Recently I attended a USC event billed as “An Evening with Chad Hurley, CEO and Co-Founder of YouTube.” While the evening amounted to an hour, the time was sufficient to cover the past, present, and future of this frontrunner exhibition site. Hurley, in town for the Streamys, the (second) annual awards ceremony honoring the best web videos, was interviewed by Jimm Wiatt, USC grad and former Chairman and CEO of the William Morris Agency.
Introduction
“Real people don’t watch movies on laptop – only students,” 32 year old Hurley informed the crowd of 100, mostly students. “Hulu has hype but not the views, compared with us.”
Past – A mere five years old
Hurley birthdates YouTube’s invention to February 14, 2005 when he registered the name from his garage. In launching the site, he and co-founder Steve Chen “were looking for a way to make it easy for ourselves to share videos with friends and family.” Within months, venture capitalists were sniffing around and Google starting inquiring. In October 2006, Google purchased YouTube for 1.65 billion. “We had 67 people,” Hurley shared. “Google brought machines, money, and people but we have freedom and our own office space. At the end of the day you’re only as good as the team you assemble.”
Present
Google acquisition – merging of cultures – slowed us down but now we’re picking up speed. Chad Hurley
Over 100 million people view 62+ videos/month on YouTube. But, Hurley readily admitted, “Our site’s a mess. We’ve been working on tuning algorithms to help people search. We want to give more of a lean back experience. We’re looking at Twitter, FB, and other sites. We may organize by favorites or have sports section. He added that they are moving toward a feed – like Twitter and FB – and that they want to “figure out ways to best help people organize their experience.”
Competition
Everything is competition to Hurley. “There’s a lot more stuff to do today: FB, TV, iPad, video games, cell phones, etc. Hopefully they choose us to kill their time.”
Net neutrality controversy
I hadn’t heard this term. Found out it means that Internet service providers should be neutral – not speed up or slow down the flow of data from the websites you access, for example make Hulu downloads fast than YouTube. I also didn’t know it is a controversial subject. April 6 a federal appeals courts made a major ruling in a Comcast case that has muddied the waters even more. Hurley’s position? “YouTube would like the Internet to remain free and has pulled for everything.”
Copyrighted content
An audience question prompted this response from Hurley: “It’s difficult to protect copyrighted material. YouTube sets community guidelines and policies and has developed tools to ferret out rule breakers out e.g. porn. Every piece of content that is uploaded is copyrighted. We have created a form that allows people to identify unauthorized content.”
Stay tuned for Part 2, which covers Hurley’s view of the future and my takeaways from the discussion.
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