Founder and CEO of Kik Interactive, Inc.
Date of birth:
Place of birth:
Company: Kik Interactive, Inc.
During the first 15 days of operation, the app attracted over a million users. This was an overwhelming success. The startup got the attention of numerous investors. However, once the number of registered users got over 2 million, Kik was kicked in the back – BlackBerry excluded the chat app from its app store. This event took place in October 2010 and almost demolished all Kik’s previous achievements. BlackBerry was even going to sue Kik, accusing Livingston of stealing the idea of a chat app.
The situation was saved, though – Livingston stroke a deal with RRE Ventures. Ted had to give away part of his stock but it allowed him to get investors’ trust back.
In 2011, the company raised $19.5 M of investments; with this money, it released stickers and the first game within the app.
The major feature of Kik is that accounts are not connected to users’ phone numbers, nicknames are enough. Since back in 2010 not all young people had mobile phones yet, this idea was a success. As soon as almost everyone got hold of a mobile, Kik hurried to release Kik for iOS and Kik for Android. It is these two that are the company’s focus now.
Today Kik has over 200 M registered users. In the last round it raised over $70.5 M. The company aims to become an analogue of WeChat in the North America.