YOUTUBE — Series A deck, August 2005 (Sequoia-format 10 slides; round closed
November 2005, $3.5M). Transcription note: cleaned OCR transcript from slide
images; statements verbatim.

Broadcast Yourself.

Company Purpose:
To become the primary outlet of user-generated video content on the Internet,
and to allow anyone to upload, share, and browse this content.

Problem:
Video files are too large to e-mail.
Video files are too large to host.
No standardization of video file formats.
Videos exist as isolated files.

Solution:
Consumers upload their videos to YouTube. YouTube takes care of serving the
content to millions of viewers.
YouTube's video encoding back-end converts uploaded videos to Flash Video.
YouTube provides a community that connects users to videos, users to users,
and videos to videos.

Market Size:
Digital video recording technology is for the first time cheap enough to
mass-produce and integrate into existing consumer products.
Broadband Internet in the home has finally reached critical mass, making the
Internet a viable alternative delivery mechanism for videos.

Competition:
OurMedia.org, Open Media Network, Google Video.
PutFile, DailyMotion, Vimeo.

Product Development:
Community. Open architecture.
Target vertical markets with a need for video content.
Features currently in development.

Sales & Distribution:
Advertising.
Act as a for-pay distribution channel for promotional videos.
Charge members for premium features.
Charge viewers for premium content.

Team:
Steve Chen: recruited by Max Levchin as one of PayPal's first engineers;
University of Illinois, Computer Science.
Chad Hurley: PayPal's first designer, responsible for PayPal logo, main
features, and design.
Jawed Karim: CS graduate student at Stanford University; recruited by Max
Levchin as one of PayPal's first engineers; University of Illinois, Computer
Science.

Metrics:
Launched June 11th. Has already overtaken all previously existing competitors
and is now the dominant player in this space.