Portalone 15m Founders Fund Twitch Kevin

On July 19th, 2020, the 15M Founders Fund and Kevin Portalone joined forces to make their mark on the world of streaming on Twitch. The 15M Founders Fund, built and managed by technology executives, is a partnership that provides capital and support for companies looking to succeed in their goals. Meanwhile, Kevin Portalone, veteran tech executive and investor, looks to bring his experience and knowledge to the streaming realm. The combined force of the 15M Founders Fund and Portalone gives Twitch streamers the opportunity to compete in the larger streaming market. This article will explore the impact of the 15M Founders Fund and Kevin Portalone joining forces to tackle the Twitch streaming market.

Overview of the 15M Founders Fund and Kevin Portalone

The 15M Founders Fund is composed of several technology executives including Brad M. Svrluga, Ray Davis, and Tony Toit. The fund is designed to build and manage investments in companies that seek guidance and capital gains. Each executive brings years of experience and knowledge in tech startups, ultimately offering investment advice and experience to budding companies. Kevin Portalone has also been heavily invested in tech startups, having served as a venture capitalist at Canaan Partners prior to joining forces with the 15M Founders Fund. Together they bring over 50 years of experience in the tech industry to the Twitch streaming market.

What is Twitch?

Twitch is a streaming service and community website founded in 2011. The site is primarily used for live streaming video game content, chat, and discussion. With over 15 million unique daily viewers in 2020, Twitch has become the go-to platform for gamers to live stream their content on a massive scale. Twitch’s reach extends across multiple countries and languages with close to 3 million broadcasts streamed every month from users ranging from beginner to professional gamers.

Goals of the 15M Founders Fund and Kevin Portalone

The 15M Founders Fund and Kevin Portalone aim to use their collective knowledge and experience to help Twitch streamers gain access to resources, funding, and guidance. By combining their expertise in the tech industry with the capabilities of Twitch, the duo looks to encourage streamers to create additional content on their channels and grow their reach and engagement. Ultimately, their goal is to bring in more viewers to Twitch while also driving up viewership and engagement.

Previous Success of the 15M Founders Fund

Since its formation, the 15M Founders Fund has been successful in investments with tech companies. Backed by luminaries of the tech industry such as LinkedIn co-founder Reid Hoffman and former Apple executive Eddy Cue, the 15M Founders Fund has received acclaim for their investments as well as their guidance for new companies. With their help, tech startups have grown and expanded their reach, increasing their profitability and growth in the industry.

Twitch’s Reach and Audience

As stated earlier, Twitch has become one of the largest streaming services in the world. Within the United States alone, Twitch has close to 75 million monthly viewers, constituting around 40 percent of the market. With a variety of different viewers ranging from casual viewers to dedicated viewers, Twitch is a powerful platform to reach a mass audience. Furthermore, Twitch’s success has spawned other offshoot platforms such as Twitch Rivals, a tournament-style gaming platform that broadcasts tournaments and events to viewers.

Popular Twitch Streamers

Popular Twitch streamers such as Tyler Ninja Blevins and Summit1G have become household names in the streaming world. With millions of views per stream and hundreds of thousands of subscribers, the streamers are considered some of the most influential figures in their respective gaming communities. Furthermore, their success has spurred the growth of other streamers and gaming communities, creating a newly formed industry for gamers and internet personalities alike.

Portalone’s Plan for Twitch Streamers

The 15M Founders Fund and Kevin Portalone have plans to improve the Twitch streaming industry for streamers and viewers alike. One of their primary goals is to make Twitch more accessible for first-time streamers by providing them with tools, resources, and guidance to help their channels succeed. Additionally, they look to bolster the transition of promising streamers to well-known Twitch celebrities by providing mentorship and support to upcoming streamers.

Challenges of Joining Forces with the15M Founders Fund

The 15M Founders Fund and Kevin Portalone face several challenges while looking to make their mark on the Twitch streaming market. The most notable of which include the current market leader being Twitch itself. Furthermore, Twitch has a variety of competitors in the streaming game such as YouTube, Mixer, and Caffeine. With such a competitive landscape, the duo must take creative and effective approaches to differentiate their offering from the crowd.

Conclusion

The 15M Founders Fund and Kevin Portalone have joined forces to make their mark in the Twitch streaming market. By combining their expertise in technology with the capabilities of Twitch, the duo hopes to help streamers improve their content creation, making Twitch a more accessible platform for first-time streamers. With more viewers, Twitch gains more potential to reach a larger audience and potentially generate more revenue. Twitch streamers and viewers alike should be excited to see the changes that come with this new partnership.