4 ms·
This thing of running a company into debt while growing userbase until someone figures out how to make money out of it is certainly not part of the culture. Th
by Uberphallus 6y ago
This thing of running a company into debt while growing userbase until someone figures out how to make money out of it is certainly not part of the culture.
That's what gave YouTube an edge over DailyMotion, they were pretty 50/50 in popularity in Europe before Google stepped in to monetize the thing. I certainly remember uploading videos to both platforms.
- bsder 6y ago> That's what gave YouTube an edge over DailyMotion, they were pretty 50/50 in popularity in Europe before Google stepped in to monetize the thing. YouTube was flaming out until the boardroom backscratch between Sequoia and Google bailed them out. YouTube was burning several million dollars a month on bandwidth and was facing down billions in legal fees--both of which were rapidly increasing. It was going to be bankrupt before the buyout. The buyout meant that Google could subsidize YouTube for a very long time. It's also not at all clear that we wouldn't be better off if YouTube had actually gone bankrupt.