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YouTube co-founder set to launch a new video-based business

Chad Hurley, YouTube co-founder, ready to launch new video-based business.

@anthony256
Published Tue, Mar 12 2013 1:30 AM CDT   |   Updated Tue, Nov 3 2020 12:24 PM CST

Chris Hurley, co-founder of YouTube, is looking at getting back into the video website business after selling his video streaming site to Google for a nice $1.65 billion. Hurley has now begun teasing his new venture, where he said during a Q&A session with Digg founder and Google Ventures partner Kevin Rose: "I wish [South by Southwest] was a month later because I could unveil the new product."

YouTube co-founder set to launch a new video-based business | TweakTown.com

He didn't go into much detail, but added that the new product is "primarily video-based...and gives flexibility for people to work together and create content." It looks like we should expect a next-generation YouTube, and that's not a bad thing at all. Digg founder Kevin Rose asked him if that was his intention, where he responded with: "We're not setting up to [kill YouTube]-now. There's always going to be a place for YouTube." His intention, instead, is to create a platform better suited for collaboration."

NEWS SOURCES:adweek.com, techspot.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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