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GooTube

Email|Link By mwelch October 10, 06 07:56 AM

No, and it won't be YouGoog either. YouTube will keep its name and the $1.65 billion from Google. That should set up lead investor Sequoia Capital and YouTube founders Chad Hurley and Steve Chen pretty well.

And if that's not enough, the news of the acquisition was the icing on the cake after announcements that YouTube had locked up music and music video deals with CBS, Universal Music Group and Sony/BMG Music. They already made a deal with Warner Music Group last month. That should put the Napster arguments aside for a time. It's looking like Fred Wilson was right.

Take a few minutes to watch Charlie Rose interview Hurley and Chen and see how simple ideas can turn into billions. Um, the interview is of course courtesy of YouTube.