arjun-gupta

Despite recession talk, VCs find cash to fund Qik, Ustream.tv

Nicholas Carlson · 04/10/08 01:40PM

Having turned down Microsoft's $50 million offer, live video site Ustream.tv today announced $11.1 million in venture capital. Yesterday, mobile video startup Qik announced it raised another $3 million from Salesforce.com founder Marc Benioff, VC Arjun Gupta and entrepreneur George Garrick. If a recession is going to take your jobs, close the doors to rich payoffs, and kill your deals, the least it could do is knock live Robert Scoble andLoren Feldman broadcasts off the Internet.