Emmett Shear

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Emmett Shear
Web Summit 2018 - Contentmakers - Day 2, November 7 SM7 9280 (45715722382).jpg
Shear in 2018
Born1983 (age 4041)
Alma mater Yale University (BS)
Known for

Emmett Shear (born 1983) is an American Internet entrepreneur and investor. [1] [a] He is the co-founder of live video platform Justin.tv. He was the chief executive officer of Twitch when it was spun off from Justin.tv until March 2023. In 2011, Shear was appointed as a part-time partner at venture capital firm Y Combinator. [2] In November 2023, he briefly was interim CEO of OpenAI. [3] [4]

Contents

Early life and education

Emmett Shear grew up in Seattle, Washington, [5] where he attended the Evergreen School for Gifted Children. There, he met his eventual co-founder Justin Kan at age eight, [6] and the two were bonded by their accelerated math classes and playing Magic: The Gathering . [7]

Shear studied computer science as an undergraduate student at Yale University, and graduated in 2005. [8] [9] He attended with his eventual Twitch co-founders Justin Kan and Michael Seibel. [5]

Career

Y Combinator

Shear and Justin Kan have been part of Y Combinator's first class in 2005. [2] As part of Y Combinator, the two built a calendar application called Kiko, which they eventually sold on eBay for around $250,000 after Google Calendar was introduced. [7] [10]

Justin.tv

In March 2007, Shear and Justin Kan, along with Michael Seibel and Kyle Vogt, launched Justin.tv, a 24/7 live video feed of Kan's life, broadcast via a webcam attached to his head. [11] It quickly obtained some media coverage. In October 2007, the site added the possibility for other users to host their own broadcast. Three years later, the platform had secured $7.2 million in venture capital funding and reported a monthly user base of approximately 31 million unique visitors. [10] Its gaming-oriented spin-off Twitch eventually became more popular, [10] and Justin.tv was closed on August 5, 2014. [12]

Twitch

After Justin.tv launched in 2007, the site quickly began building subject-specific content categories like Social, Tech, Sports, Entertainment, News & Events, and Gaming. Gaming, in particular, grew very fast and became the most popular content on the site. [13]

In June 2011, [14] [15] the company decided to spin off the gaming content under a separate brand and site. They named it TwitchTV, inspired by the term twitch gameplay. On August 29, 2011, Shear became CEO of Justin.tv, and remained in that role as the company rebranded around Twitch in 2014, which had quickly become its core product. [16] [17]

On August 25, 2014, Amazon officially acquired Twitch for a reported $970,000,000. [18]

Emmett Shear speaking at Manifest 2023 Emmett shear manifest talk.jpg
Emmett Shear speaking at Manifest 2023

In March 2023, Shear announced that he was resigning as CEO, and that Daniel J. Clancy would take over. [19]

Investor Activities

Shear became a part-time partner at Y Combinator in June 2011, where he offered advice to the new startups in each batch. [20] [2]

OpenAI

On November 19, 2023, Shear was named as the interim CEO of OpenAI, [21] following the removal of Sam Altman by the board two days earlier. On November 21, an agreement was reached to reinstate Altman as CEO. [4] It was previously reported that Shear had threatened to resign as CEO if the board could not provide evidence to support Altman's removal. [4]

Shear has publicly stated that he is concerned about the impact AI can have on civilization, estimating his "P(Doom)" (subjective probability of an existential catastrophe from AI such as human extinction) as between 5 and 50 percent. [22] [23] [24]

Philanthropy

In March 2020, during the COVID-19 pandemic, via Twitch, Shear donated the initial US$1 million to start a SF New Deal, a non-profit organization which ordered meals from San Francisco eateries and delivered them to people in need. The organization was started by his Yale college classmate Leonore Estrada, who owned the Three Babes Bakeshop in San Francisco's Bayview neighborhood. [25] [26] [8]

Notes

  1. Name appeared as "Emmett Sheer" in "The ESPN of Videogames", Forbes (paper), ppg. 36,40, 2 Nov 2013.

Related Research Articles

<span class="mw-page-title-main">Y Combinator</span> American startup accelerator

Y Combinator, LLC (YC) is an American technology startup accelerator and venture capital firm launched in March 2005 which has been used to launch more than 4,000 companies. The accelerator program started in Boston and Mountain View, expanded to San Francisco in 2019, and was entirely online during the COVID-19 pandemic. Companies started via Y Combinator include Airbnb, Coinbase, Cruise, DoorDash, Dropbox, Instacart, Reddit, Stripe, and Twitch.

Vimeo, Inc. is an American video hosting, sharing, and services provider headquartered in New York City. Vimeo focuses on the delivery of high-definition video across a range of devices. Vimeo's business model is through software as a service (SaaS). They derive revenue by providing subscription plans for businesses and content creators. Vimeo provides its subscribers with tools for video creation, editing, and broadcasting, enterprise software solutions, as well as the means for video professionals to connect with clients and other professionals. As of December 2021, the site has 260 million users, with around 1.6 million subscribers to its services.

Justin.tv was a website created by Justin Kan, Emmett Shear, Michael Seibel, and Kyle Vogt in 2007 to allow anyone to broadcast video online. Justin.tv user accounts were called "channels", like those on YouTube, and users were encouraged to broadcast a wide variety of user-generated live video content, called "broadcasts".

<span class="mw-page-title-main">Justin Kan</span> American internet entrepreneur and investor

Justin Kan is an American internet entrepreneur and investor. He is the co-founder of live video platforms Justin.tv and Twitch, as well as the mobile social video application Socialcam. He was also the co-founder and former CEO of law-tech company Atrium before it was shut down in March 2020. In 2021, he launched NFT marketplace Fractal, which was renamed to Stash in 2024.

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<span class="mw-page-title-main">Live streaming</span> Live broadcasting via the Internet

Livestreaming, live-streaming, or live streaming is the streaming of video or audio in real time or near real time. While often referred to simply as streaming, the real time nature of livestreaming differentiates it from other non-live broadcast forms of streamed media such as video-on-demand, vlogs and video-sharing platforms such as YouTube and Twitch (service).

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Twitch is an American video live-streaming service popular in video games, including broadcasts of esports competitions. It also offers music broadcasts, creative content, and "in real life" streams. Twitch is operated by Twitch Interactive, a subsidiary of Amazon. It was introduced in June 2011 as a spin-off of the general-interest streaming platform Justin.tv.

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References

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