YouTube: The New Hollywood

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May 1

YouTube: The New Hollywood

Know More: Capital Sources, Companies, Deal Makers, YouTube 2.0, Capital Sources

Fred Wilson refers us today to Chartreuse who points out that YouTube is becoming the New Hollywood.

I love YouTube. Not because of all the worthless, unentertaining drivel posted there, but for the technology that allows a person to create something interesting, timely and worthwhile and publish it--immediately.

Saturday night, I shot some interviews with some young people attending the Global Night Commute in support of Invisible Children, an organization led by American youth seeking to help Uganda's youth. (See the video here.)

The filming took about 30 minutes at 10:00 PM. Editing took about an hour. By 1:00 AM the film was uploaded and playing on YouTube. No satellite uplink, no sound stage, no production crew.

YouTube may not be the leading consumer driven video site in a few years or even a few months, but the innovation it leads will change the web. Soon.

Only to make the point that things are moving quickly, I share a video clip posted by venture capitalist Fred Wilson:

Four Fellas Play Come Together on Vimeo I am selling an item on eBay right now using a Vimeo video. I regularly post video, typically from YouTube on my blog. I'm organizing a family reunion for which I not only created a simple web page but recently added--you guessed it--some home made video. I see video on blogs and other web sites more and more often.

Of YouTube, On February 20, I wrote that "this is going to be big."
I stand by my prediction!

Big makes room for lots of entrepreneurship. Think about all the businesses in and around eBay (eBay Inc.--Nasdaq: EBAY). eBay is not just a business--it's an industry.

related entries

Sriram Viswanathan of Intel Predicts Mobile Media Will Have Internet Scale Impact Oct 22, 2006
Damon Kirchmeier on Winning Sep 18, 2006
75 Posts to Read Before You Talk to A VC Sep 11, 2006
Thanks Aug 3, 2006
New VC Blogger on the Block Aug 2, 2006

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