Harshdeep 2.0

November 11, 2006

Youtube – Best invention of 2006.

Filed under: Uncategorized — harshdeep @ 8:25 pm

The Time magazine has selected Youtube as the best invention of this year. Founded by three former PayPal employees in 2005 to make video sharing as simple as image sharing, Youtube has developed a cult around itself. Here is an AJAXy timeline of Youtube’s history.

YouTube is ultimately more interesting as a community and a culture, however, than as a cash cow. It’s the fulfillment of the promise that Web 1.0 made 15 years ago. The way blogs made regular folks into journalists, YouTube makes them into celebrities. The real challenge old media face isn’t protecting their precious copyrighted material. It’s figuring out what to do when the rest of us make something better. As Hurley puts it, “How do you stay relevant when people can entertain themselves?” He and his partners may have started YouTube, but the rest of us, in our basements and bedrooms, with our broadband and our webcams, invented it.

Thanks to this huge and dedicated community, Youtube has been able to sustain itself, and according to some, even earn astounding amounts of money on advertisements alone.

This is also the reason why Google bought Youtube for $1.65b in spite of having a competing service, Google Video, that had everything but the community.

Here are the rest of the inventions in Time’s this year’s list.


1 Comment »

  1. I thought Youtube had been around longer than that! They definitely deserve the prize. It’s gotten so popular among my friends lately.

    Comment by Tina — November 12, 2006 @ 6:44 pm

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