Qik Adds Andreessen’s Money, Advice
Mobile live video streaming startup Qik has taken “a significant investment” from Marc Andreessen and Ben Horowitz, who formerly worked together on Netscape and Loudcloud/Opsware. The two are both joining Qik’s board. This adds onto Foster City, Calif.-based Qik’s $4 million previously raised across two rounds from Marc Benioff (Salesforce), Arjun Gupta (Telesoft Partners) and George Garrick (Jingle Networks).
The investment is significant because Qik is trying to stand out from both the competition and obscurity and Andreessen is a Silicon Valley heavyweight. In recent months the company has attracted high-profile users such as U.S. congressman John Culberson, The Vatican and the prime minister of Singapore.
Andreessen’s other online video investments include EQAL and CastTV.
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I think you’ll going to find that this is a really smart investment and has all the hallmarks of success: It’s global, scalable, disruptive, social, and not ‘too different’ to be a massive risk.
Talk About on September 9th, 2008 at 6:15 am - Permalink