Google’s YouTube buys Twitch for $1 Billion

kevm3

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We're pretty much coming into an internet where tracking companies own nearly all the major sites and they archive everything you say and do. Future generations will have no idea how free the internet was when it first came out.
 

Brofato

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It's a simple idea too. But it does take some programming knowledge to implement. Dude has done no advertising (paid or otherwise) and he already has 100k weekly users and is gaining. 3-5k more per week.

He initially posted it on reddit, and it caught on there. The people at TechCrunch hit him up after the reddit post and they did an article on it. From the article a bunch of ppl hit him up with equity offers (10k-100k). The guy who made this About Us – Brotips® (backed by Marc Cuban) hit him up, and he was going to help him quick flip the company but dude wasn't trying to do all that. He's not really in it for the money.

He then turned down YCombinators $120k for 7% offer (I have no idea why he turned this down, well he told me why but I don't necessarily agree. I'm still scratching my head at that one)

Y Combinator

Y Combinator is the devil so I understand that and most of those people would be trying to make money off of him is my guess.

Some people are happy living their lives and creating shyt to make their lives easier and put it out cause other people might want to use it too. Like The Verge did an article about a guy making apps for Windows Phone who just wanted to show that it could be done.

Meet the Windows Phone developers risking everything to save Microsoft's platform | The Verge
 

L&HH

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Y Combinator is the devil so I understand that and most of those people would be trying to make money off of him is my guess.

Some people are happy living their lives and creating shyt to make their lives easier and put it out cause other people might want to use it too. Like The Verge did an article about a guy making apps for Windows Phone who just wanted to show that it could be done.

Meet the Windows Phone developers risking everything to save Microsoft's platform | The Verge

Could you explain further about why you think YCombinators is the devil? They only ask for 7% and move you out to San Fran for three months. From there you can make all types of connections.

Yeah the other ppl that offered him money I understood. Like you said, dude is really passionate about this and wants to see it succeed. The reason he turned down the brotips guy is b/c all he cared about was making a quick flip of money from it. He said most of the other ppl didn't even like or care about music and therefore he didn't want to work with them. I completely understood his rationale for turning down most those offers. Oh and to add he actually does need the money, he's currently quitting his job to spend more time on it and the app doesn't make any money currently. Grooveshark and a couple other services have hit him up to incude their API onto his extension.
 

Brofato

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Could you explain further about why you think YCombinators is the devil? They only ask for 7% and move you out to San Fran for three months. From there you can make all types of connections.

Yeah the other ppl that offered him money I understood. Like you said, dude is really passionate about this and wants to see it succeed. The reason he turned down the brotips guy is b/c all he cared about was making a quick flip of money from it. He said most of the other ppl didn't even like or care about music and therefore he didn't want to work with them. I completely understood his rationale for turning down most those offers. Oh and to add he actually does need the money, he's currently quitting his job to spend more time on it and the app doesn't make any money currently. Grooveshark and a couple other services have hit him up to incude their API onto his extension.

It's mostly the culture they cultivate. I know the whole angel/startup thing has been going on long before they came along but it's just ehhh to me. Their method of throwing shyt at the wall at the wall to see what sticks and then taking taking that 7% when it does.

Most of the people that go through it don't really come out any better and just try to get in, make their money or reputation without giving a shyt about the company they wanted to found. And I also hate "Hi we're Company X and we're like Facebook for Lawnmowers" or something like that. I didn't really verbalize that too well but yeah.

Grooveshark would definitely care about the music with that guy.
 

Brofato

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I know its hard to turn down $1 billion.. but Twitch has a legit chance of becoming a huge billion dollar company in just the next few years.. Plenty of companies have tried to over take them INCLUDING YOUTUBE and no one has over took Twitch or even came close..

another thing I dont get is how is something like Snapchat (no ads, no revenue) worth billions more than Twitch (which has ads run constantly + subscriber options)

I was thinking the same thing when I first heard this story. I know there are a lot of overvalued companies being snatched up at the moment but Twitch doesn't seem like one. They seem to have an actual, proven business model and is the largest and, according to some, best in their market.
 

L&HH

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It's mostly the culture they cultivate. I know the whole angel/startup thing has been going on long before they came along but it's just ehhh to me. Their method of throwing shyt at the wall at the wall to see what sticks and then taking taking that 7% when it does.

Most of the people that go through it don't really come out any better and just try to get in, make their money or reputation without giving a shyt about the company they wanted to found. And I also hate "Hi we're Company X and we're like Facebook for Lawnmowers" or something like that. I didn't really verbalize that too well but yeah.

Grooveshark would definitely care about the music with that guy.

I pretty much hate all social media type startups in general

I can't hate on Ycombinator too

much they've had hands in alot of amazing stuff. These are things I've used/use
Reddit
Teespring
Twitch
Dropbox
Weebly (I'm starting to despise this web layout)
Scribd
Rap Genius
Code Academy

I was thinking the same thing when I first heard this story. I know there are a lot of overvalued companies being snatched up at the moment but Twitch doesn't seem like one. They seem to have an actual, proven business model and is the largest and, according to some, best in their market.

Oh yeah Twitch is def worth that money. Plenty of Twitch streamers make 6 figures annually. Funny though, like I said above twitch initially got some of that Ycombinator money
 

Brofato

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I pretty much hate all social media type startups in general

I can't hate on Ycombinator too

much they've had hands in alot of amazing stuff. These are things I've used/use
Reddit
Teespring
Twitch
Dropbox
Weebly (I'm starting to despise this web layout)
Scribd
Rap Genius
Code Academy



Oh yeah Twitch is def worth that money. Plenty of Twitch streamers make 6 figures annually. Funny though, like I said above twitch initially got some of that Ycombinator money

Yeah, it's some good that came out of it. I don't like actively hate them or anything just a sort of wary look from afar. Everybody wants to have Zuckerberg type status and money even when they're not in their field. I kinda respect the people who want to go after shyt you'd never think of in fields that often get neglected. I just think they should probably take other routes.
 

itsyoung!!

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this could backfire... a lot of twitch streamers not happy about it..

and the thing is, the viewers will go wherever the streamers go.. They dont give not a SINGLE fukk about Twitch. Its just the current universal most popular platform

These gamers aint loyal (in my chris brown voice)

if the TOS is too against the grain (cant stream music from pandora etc) theyll just switch to hitbox or someone else will pop up and reap the benefits..

people forget that almost all the popular streamers started on other sites like xfire or o3wned.tv then made the switch to twitch cause twitch as offering more.. at the time. Now that other companies see the money possible in this might be their time to capitalize. Especially since Twitch has been having major latency(buffering) issues these past few months that never existed before.

viewers will go with the gamers. Not with twitch. If twitch puts youtube TOS in place, twitch will fall.. quick. just like xfire did.
 

Jax

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this could backfire... a lot of twitch streamers not happy about it..

and the thing is, the viewers will go wherever the streamers go.. They dont give not a SINGLE fukk about Twitch. Its just the current universal most popular platform

These gamers aint loyal (in my chris brown voice)

if the TOS is too against the grain (cant stream music from pandora etc) theyll just switch to hitbox or someone else will pop up and reap the benefits..

people forget that almost all the popular streamers started on other sites like xfire or o3wned.tv then made the switch to twitch cause twitch as offering more.. at the time. Now that other companies see the money possible in this might be their time to capitalize. Especially since Twitch has been having major latency(buffering) issues these past few months that never existed before.

viewers will go with the gamers. Not with twitch. If twitch puts youtube TOS in place, twitch will fall.. quick. just like xfire did.
There's a lot of bytches and fakkits making a lot of cash out of simps. If youtube ends that and makes it about VIEWS of course they gon be mad.
 
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