Right now, no single video streaming player platform works universally across all computer operating systems. And yet there exists a huge need for one. Site surfers want Internet content to stream as effortlessly as TV or Radio. Software design companies know this.
That means there is a monster battle raging on the Internet for companies to achieve that goal. Hundreds of millions of site surfers and billions of dollars in revenue await the winner. How big is this? Imagine the Beta vs. VHS wars of the early 1980’s, coupled with the fury of the Space Race of the Cold War, all combined with the American Continental Railroad Wars of the early 1860’s. Mix it all together with the North and South American Continent land grabs of the Eighteenth through Twentieth centuries, and you have some idea of what’s at stake here. If YouTube.com can prove to its investors that its software can survive millions of uploads and millions of hits, per month, without major glitches, then by gosh, YouTube.com may have a winner.
Founded in February 2005, by early commerce pioneers of PayPal, YouTube is a consumer media company for people to watch and share original videos worldwide through a Web experience. Prior to YouTube, there was no easy way for individuals to share video on the Web. Dealing with hundreds of multimedia formats, massive file sizes and difficult uploading methods made sharing personal video clips on the Web a daunting task for even the most tech-savvy individual.
With its revolutionary technology, YouTube has given people the ability to easily, upload, tag and share video clips through YouTube.com, across the Internet, and through email as well as to create their own personal video network. With over 25 million videos served up daily and investment support from Sequoia Capital, YouTube is set to become the Internet’s premier video service. So sayeth the founders of YouTube on their website.
