Fred Wilson calls for everyone to stop hating YouTube.
I’m certainly not a YouTube hater- it won my Web 2.0 Wars series. And I agree with Fred that the neatest stuff on YouTube is not the “pirated” stuff that maybe shouldn’t be there. It’s the user-created stuff.
But, but, but…
I think the absurd valuations that all of these bubble blowers are trying to associate with YouTube depends in large part on its ability to serve a lot of “pirated” content.
I think we have to make a distinction between people who dislike YouTube in and of itself and people, like me, who only dislike the wildly overinflated valuations that the circus barkers yell at us from inside the greater-fool tent.
YouTube would be a great site, community and service if it didn’t have one clip of pirated content.
But it does. The ironic thing is that most of the content producers weren’t really complaining.
Until some dumbass started squawking about how many billions of dollars YouTube is worth.
Why not just sit back and let YouTube try to come up with some revenue streams and then ask them how much money they make?
The answer, of course, is impatience, greed and the complete lack of scale.