Twitch co-founder Emmett Shear discusses the financial context and valuation multiple of Amazon's 2014 acquisition of Twitch for roughly $970 million.
0:00 / 0:04exact quote · 4.7s
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“The last round we raised had been a hundred million dollar valuation, not that long ago, a year ago, year and a half ago.”
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More from Emmett Shear
Insight
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“Watching a movie for free on a service instead of buying the movie to watch it is a substitution for what you're doing. But watching someone else play a game is actually marketing for the game.”
Shear: Twitch revenue relies on mid-sized streamers, not top-tier channels
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Shear: Content cannot go viral on Twitch because broadcasts are ephemeral
“Unlike most social media, You can't really go viral on Twitch. It's almost, because it's live, it can't go, you can't get to, oh my god, look at this, millions of people see it. It's like, however many people saw it, it's over.”
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