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May 1
YouTube: The New Hollywood
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
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Mar22
You're In Good Company

no.jpgToday I took a client to talk to three different venture funds.  While none of the funds told us to hit the road and not let the door hit us on the way out, only one (thank heavens for the one) was genuinely encouraging about moving to "next steps."

This evening I read the Business Week Deal Flow blog post on Bessemer Venture Partners' recent addition to its web-site--its "anti-portfolio"--the companies it had the opportunity to invest in and didn't.  Their list includes little successes like:

    • Apple Computer
    • eBay
    • Federal Express
    • Google
    • Intel
    • Intuit
    • Paypal

Let's all remember to take a little comfort in the knowledge that even smart people sometimes guess wrong.  When an entrepreneur hears "no" from a venture capitalist, she's in good company!

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