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YouTube Receives $3.5M Funding from Sequoia

ScuttleMonkey posted more than 8 years ago | from the still-waiting-on-my-check dept.

80

An anonymous reader writes "YouTube, the self-described "Flickr of video" has now received $3.5M in funding from Sequoia Capital, the same VC firm that funded Yahoo!, Google, and PayPal. Competitors of YouTube include Revver, launched just last month and founded by Ian Clarke of The Freenet Project fame. As of now, both services are free. With the online video space heating up in recent months, the question is who will discover the best business model." YouTube was first mentioned on Slashdot shortly after its launch three months ago.

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80 comments

Google Video (1, Interesting)

dirtsurfer (595452) | more than 8 years ago | (#13976934)

So, what's the difference between this and Google Video?
Or should I RTFA? ;)

Re:Google Video (1)

Anonymous Coward | more than 8 years ago | (#13976972)

I never heard about youtube before I listened to a talk by .... wait for it ... some Sequoia people on podtech.com. I tried to check them out but the site was down. Now I see it for the sneaky pre-advertising it was. "my kid was checking out youtube" my ass.

And I can't see how this can compete against Google video -- it doesn't have the bandwidth, the name recognition, the search capability, or anything that google has going for it. Perhaps some 2nd tier company like Yahoo will buy it.

Re:Google Video (1)

RockoW (883785) | more than 8 years ago | (#13977784)

Google Video doesn't allow to embed video in your web page that is the main advantage of YouTube. Embedded content is the nice feature of the service just like flickr.

So who are Sequoia? (2, Interesting)

Audent (35893) | more than 8 years ago | (#13976944)

And who else have they funded...? Surely there are a couple of other companies, or are they simply very good at picking future winners on the largest scale possible?

Re:So who are Sequoia? (0)

Anonymous Coward | more than 8 years ago | (#13976953)

Why is this modded flaimbait? They may be venture capitalists with very deep pockets who have a Nostradamus approach to investing.

Re:So who are Sequoia? (1)

FireballX301 (766274) | more than 8 years ago | (#13976991)

Sequoia Investment fund - one of the better funds to put your money in as they've consistently beat the market. I believe they use Warren Buffett's method of investment, that is, securities analysis and asset-value disparity over the long term.

Yahoo, Google, Apple, VA, etc (1, Informative)

Anonymous Coward | more than 8 years ago | (#13977038)

Atari, Rackspace, Cisco, CafePress, PayPal, etc.

They've funded a few winners over the years...

Re:Yahoo, Google, Apple, VA, etc (4, Informative)

Agrippa (111029) | more than 8 years ago | (#13977068)

They also funded MP3.com with 12 million in early 99 and cashed out hansomely way, way, way before the bubble burst.

.agrippa.

Re:So who are Sequoia? (0)

Anonymous Coward | more than 8 years ago | (#13977218)

Watashi wa kaban desu.

Vobbo is Better! (5, Informative)

CuteVlogger (925400) | more than 8 years ago | (#13976955)

Vobbo [vobbo.com] is better! More file formats, but you can use your own domain, make rss feeds for any search term, and embed videos in other annoying trendy sites [myspace.com] :)

Vobbo also allows recording from webcam (1)

HMC CS Major (540987) | more than 8 years ago | (#13976974)

No editing skills required. "Point, click, smile".

Thanks for the mention!

Re:Vobbo also allows recording from webcam (1)

TubeSteak (669689) | more than 8 years ago | (#13977101)

Limit Access: limit access to your videos to only your friends and family to prevent unauthorized access
I don't think any of the other alternatives offer password protection for your videos.

Re:Vobbo also allows recording from webcam (0)

Anonymous Coward | more than 8 years ago | (#13978855)

If you're going to record your sex as an online live porno, you may want to keep it away from strangers.

Re:Vobbo is Better! (1)

Rick Richardson (87058) | more than 8 years ago | (#13977026)

Won't play mp4 shot with Sony DSC-M1.

Next.

Re:Vobbo is Better! (1)

Monkelectric (546685) | more than 8 years ago | (#13978371)

If its all the same to you, can I sit this revolution out? :) I did all the other ones and im just a bit tired of all the revolving.

Can we have more "cool" product names in the post? (1, Insightful)

drgonzo59 (747139) | more than 8 years ago | (#13976961)

Let's see, we got:
YouTube
Flickr
Sequia Capital
VC
Yahoo
Google
PayPal
Revver

The only ones I know are Google, PayPal and Yahoo what are the other ones? Anyone care to explain?
Is it just me, or is there anyone else who is confused. Without knowing what those products/brands are it is impossible to understand the post.

Anywhere else... (1)

s-twig (775100) | more than 8 years ago | (#13977035)

if those names were used in the same paragraph as $3.5M, you'd swear it was a money laundering operation.

Re:Can we have more "cool" product names in the po (1)

pHatidic (163975) | more than 8 years ago | (#13977084)

VC stands for venture capitalist and Sequoia is the most famous silicon valley VC firm specializing in technology (Flatiron is probably the most famous east coast one).


Flickr is pictures with tagging.


Revver I've never heard of, but I'm not really into online video yet.

Explained (4, Informative)

TubeSteak (669689) | more than 8 years ago | (#13977086)

VC = Venture Capital = money to do stuff with

Sequia Capital = Company that gives out VC if you beg enough

Flikr = Photo sharing site that allows you to tag pictures in your gallery according to their content - this makes them easily searchable -

Yahoo: Yahoo bought Flikr a while ago

YouTube = video version of Flikr, UL your vids & tag them
http://www.youtube.com/profile_videos.php?user=cha irdiving [youtube.com]

Revver = same thing as YouTube
http://www.revver.com/video/2367/ [revver.com]

Revver != YouTube (0)

Anonymous Coward | more than 8 years ago | (#13977626)

Revver actually tries to give money back to video creators by giving them a 50:50 cut of the advertising revenue, YouTube doesn't do anything like that, in fact, none of the "Flickr of Video" sites do, Flickr doesn't even do it.

I still don't really get Flickr (2, Insightful)

DavidNWelton (142216) | more than 8 years ago | (#13977782)

I put my photos up on the web, and give each one a description. For instance:

http://www.dedasys.com/photos/padova_inverno/ [dedasys.com]

and you know what? People can find them just fine with google or google image search. And I get the adsense revenue myself. It's not much - maybe enough for a pizza for my wife and I every now and then, but hey, I'm not complaining.

So... what's so "fantastc abot Flickr"? Sure, it's nice for those who don't have their own web hosting space... I'm not trying to say it's bad, but I don't get the hype.

Re:I still don't really get Flickr (1)

bartle (447377) | more than 8 years ago | (#13980158)

The cool thing is that all the photos are searchable by keyword. So during Hurricane Katrina, for example, one could easily browse through Flickr and get a large array of images people had taken of the storm and its afteraffects. Doing a regular Google image search will often return the same published AP pictures over and over. The photos you took and placed on your custom website would likely not rank high enough to be seen.

Re:Can we have more "cool" product names in the po (1)

dr.badass (25287) | more than 8 years ago | (#13977113)

Without knowing what those products/brands are it is impossible to understand the post.

You might consider the possibility that if the post doesn't make any sense to you, it probably isn't something you're interested in.

For instance, if you don't know that VC stands for "venture capital", you probably don't care when some company you've never heard of receives it. And if you've never heard of Flickr (living under a rock, perhaps?), you probably don't care about companies claiming to be just like them.

Re:Can we have more "cool" product names in the po (0)

Anonymous Coward | more than 8 years ago | (#13977158)

Thank you. I am sick of people's sense of entitlement on this site that every article has to apply to them. If it doesn't or if they don't understand, they throw a fit.

Re:Can we have more "cool" product names in the po (1)

drgonzo59 (747139) | more than 8 years ago | (#13977309)

I guess you are right, this article doesn't apply to me. I was just wondering how many other Slashdotters got confused under the barrage of acronyms/company/brand names. Well, I'll crawl back under my rock now...

Re:Can we have more "cool" product names in the po (1)

TheTopher (879626) | more than 8 years ago | (#13977160)

Judging from the context, I believe VC is an abbreviation of "Venture Capital", which seems to be the nature of Sequoia Capital...

Re:Can we have more "cool" product names in the po (1)

Igarden2 (916096) | more than 8 years ago | (#13977873)

I find myself going to Google or Wikipedia frequently to decipher the alphabet soup I find here. I guess that's the price I pay for cruising geekdom.

business model? isn't it obvious? (3, Interesting)

idlake (850372) | more than 8 years ago | (#13976992)

Their business model is obviously to be acquired by Yahoo!, Google, or Microsoft.

Re:business model? isn't it obvious? (1, Interesting)

Anonymous Coward | more than 8 years ago | (#13977102)

What about eBay? I'd rather have an embedded video in my auction than a Skype link...

--
ac

Clippy helped! (2, Insightful)

Anonymous Coward | more than 8 years ago | (#13976994)

/ You seem to try to fund your project.   \
| Mmh, it seems that your project doesn't |
| give any money! Fuck off and ask those  |
\ hippie money spoiling firms!            /
        \     ____
         \   / __ \
          \  O|  |O|
             ||  | |
             ||  | |
             ||    |
              |___/

The flickr of video? (2, Insightful)

hubbah (635375) | more than 8 years ago | (#13976995)

Why can't flickr be the flickr of video?

A large part of succeeding in this space will be about technology - there are storage and bandwidth issues aplenty. But if your users need to find someone who thinks prancing around the room with their polka-dot boxers on their head is funny or artistic or... original, they'll need community. And flickr has succeeded in building a community around images, where many others have failed. It's no small feat.

- Hubbah

Re:The flickr of video? (1)

blankoboy (719577) | more than 8 years ago | (#13977224)

Why can't google come out with a better alternative to flickr? Oh wait, google video...but no photos =( Why do I need a freaking Yahoo ID to sign up for flickr.

How dos VC works? (1)

bubulubugoth (896803) | more than 8 years ago | (#13977029)

This is an offtopic, but.. I really dont know.

It seems that lots of money, since Venture Capital is high risk capital, but at the same time, high return of invesmet, if the bussines model takes off..

So far, as a stakeholder, shouldnt Ive concerned about having the same VC at 2 competing brands: Take Yahoo and Google.

With money being a very powerfull weapon for corporative control, should Sequoia cannot be using inside information and just plain playing with the market?

Is this ethical? Doesnt this presents a confict of interests?

How does a VC works, so this doenst happens?
Arent VC regulated?

Re:How dos VC works? (2, Interesting)

FireballX301 (766274) | more than 8 years ago | (#13977055)

Hi. I'm a Venture Capitalist. I talk to you for a bit and decide you're worth my investment.

You now have a bunch of money from me, but you have either a debt obligation to me or have given me convertible stock options. I also play a role in your Board of Directors.

You have about 6 years to give me a return on investment before I pull the plug. In the meantime I will work towards your benefit because I want my money back.

After I pull out by converting and selling stock or calling in my debt, you should be a thriving company and I will have reaped a decent return on investment GIVEN that I did my job properly.

Here's the thing, though. youTube and Reever are theoretically competing entities. However, any schmoe can put down a few million on both. What that schmoe CANNOT do is take action based on insider information or engage in deliberate corporate espionage, and if the schmoe is a bit too friendly to one, the other will see him as a hostile investor. Think hostile takeover.

Um, VCs don't loan money (1)

Sanity (1431) | more than 8 years ago | (#13977609)

but you have either a debt obligation to me
VCs invest capital in ventures in return for a portion of the business, banks lend money.

Re:Um, VCs don't loan money (1)

Fnkmaster (89084) | more than 8 years ago | (#13977970)

Please don't share your opinion when you don't know what you are talking about. VCs use convertible debentures, preferred shares, and convertible preferreds regularly. VCs love to use instruments that give them liquidation preference (debt) as well as upside (equity) as long as they can get both without paying a premium for it.

liquidation prefs are NOT DEBT (0)

Anonymous Coward | more than 8 years ago | (#13985151)

liquidation prefs aren't debt - they are tied to the seniority and status of the preferred shares. unlike debt, in a subsequent round liquidation preferences can be wiped out completely. the same cannot happen with a lease line or a loan from the bank. if the company doesn't pay back the loan the bank can take a lien on the IP and other assets of the company. the same does not apply with liquidation prefs.

Preferred shares (as referenced in the above post) are ABSOLUTELY not debt.

there are other legal issues with debt as opposed to equity in terms of liabilities, control, etc. VCs invest to get control. another reason that the above post is an incorrect statement is that the limited partners of VCs (the institutions that give money to VCs) specify that the capital is to be used to purchase equity, and a very small amount may be specified to be debt. they do not want VCs to be banks.

  some firms may use a convertible note but the intention is that it eventually gets converted into equity in a financing round or an exit.

as a corollary, you can see that there have been specialized "VC debt funds" which are not real VC funds. These funds do not take equity or control, but instead provide debt to a company (and not in the form of preferred shares). the existence of these is predicated on the fact that VC firms do NOT provide debt.

i'm a vc and i've been on the other side of a term sheet three times. the above poster is both rude and informed (the worst combination).

     

Re:liquidation prefs are NOT DEBT (1)

Fnkmaster (89084) | more than 8 years ago | (#14038110)

Perhaps I was in a grumpy and curt mood when I posted that, but your attitude is no better. You are both wrong and misleading (in that I never said preferred shares are debt). Perhaps like most VCs, you don't have the patience or requisite brain cells to read more than a 1 page executive summary. Clearly I should have said "like debt" and "like equity" to be more clear. Or maybe you are just intentionally misreading to be argumentative?

Liquidation preference is a debt-like seniority feature that is a part of most preferred shares. Bank debt is going to be senior to preferreds in a liquidation, of course. And interest on debt is non-deferrable (failure to pay leads to default and all the consequences thereof), unlike preferred dividends. Re: conversion features, most preferreds used by VCs have conversion terms of some sort in them. I guess I had to say all of that to clarify. My original point was of course that VCs want upside and control along with as senior a status in a company's capital structure as they can get.

Oh, and as you reference yourself, convertible notes are often used for seed stage investments by angels and very early stage VC firms, to avoid attaching a fixed valuation to a firm that's too early to accurately value. Though you are right that handing out debt isn't the primary purpose of a VC firm, I never said it was.

BTW, I have been an entrepreneur (and raised capital from VCs in three separate rounds) and have done private deals at a hedge fund, though I principally invest in public equities.

Wow! (1, Funny)

aywwts4 (610966) | more than 8 years ago | (#13977096)

They have just craploads of... Crap!

Surely this is the business model of the future!

Re:Wow! (1)

jrockway (229604) | more than 8 years ago | (#13977140)

Sure. If by "future", you mean "right now".

I mean -- the overproduced crap that the RIAA and MPAA spew out right now is, by definition, crap. I'd at least like to see crap that's original, and made by someone who makes it because they like to, not because advertisers tell them to, or because they'll be really Rich And Famous.

Re:Wow! (1)

torpor (458) | more than 8 years ago | (#13977380)

yeah .. i mean .. its like soooo exciting watching someone's video of laundry being trampled on by repugnant little mutant dogs. over and over.

sheesh .. these sites have everything except .. a reason for such fame. what they need to do is find rogue sites of independent artists [ampfea.org] and somehow lure them into producing something .. actually interesting .. something actually worth watching ..

but, then again. we have been seeing a lot of 'media studies' majors over the last 5 to 10 years .. these people, even the dropouts, have to be producing something interesting.

or, are these so-called 'services' just a diversionary tactic away from the underground [uselessjunk.com] , try to nip it in the bud before a 21st century rock star emerges from the inky depths of the 'net ..

Revver Site Probs (1)

TubeSteak (669689) | more than 8 years ago | (#13977110)

[Failure instance: Traceback: nevow.stan.NodeNotFound: The pattern named 'content' wasn't found in the template. /home/dotz/lib/python2.4/site-packages/twisted/int ernet/defer.py:316:_continue /home/dotz/lib/python2.4/site-packages/twisted/int ernet/defer.py:277:unpause /home/dotz/lib/python2.4/site-packages/twisted/int ernet/defer.py:358:_runCallbacks /home/dotz/lib/python2.4/site-packages/nevow/flat/ twist.py:26:cb --- --- /home/dotz/lib/python2.4/site-packages/nevow/flat/ twist.py:17:drive /home/dotz/lib/python2.4/site-packages/nevow/flat/ ten.py:87:iterflatten /home/dotz/lib/python2.4/site-packages/nevow/flat/ flatstan.py:190:ListSerializer /home/dotz/lib/python2.4/site-packages/nevow/flat/ ten.py:74:serialize /home/dotz/lib/python2.4/site-packages/nevow/flat/ ten.py:65:partialflatten /home/dotz/lib/python2.4/site-packages/nevow/flat/ flatstan.py:245:RendererSerializer /home/dotz/lib/python2.4/site-packages/nevow/flat/ flatstan.py:226:FunctionSerializer /home/dotz/lib/python2.4/site-packages/nevow/rend. py:406:rend /home/dotz/lib/python2.4/site-packages/nevow/loade rs.py:244:load /home/dotz/lib/python2.4/site-packages/nevow/query .py:86:onePattern ]
teething problems?

Site is working normally now, but I figured some of the /nerds might find this peek into their python interesting

How do we make money? (2, Funny)

Time Doctor (79352) | more than 8 years ago | (#13977172)

Here at YouTube, we get a lot of satisfied customers, and some of them ask us how we stay in business and give away free bandwidth.

The answer is simple, volume.

Re:How do we make money? (1)

nicklott (533496) | more than 8 years ago | (#13977390)

Volume of what though? 100000000000 * 0 is still 0.

How *do* they make money?

Re:How do we make money? (2, Informative)

Time Doctor (79352) | more than 8 years ago | (#13977433)

This joke was a reference to an old saturday night live episode wherein Phil Hartman explains that the customers at "Change Bank", a bank where all they do is give you change for other denominations of money makes money via "volume". Of course now that I've explained the joke it is no longer funny, you insensitive clod.

Re:How do we make money? (1)

nicklott (533496) | more than 8 years ago | (#13977936)

What ees this "saturday night live"? Who is Phil Hartman? Why wasn't he funnier?

Anyway, still no-one answered the question... If you're going to put $3.5 million you're going to want it back at some point, so how are they going to make money?

Re:How do we make money? (1)

flyinwhitey (928430) | more than 8 years ago | (#13978043)

Ideally by building this into a thriving business, then selling the stock (or other investment vehicle) they got in exchange for their capital.

Re:How do we make money? (1)

nicklott (533496) | more than 8 years ago | (#13978619)

"Ideally by building this into a thriving business"

But what's it going to thrive on? A business NEEDS a revenue source, be it only selling advertising space or selling IP to google/yahoo/megacorp. I can't see that from their public facing persona, but then maybe I'm just being dense.

Re:How do we make money? (1)

flyinwhitey (928430) | more than 8 years ago | (#13978872)

Sorry, I misunderstood. I thought you were asking how the VC's make money.

As for how this service makes money, I dunno. Frankly I think the whole "media by amateurs for anyone with enough time to find it" idea is dumb. I have no desire to see other's photos (when did we stop being bored to death by slideshows?) or their poorly produced, grainy, and generally uninteresting videos.

So, again, I don't know how the service will make money. My guess is it won't.

Re:How do we make money? (1)

nicklott (533496) | more than 8 years ago | (#13979154)

Frankly I think the whole "media by amateurs for anyone with enough time to find it" idea is dumb. I have no desire to see other's photos (when did we stop being bored to death by slideshows?) or their poorly produced, grainy, and generally uninteresting videos.

lol, but I really enjoyed the 3 minute video of the view out of the window of some train in holland! ;)

Re:How do we make money? (1)

benizi (694855) | more than 8 years ago | (#13979435)

It wasn't Phil Hartman. It was Jim Downey. Phil was a customer in one, though.

First Citiwide Change Bank sketch I [jt.org] , sketch II [jt.org] . The second ends with the relevant quote.

Sequoia, or as they're better known... (0)

Anonymous Coward | more than 8 years ago | (#13977215)

..The Illuminati! (laugh all you like... history will prove me right.)

Forget the business model, YouTube works.. (1)

Dark Coder (66759) | more than 8 years ago | (#13977258)

Here using Gentoo Linux distros, I manage to view this site as the most Linux-friendly, easy to categorize than most other video sites.

One that caught my attention is the ability to teach oneself in how to dance. Now that is something...

Glow Girl [youtube.com] seems to have it licked doing what I thought was a pretty good rave dance...

Supr.c.ilio.us idiom of the day (1)

wct (45593) | more than 8 years ago | (#13977261)

From here [c.ilio.us] :

flickr of (adj)

Generally used to indicate your company/business/idea is cool and ahead of the curve, yet you have no clue why anyone would use it, or how to differentiate it from the ten other Flicker-of's.

Examples:

  • We're the Flickr of video
  • We're in stealth mode now, but all I can say is, it's like Flickr but for video
  • We're seeing a market void for a Flickr of video

LULOP2 open source video CMS (1)

lulop1 (929404) | more than 8 years ago | (#13977286)

if you want to create your own Flickr of video, you should try LULOP2 open source [sf.net] . Here is a list of available features [lulop.org] . Deveforum here [lulop.org] . LULOP2 is the software that powers LULOP.com [lulop.com] . So, not just Flickr of video, but a professional-grade platform for online video asset management which can be bent to many purposes.

Bad videos... (1)

evenSong (795250) | more than 8 years ago | (#13977293)

Since when were bad videos the new wave of the future (check them out for yourselves)? Without an incredibly large submission base and moderation (some videos are nothing more than people on camera doing nothing), YouTube's current business model can never survive. If Slashdot cannot get it right (how many dupes can you count a month?), what makes Sequoia think YouTube will? Unlike Slashdot, YouTube is video content, which is many cases is more difficult to submit than text (capturing, authoring, bandwidth, copyrights, etc). It will be interesting to see if YouTube lives up. Personally, I believe Google Video will fare much better.

Dumb kid yelling at his war game (1)

tabbser (560130) | more than 8 years ago | (#13977346)

Great, Now I can quickly and easily locate videos of dumb, spoiled kids yelling at their video games (front page).

I heard that the VC community is having a hard time finding something of value to invest in (and hence have hundreds of millions of dollars in uninvested funds), but come on, this site is simply a repository (suppository) of internet junk.

Re:Dumb kid yelling at his war game (1)

PHPfanboy (841183) | more than 8 years ago | (#13980799)

You just don't get it. By funding crap, Sequoia's other web site company investments will look like real diamonds.

Missing the most important thing about Revver (3, Informative)

Sanity (1431) | more than 8 years ago | (#13977636)

The important difference between Revver and the other sites is that Revver allows the creators of videos to earn money. They do this by giving video creators a 50:50 cut of the advertising revenue generated from the ads attached to that user's video. This approach is unique among the various "Flickr of Video" sites, and is pretty unique across other forms of media too.

This is very important, particularly if you consider the growing frustration of video creators as these websites make money from their creativity without rewarding them (see http://ebaumsworldsucks.com [ebaumsworldsucks.com] for a good example of this frustration).

picsFolio already does this for video blogs (0)

Anonymous Coward | more than 8 years ago | (#13977676)

Hey I've seen something like this before at picsFolio.com, but it's more for your video blog versus just a video posting site. They do have a pretty decent video directory setup though, and it makes it easy to add videos to your blog or even share them online.. Pretty similar if you ask me..

http://www.picsfolio.com/ [picsfolio.com]

Hope it does better than Trepia (1)

popeydotcom (114724) | more than 8 years ago | (#13977840)

Trepia [slashdot.org] - the 'iChat on crack' geograpically-based instant messenger - was co-started by the same [jawed.com] guy [jawed.com] as YouTube [youtube.com] .

Trepia never really got going. Partly due to a small userbase (compared with every other IM), windows-only client (it *just* worked under WINE), and pretty poor location detection (you had to tell it where you are).

Looks like Meetro [meetro.com] are taking over that spot, although I note they don't have non-windows clients either.

Why Youtube like services went bust in the past (1)

divadwg (851219) | more than 8 years ago | (#13977913)

When Adcritic, which has similar growth to Youtube, went under the popular conclusion was that the cost of bandwidth was too high and that nowadays with cheaper bandwidth, this business model works. Adcritic had videos of ads - the argument was that they wouldnt get sued cos advertisers are happy if people watch ads. But they did - cos the middle men who arrange royalty payments to actors in ads felt threatened and put a spanner in the works. When an ad is being aired all the royalty payments are sorted, but if you show it months later then unless you can arrange a byzantine web of payments yourself (which is not viable for Youtube) you are as vulnerable as adcritic, no matter how cheap your 2005 bandwidth. Much of Youtube's content is user generated, but most of this is crap, the most viewed items are non user generated clips that Youtube does not have the rights for and some of these are memes like the matric ping pong clip that have been doing the rounds of the web for years. The answer to whether Youtube's impressive growth is sustainable, will depend not on whether they have volume, as they say, but whether the volume contains anything othr than a vacuum. That will depend on whether new memes and quality content are supplied by cellphone captured video. The jury is still out on that one.

Ugh, more clones. (1)

AIX-Hood (682681) | more than 8 years ago | (#13977916)

The big problem with all of these video sites, which you don't seem to see with the photo ones, is that all they ever do is steal videos from each other and slap their own website url on the video. ebaumsworld, big-boys, collegehumor, etc etc.. I can't remember the others, but there's TONS. Now there's google video and these other guys. I've seen a mass amount of copyrighted video being hosted by all of them also. ebaumsworld and somethingawful had a forum invasion war just this last month because ebaums took tons of the photoshop phriday contest content and put it up on their own site after slapping their name on it. How many more of these sites do we need? Bandwidth is cheap.. I get it already.

Great! (1)

InsaneProcessor (869563) | more than 8 years ago | (#13978266)

Great! More useless web content. I am going to waist a couple of hours of my time at work watching someone elses crap on the internet.

Spectacular idea!

Lets not forget Vimeo (1)

everyplace (527571) | more than 8 years ago | (#13978788)

Vimeo (a side project from the minds behind collegehumor.com etc) is another video sharing site that often gets mentioned amongst these sites. Most recently it was mentioned in the nytimes article about the same subject. I've had really amusing experiences with the software, both in it's ease of sharing videos and discovering others. Flickr integration too! You can't argue with that.

Like the networks (0)

Anonymous Coward | more than 8 years ago | (#13978797)

Watching these things are still a monumental waste of time.

If you think YouTube is cool, (1)

johnrob (790519) | more than 8 years ago | (#13979284)

Wait until YouBoob launches! It won't raise any VC, but it will make a lot more money.
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