Justin Kan was unable to sell Andreessen Horowitz, one of the most powerful venture capital firms in Silicon Valley, on investing millions into his nutty startup Justin.tv more than a decade ago.
“We couldn’t get them to invest in Twitch,” Kan said, referring to the live-streaming platform’s spinoff that’s focused on video gaming. “Actually, I don’t think I ever got a meeting.”
But now, years later, the firm is leading a new $65 million round of financing for Kan’s new startup, Atrium. The legal technology startup builds software tools for an in-house law firm whose attorneys specialize in helping startups do the things all successful startups do: raise funding, issue stock options, and create commercial contracts.
Someday, the startup could bundle these software tools, which use machine learning to understand legal documents and then automate certain processes, and license them out to law firms.
Marc Andreessen, one of the most influential investors in the Valley, and the firm’s Andrew Chen will join Atrium’s board of directors.
Ashton Kutcher’s firm Sound Ventures, General Catalyst, and Y Combinator, whose CEO and partner Michael Seibel will also join the board of Atrium, signed on as co-investors in the round.
Chen met Kan about 10 years ago, when the young entrepreneur hatched an idea for a live-video platform that streamed his life 24/7. He strapped a camera to his baseball cap and wore a backpack filled with cellular data cards that carried whatever he saw to the web.
“The idea was creative, but so off the wall,” Chen told Business Insider. (Even Kan would later call the startup a “terrible idea.”)
Justin.tv pivoted and pivoted again, transforming into the world’s largest live video platform. Twitch sold to Amazon for $970 million in an all cash deal in 2014.
Chen credited Kan with “inventing modern live-streaming.” His boldness is part of the reason Chen believes in Kan as a founder.
In 2017, Chen joined nearly 100 institutional and angel investors in providing $10.5 million in Series A funding to Atrium. He must have been impressed, because he convinced Andreessen Horowitz to put in more than half of the $65 million round total for the Series B.
In the last year alone, Atrium has offered its legal services to over 250 startups, who have raised a total of $500 million in funding. Its client roster includes digital pharmacy startup Alto, scooter-sharing firm Bird, and fraud detection software-maker Sift Science.
Criminal Minds premiered way back in 2005 and it’s now about to celebrate its 300th episode.
To help commemorate the milestone, executive producer Erica Messer teased that fans will be seeing a few familiar faces in the episode — including Beverly Hills, 90210 alum and current Riverdale star Luke Perry.
“A lot of exploration of the history of the show in the 300th episode, right from jump,” she tells Entertainment Weekly. “Even when we would normally be doing a ‘previously on Criminal Minds, we give a little history lesson of the current team on the show.”
Perry is back as cult leader Benjamin Cyrus, who first appeared in the Season 4 episode “Minimal Loss.” However, in that episode, the character died… which begs the question, how will be return? We assume in a flashback scene.
Messer said the reason to bring back so many major players is a way of “acknowledging the talent and history of those people.”
We left off in the Season 13 finale with the lives of Reid (Matthew Gray Gubler) and Garcia (Kirsten Vangsness) in jeopardy. The rest of the BSU team must race against the clock to try and save them from another murderous cult leader Benjamin Merva (Michael Hogan).
Click through the gallery above for some sneak peek photos from the milestone premiere episode!
Criminal Minds, Season 14 Premiere, Wednesday, Oct. 3, 10/9c, CBS