In this memorable milestone and moment, I would like to provide the color behind the fundraising announcement.
When we first founded Ustream in the summer of 2006, we believed that Asia was a strategic environment for a service like Ustream to flourish. Since then, we’ve made strategic decisions to partner with DCM, our lead series A investor and strong US/Asia VC firm, and now Softbank Corp., a major mobile carrier and internet conglomerate in Asia, to march toward our vision.
What really excites us is the vision that billions of web and mobile users will go-live and watch-live content on Ustream in Asia.
We’re honored to announce this relationship with Softbank and look forward to working with Softbank.