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 Send to email | Ustream: $11 Million In New Funding, Profitable In A Year? in MSFT |  By Silicon
el 10-Apr-2008 |
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 Live video streaming startup Ustream.tv has raised $11.1 million in Series A funding from Doll Capital Management and Band of Angels, NewTeeVee reports. Founder John Ham says that effectively rules out a near-term acquisition by Microsoft (MSFT), which was supposedly in talks with the Valley-based startup.
Then again, if Microsoft was really going to shell out $50 million for the company, then Ustream and its backers ought to take it. This is a rough, unproven business, and it's unclear how how Ustream or any other live video streamer is going to make it as a standalone company.
Ustream tells TechCrunch it will use the money to speed up product development, and we assume a hefty chunk of the cash will go to infrastructure, bandwidth, etc.
The company boasts 260,000 registered users, but says they only stream 8,000 to 10,000 broadcasts a day -- 400 to 600 concurrently. (Average length: more than an hour.) Viewers watch more than 2 million hours of live video per month.
Ham projects his site will be profitable in the next 12 months. (We'll see about that: Banner ads are the only money-making scheme he tells NewTeeVee's Lis Gannes about.) The company had previously raised $2 million from angel investors.
See Also:
Live Webcasters: Big Noise, Few Viewers
Live Streamers: Plenty Of Chatter, Not Many Dollars
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 | Kotaku`s The Gamers Guide |  Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Xbox Division FINALLY Reports Profitable Year [Xbox 360] | | Congratulations, Microsoft. For the first time in the Xbox group's history, it's reported a profitable year (previous back-slapping have been confined to profitable quarters), with earnings released today showing the Entertainment & Devices Division (which, gra [..] Read complete article | | Published 17-Jul-2008 by Luke Plunkett in Xbox 360 Business Microsoft News Original Top
Read 1 times. More hits in ![More articles Xbox Division FINALLY Reports Profitable Year [Xbox 360]](./images/arti.gif) ![Images about Xbox Division FINALLY Reports Profitable Year [Xbox 360]](./images/photo.gif) |
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| Meebo Lands $20 Million Funding | | Web-based chat startup Meebo is about to announce that big funding round we've been hearing about. TechCrunch put the deal in the $25 million range at a $200 million valuation; the deal has closed and [..] Read complete article | | Published 30-Apr-2008 by Silicon in General
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| Meebo Lands $25 Million Funding | | Web-based chat startup Meebo is about to announce that big funding round we've been hearing about. TechCrunch put the deal in the $25 million range at a $200 million valuation; the deal has closed and [..] Read complete article | | Published 30-Apr-2008 by Silicon in General
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| Still a Bull Market For New York Venture Capital Funding | | Venture capital funding continued to grow in NY last quarter, Amanda Fung at Crains reports, bucking the national trend:
Sixty-six area companies received $526 million in venture funding
during the quarter, according to a report released by
PricewaterhouseCoopers and the National Venture Capital Association.
Funding was up 12% from the previous quarter and 35% [..] Read complete article | | Published 19-Apr-2008 by Silicon in General
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