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I don't think a guy like Justin lacks conviction. Justin.tv required huge conviction. If you don't recall, it was founded in 2007 -- just prior to the financial
by ttul 7y ago
I don't think a guy like Justin lacks conviction. Justin.tv required huge conviction. If you don't recall, it was founded in 2007 -- just prior to the financial crisis -- with the unique idea of allowing people to live stream on the internet. Today, live streaming is just a feature of Instagram, Facebook, and other major services. But in 2007, it was revolutionary. Twitch was the breakthrough, but it took four years of grinding to get there [1].
In the case of Atrium, I'm sure that the investors would have had plenty of board-level conversations about the potential trajectory of the company. The decision to shut down and return funds was likely endorsed by the investors, if not proposed by them, who would doubtless remain extremely keen to invest in whatever Justin comes up with next.
[1] https://techcrunch.com/2014/08/05/justin-tv-shuts-down-to-let-the-company-focus-on-twitch/ https://techcrunch.com/2014/08/05/justin-tv-shuts-down-to-le...
- prawn 7y agoI meant conviction with regard to Atrium. Was responding to the idea that he could've stuck it out and burnt through the money persisting as opposed to something new.
- ttul 7y agoWell, I guess only Justin knows and maybe their board. Chances are they figured there was no viable path to wild returns.