YouTube Killer Gets $100M in Funding(mashable.com)
mashable.com
YouTube Killer Gets $100M in Funding
http://mashable.com/2007/08/09/youtube-killer-funded/
32 comments
Providence Equity Partners? $100m? This doesn't sound like a startup. And that means they won't get startup quality people to work on it. And that means they are doomed.
Doomed? No way! They'll get the very best consultants money can buy to build an enterprise solution that will leverage their strategic advantages.
It'll be enterprise!! It can't possibly fail, and I'm sure they have the powerpoints to prove it.
(having worked for banks/government... I can imagine how the $100 million will be spent... and I can only laugh).
It'll be enterprise!! It can't possibly fail, and I'm sure they have the powerpoints to prove it.
(having worked for banks/government... I can imagine how the $100 million will be spent... and I can only laugh).
lol, I can picture it as well... it brings to mind that memorable quote from the movie Contact:
"What's the first rule of government spending...? Why buy only one when you can have two for twice the cost?"
This entire venture feels like the startup equivalent of Gigli: it seemed ridiculous before it was released, and even more ridiculous afterwards.
"What's the first rule of government spending...? Why buy only one when you can have two for twice the cost?"
This entire venture feels like the startup equivalent of Gigli: it seemed ridiculous before it was released, and even more ridiculous afterwards.
This is where NBC and Fox's content is going to be available online, so this company with no name will not be going away, unless it collapses before the launch. In the long term, the advertising revenues from NBC and Fox's online video should be very respectable.
As long as the shows are free to watch, it won't be a disastrous failure because there aren't many places to easily and legally watch online network TV. The best way to compete with piracy is to give your media away. If they insist on charging for everything, it'll fail.
As long as the shows are free to watch, it won't be a disastrous failure because there aren't many places to easily and legally watch online network TV. The best way to compete with piracy is to give your media away. If they insist on charging for everything, it'll fail.
Large corporations are not entrepreneurial, it's not in their nature. They're already throwing government-like money at it.
Large groups of people aren't good at entrepreneurship. That doesn't mean a large corporation can't give a small group of people autonomy to go off and do their own thing. You don't get all of the benefits of being a startup, but you still get some of them.
But yeah, this is definitely going to fail.
But yeah, this is definitely going to fail.
Microsoft is a large corporation..Go ask Netscape , Wordperfect ,Lotus 1-2-3 etc whether Microsoft is entrepreneural or not.
I'm not sure those are examples of entrepreneurship as much as ruthless competitiveness. At least one of those defeats was proven to be done illegally. They're all over a decade old.
You ask Google, Apple, and Ubuntu whether Microsoft scares them.
You ask Google, Apple, and Ubuntu whether Microsoft scares them.
I think he was being facetious.
I actually was not. Whether or not you approve of MSFT's tactics, you really can't accuse them of not being able to respond to market challenges.
Google may not be scared of them, but I would personally rather take my chances against NBC (for example) than go head to head with MSFT.
In that case I agree with staunch, I don't think we share the same definition of entrepreneurship.
You know, if they keep giving YouTube free advertising, they'll never kill it. Just look at cereal killers.
Fluuuuush.
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