Kayvon Beykpour is the CEO and co-founder of Periscope who founded together with his childhood friend Joe Bernstein in February 2014 their startup. Periscope is a Live-Video streaming app for iOS and Android, which enables anyone to capture or watch Live-Video broadcasts and let users broadcast live to others. The viewers can comment, ask questions, and send hearts to the broadcaster in real time.
Prior to Periscope, Kayvon founded his first startup, which he sold to learning business Blackboard for $4 million before he even turned to 21. Kayvon is 27 years old and was born in San Francisco. His parent immigrated from Iran to US before 1979 revolution. He has a B.S in Computer Science from Stanford University.
Since Live-Video streaming is shaking the tech world, this become for Periscope the momentum to sell the startup to Twitter. Twitter paid in March 2015 in a quiet deal slightly less than $100 million*, which made Periscope one of Twitter’s more expensive purchases. This seems a good deal for both sides. For Periscope which was founded in 2014 and had only 5 team members (today 25 employees) without even launching the product after 11 months of works and also for Twitter as real-time communications platform, who wants to become the major player in the Live-Video industry.
There are also big challenges Periscope (Twitter) business model faces toward content providers such as HBO**. HBO and other content providers companies are concern about piracy on the new services like Periscope. In April this year HBO’s “Game of Thrones” premiere, were illegally broadcast through the Periscope app. This incident led HBO to send takedown notices to Periscope/Twitter (in the United States the law requires that unauthorized copyrighted material online be taken down within 24 hours). In order to fix the piracy issue, Periscope needs to work on a better technology for automating removal of copyright content, but technical complexity for fixing of this issue is more complicated than it is on YouTube or similar platforms.
Other major player on the Video-Live Streaming field is Meerkat, which was launched in March and turned Live-Streaming into a Twitter’s platform. But Twitter now offers Periscope as a new service. Interestingly Periscope isn’t built into Twitter, it’s a standalone app with Twitter integration. Now the question is if Periscope will win over Meerkat and other competitors like YouNow.
Periscope has changed the game for the Video-Live streaming and is going to shake up the media. That is the reason why Twitter did not wait for the launch of the first release of Periscope.
* Industry sources tell the deal was somewhere between $75 and $120 million USD
**HBO is an American premium cable and satellite television network