Integration of mobile and Web for networking and blogging

August 31, 2008

Marc Andreessen, who co-founded Netscape, through his investment in Qik is hoping to capitalise on the growing willingness of common people to broadcast daily details of their personal and professional lives online. This is a trend, which has achieved vocal expression in everything from Justin.tv, the ‘life-casting’ community, to Twitter, the microblogging service.

The mobile streaming-video service sports exciting features that let everyone stream video from his or her mobile phone to Facebook, MySpace, and other networking websites. Andreessen is respected in Silicon Valley as a savvy investor. His presence adds a boost to Qik amid a packed field of mobile-video start-ups like Kyte and Flixwagon.

The firm did not disclose the money put in by Marc Andreessen and Ben Horowitz, his partner, but called it ‘significant’, and added that the two investors had joined its board of directors. Qik’s chief executive, Ramu Sunkara stated:

We are thrilled to have them (Marc and Ben) involved in Qik - both as investors and advisers. Marc is a seasoned technology investor and true visionary. He brings along strong entrepreneurial, innovation experience to Qik. It is great to have both on board to help us grow and guide us.

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