October 10, 2006
buyout
It's hard to not comment on the YouTube buyout. This company has been burning through cash like it is growing on trees. I haven't seen any proof of a solid revenue model other than selling ad space. The company is built on an open platform that doesn't do a very good job with protecting copyrights. (It raises a question, how can a open system like this keep copyright infringement from occuring.) YouTube also doesn't have the loyalty factor as its continuous crackdowns have proved. Furthermore, it is simply a middle step to how entertainment mediums are evolving. I don't know sure which hole the finance department was drinking when it came up with the number, $1.6 billion.
I love YouTube but it ain't worth that much. I was surprised at how little the physical company size was. It has less than 70 employees. That's very good.
I can't wait to see how it plays out. This is better than TV.
Posted by azileretsis at October 10, 2006 11:34 PM
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