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January 3, 2007

by Richard Waters
Richard Waters

Shake-out begins for YouTube wannabes

Looks like YouTube’s soaring popularity has left some of its rivals - and their venture capital backers - wondering if it’s game over for other online video start-ups.

According to these reports from CNET and Matt Marshall, founders of two of the better-known video sites - Revver and Guba - have quit in recent days. Most telling was this comment from Tom McInerney, who stepped down as CEO of Guba (a site which had established enough credibility late last year to forge a content deal with Warner Bros):

"I think we can all acknowledge that YouTube has won the big prize."

January 3rd, 2007 in Uncategorised | Permalink

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