Game Live website Why is Twitch worth 1 billion dollars?

Recent media reports say Google is planning to buy a video-game live website Twitch at a price of 1 billion dollars. The site, founded in 2011, has become the world's largest gaming site and community, with a monthly active user capacity of up to 45 million, after just 3 years of development. So what kind of company is Twitch? Why is it worth as much as $1 billion trillion? American news website BuzzFeed recently issued a post on the birth and growth of Twitch, the following is the main content of the article. The birth of Twitch, the birthplace of the popular gaming site Twitch, may go back to several informal meetings in the fall of 2010, including talks with Giddien Yu (Gideon Yu). Mr Yu, the former CFO of YouTube, has played a key role in the Google deal to buy the video site for 1.65 billion dollars. Mr. Yu came to the office of Justin.tv (Twitch's parent company) in 2010, when Justin.tv had just won 80 million of billions of dollars in venture capital, and the company was making a profit from a live video site to the transition to a video-streaming website. Mr. Yu's visit was extremely important for the company's future, according to Michael Seibel, co-founder of Justin.tv, Michael Sebers. Then he said to us, the idea is that you've accomplished something, you've made some money, but you haven't really had a real impact, so now you can get a free ride and stop working like a start-up, or try to make a career, "Sebel recalls. In addition, Justin Kan, another co-founder of Justin.tv, also met with dour Media's Matt Sanchez (Matt Sanchez), who persuaded Kan to launch new research projects within the company. Contact with Sanchez and Mr. Yu prompted Justin.tv to split the company's two products separately, which are game live sites twitch and video sharing applications Socialcam. It also marks the beginning of Justin.tv's co-founder, Emite Charles Emmett Shea, from an engineer to a manager who may not have thought Twitch would eventually grow into one of the world's most valuable video streaming companies, but now it has become a reality, Google has been bidding for 1 billion dollars last week to buy Twitch. The Shire and Kannshar and Kan play small is a good friend, two people from childhood in mathematics and magic show extraordinary talent. Although they were not alumni in high school, they were admitted to Yale University, and they joined together to develop an application--kiko similar to the Google Calendar when they graduated, the first to be founded after the two cooperated.Jia Xin Chuang Company. In the course of the founding of the Kiko, the Shire did not reveal his leadership skills, when he was a professional engineer, in order to achieve a function of the software to the all-night programming. According to the popular theory of Silicon Valley, the Shire of the year was a "co-founder of Technology", and it was usually only with people who were good at product design and marketing that they could make a grade. Luckily, they eventually sold Kiko at 250,000 dollars on ebay, which also confirmed their confidence to continue their business. "By the time I graduated, I realized that I wanted to start an internet company," said the Shire, "when I first went to college, I thought I was going to do research in the future, but then I realised my interest was in doing more engineering stuff." "Then the Shire and Kan found Paul Graham, founder of the Silicon Valley's top incubator, Y Combinator, and told him about a service that printed the content of the Web page into a paper book, and Graham was not interested in it," Do you have any other ideas? " He asked, and then Kan introduced him to the idea of living video sites, which made Graham's spirit spirits, "This is a great idea, and I am willing to provide financial support." Then the shire and Kan got a 50,000-dollar cheque and a second chance to work with Y Combinator (the first time Kiko).