Twitch was launched in 2011 and quickly became the preferred destination for users to watch and broadcast video game play. It raised $20 million from investors which included Thrive Capital and videogame-maker Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in early September last year.
Of the numerous products to be spun out of Justin.tv, Twitch is the most successful. Justin.tv, one of the earliest streaming-video sites on the Internet, was founded in 2006 by Justin Kan and Kyle Vogt. Other spinouts include Socialcam and housecleaning service Exec. The former was acquired by Autodesk for $60 million in 2012, while Exec was purchased for a shade under $10 million earlier this year.