Last Words
“Reimagining live entertainment.” (Unwatched.)
Raised
$250 million — stream dried up before it flowed
Cause of Death
Streaming platform… that couldn’t capture the audience.
Notable twist
Raised over $250M. Crushed by Twitch/YouTube dominance.
Details
Pitch: “The next big thing in live streaming.”
Caffeine focused on live entertainment streaming, but never found a large user base or standout niche. Even with Fox backing and $250M in funding, it was outpaced by Twitch and YouTube. Shutdown came in 2024 after quiet layoffs.
