YouTube has had its share of competition over the years. Companies like Vimeo and DailyMotion (plus copyright lawsuits and crushing overhead costs) led Chad Hurley and the video-sharing site's co-founders to sell YouTube to Google. More recently Hulu and others have entered the fold. Soon Hurley, who left Google/YouTube in 2010, will launch a potential new rival.
"I wish [South by Southwest] was a month later because I could unveil the new product," Hurley said during a Q&A with Digg founder and Google Ventures partner Kevin Rose on Saturday afternoon. Without going into too much detail, he said the product is "primarily video-based...and gives flexibility for people to work together and create content."
Souunds like Hurley is talking about taking a second crack at creating a better YouTube. Rose asked whether that's indeed his intention. "We're not setting up to [kill YouTube]—now," Hurley said. He added, "there’s always going to be a place for YouTube." His intention, instead, is to create a platform better suited for collaboration.
Beyond hinting at his latest aspirations, Hurley used the interview session to shed some light on how YouTube found its current place within Google, recalling how some of the key deal discussions took place at Denny's, just as Yahoo was looking to squeeze in on the deal.
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