Bill Gates Microsoft acquires gaming startup Beam owned by a teenage entrepreneur. 18-year-old Matt Salsamendi launched his Seattle-based startup, which has twenty-four employees just eight months ago. The terms of the deal haven’t been disclosed. Microsoft (MSFT, Tech30)’south Xbox team announced the news. Beam is an interactive livestreaming platform for gamers.
This acquition will support Microsoft‘s growth strategy around Xbox Live which has the reputation of the world’s most favorite social gaming platforms. The tech giant said in a blog post it’s excited about Beam’s skill to converge “playing and watching” and it’ll assistance create Xbox Live “more social and fun.”
The teenage entrepreur first attracted attention after presenting Beam onstage at TechCrunch Disrupt’s Startup Battlefield contest in May. He explained “traditional platforms don’t allow any way for viewers to participate.”
Beam lets gamers crowdsource control of the game so spectators can be engaged in with players in real time. Viewers have the authority to do things they love like modify the gamer’s weapon, control the environment and warn them about possible enemies. They can do it all with virtually number delay — something that sets it apart from other game streaming platforms, which have several second delays.
In June, Salsamendi and cofounder of Beam James Boehm, twenty, were named Thiel Fellows thus winning USD 50K. Investor Peter Thiel’s organization pays young entrepreneurs USD 100K over the course of two years in exchange for skipping college or dropping out to work on their own ventures.
But Matt’s early success hasn’t arrive without a lot of tough work.
“I vividly recollect many of the hundreds of late nights that were spent. Hundreds of thousands of lines of code written. Millions of hours of streams during beta,” wrote Salsamendi in a blog post entitled, “It’s just the beginning.”
“I knew that what we were building was unique and exciting, and the acquisition came with very excellent timing,” Salsamendi told CNNMoney on Friday in an email. “We’ve got an awesome platform, a grand community, and presently it’s time to grow.”
Beam aims to gaming a more social experience by allowing viewers to actually obtain involved with gameplay.
He added the decision to sell “was the best route for us because of their focus on gaming communities with Xbox.”
Beam has already garnered 100K members as portion of its gaming community.
Salsamendi said he’ll head up Beam in Redmond, Washington, Microsoft’s headquarters, as portion of Team Xbox’s engineering group.
Salsamendi is also focused on expanding its workforce.
“You’ll look be seeing lots of new faces in the community as we bring on new team members to assistance grow the platform,” he wrote in his blog post. “I can’t wait for you to meet them.”
Article Source- CNN Money