Media Tech live blog – exec admits Google moved too slowly on YouTube and MySpace

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Another top question at the Media Tech summit (background here and here) was ‘which is the best investment you have missed.’

The panellists gave some great answers with Anil from Google essentially acknowledging that the company should have been much quicker at spotting the potential of YouTube.

Ben Holmes from VC firm Index relayed an anecdote of how a VC had a meeting in Switzerland with an entrepreneur who had showed a website with a line you could click on to connect to another site. ‘It looks interesting said the VC – but what is the business model?’ Basically the VC had written off the World Wide Web.

Anil from Google admitted that ‘looking back we could have done deals earlier that would of have cost us a lot less. Then we wouldn’t have the tag of paying billions of dollars for companies. We would like to have identified YouTube and MySpace earlier in their growth cycle.’

He also acknowledged that ‘YouTube got the community aspects of video much more than we did.’

Finally in what scored the biggest chuckle of the day Yahoo’s Jonathan Wolf admitted that the key companies his company had missed out on were eBay and (cue huge guffaws) Google. [Ashley Norris]

Katie

8 comments

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  • Silly CEO rRabbits~!
    “Technology Convergence: It’s Not Just for Kids Anymore…Today, corporations are playing catch-up with consumer-driven technology, communication tools, and collaboration solutions. Unlike their children, most executives are unfamiliar with short message service [SMS], instant messaging and presence technologies.”

    WEB 3.0 (NEW YORK CITY) USA – CHINA 2007: THE IT FUTURE – Video Search, Social Ranking, Convergence…Artificial Intelligence~!
    “谁是天津的冠军?今天,你将成为天津真正的冠军!”
    https://www.xing.com/app/forum?op=showarticles&id=2994813#2994813

    Richard Baecher 贝瑞淇 Bei Rui Qi
    Google Me~! “Dr.openBC/XING”
    “I’m Fully Uploaded & Totally Blogged-OUT~!”

  • Silly CEO rRabbits~!
    “Technology Convergence: It’s Not Just for Kids Anymore…Today, corporations are playing catch-up with consumer-driven technology, communication tools, and collaboration solutions. Unlike their children, most executives are unfamiliar with short message service [SMS], instant messaging and presence technologies.”

    WEB 3.0 (NEW YORK CITY) USA – CHINA 2007: THE IT FUTURE – Video Search, Social Ranking, Convergence…Artificial Intelligence~!
    “谁是天津的冠军?今天,你将成为天津真正的冠军!”
    https://www.xing.com/app/forum?op=showarticles&id=2994813#2994813

    Richard Baecher 贝瑞淇 Bei Rui Qi
    Google Me~! “Dr.openBC/XING”
    “I’m Fully Uploaded & Totally Blogged-OUT~!”

  • Silly CEO rRabbits~!
    “Technology Convergence: It’s Not Just for Kids Anymore…Today, corporations are playing catch-up with consumer-driven technology, communication tools, and collaboration solutions. Unlike their children, most executives are unfamiliar with short message service [SMS], instant messaging and presence technologies.”

    WEB 3.0 (NEW YORK CITY) USA – CHINA 2007: THE IT FUTURE – Video Search, Social Ranking, Convergence…Artificial Intelligence~!
    “谁是天津的冠军?今天,你将成为天津真正的冠军!”
    https://www.xing.com/app/forum?op=showarticles&id=2994813#2994813

    Richard Baecher 贝瑞淇 Bei Rui Qi
    Google Me~! “Dr.openBC/XING”
    “I’m Fully Uploaded & Totally Blogged-OUT~!”

  • Here’s a clue to the next big thing Google can buy. Free Instant Video Email.

    http://www.freegabmail.com

    This is going to take video communication to the next level. It has a threading feature called GabJam that’s unbelievable. An unlimited number of participants can Jam by adding videos to the thread. Anyone with a link to the thread can see all the videos and instantly add their own.

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