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Spreecast Secures $4 Million in Seed FundingNotable Backers Frank Biondi, Gordon Crawford and Edward Scott, Jr. Invest in Social Video Platform Started by StubHub Founder, Jeff Fluhr (December 21, 2011)
SAN FRANCISCO, CA -- (Marketwire) -- 12/21/11 -- Spreecast, the social video platform that lets people broadcast together, today announced it has raised $4 million in seed funding. Started by the Founder and former CEO of StubHub, Jeff Fluhr, Spreecast received funding from Frank Biondi, former CEO of Viacom; Gordon Crawford, media and technology investor at The Capital Research Group and Edward Scott, Jr., founder of BEA Systems.
Currently in public beta, Spreecast can be used publicly or privately to create interactive, face-to-face video experiences in which a few people, or many thousands of people, can participate. Viewers can chat, submit comments and questions to those on screen, and request to join on camera, while robust controls allow producers of the spreecast to manage the action. Integrated across multiple social networks, such as Facebook, Twitter and Google+, all spreecasts are recorded live and immediately available for playback and sharing.
"As online video continues to change the telecommunications and media industries, Spreecast is well positioned to be a catalyst for change and capitalize on these rapidly evolving markets," said Mr. Biondi.
The $4 million in funding will be used to hire additional engineers and others to help build out the product platform and expand the community.
"In a communication age dominated by texts, emails, tweets and status updates, Spreecast is bringing face-to-face video interactions to the Internet in a far-reaching way," said Fluhr, Founder & CEO of Spreecast. "People using Spreecast run the gamut already, from bloggers interacting with their followers, to celebrities and athletes chatting with their fans, to people talking about the 2012 Presidential elections."
Examples of popular spreecasts include:
- Former Olympian and super mom Summer Sanders hosts a "Countdown to London" series of interviews with Olympians. She recently discussed NBA predictions with 1996 Olympic basketball member and Indiana Pacers legend Reggie Miller.
- Jared Polin, the popular blogger and YouTube personality who runs FroKnowsPhoto.com, holds live question & answers spreecasts for his photography community.
- Growing consumer-focused companies such as Bonobos, ModCloth, and Chess.com have created spreecasts to interact with their customers.
Technology pioneer, Edward Scott, Jr. noted, "Spreecast has launched amid the rise of two powerful trends. Consumers are increasingly adopting face-to-face video communication. At the same time, we are seeing huge improvements in device processing power and access to high bandwidth. These trends create the opportunity for Spreecast to address the needs of a number of different markets."
Spreecast is a social video platform that lets people broadcast together and create shared experiences. In a Spreecast social video stream, up to four people at a time can interact face-to-face on screen, while thousands of others can watch, chat, and participate by submitting comments and questions. The creator of a spreecast uses producer controls to determine who comes on camera and when. Spreecasts can be either public or private and are recorded live then immediately available for playback. Spreecast makes it easy to bring people together by integrating with popular social networks such as Facebook, Twitter, and Google+. The company was founded by Jeff Fluhr, founder and former CEO of StubHub, and is based in San Francisco, CA.
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