(Founder Stories) Livestream?s Max Haot: Gannett Gave Us $10 Million (And Possibly Saved The Company)

In part II of?Chris Dixon's?Founder Stories interview with?Livestream?co-founder?Max Haot, Hoat offers his analysis of what he encountered while attempting to secure funding between roughly 2007 and early 2008. At the time, Haot feels VC's were hovering over technology that allowed people to digitally record events and watch the action on their own time. However, as presidential candidates crisscrossed the country during the '08 election, Livestream caught a break thanks to an invite from?Gannett?who started using Livestream (then known as Mogulus) to broadcast the activity. Pleased with the results, Haot says Gannett invested $10-million and delivered a?bundle of cash that arrived just in time.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/KZZTNCcWJQI/

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