Storygami: The Evolution of Online Video?
It's been 7 years since Google spent a whopping $1.65 billion on the video sharing website YouTube. Although many questioned the potential of the popular video sharing site, Google’s decision has proven to be a good one. YouTube now hosts an impressive 450,000,000 monthly visitors. To put this into perspective, Vimeo is the 8th biggest video hosting site with just under 17 million unique visitors per month. With companies like YouTube controlling the market, it’s hard to imagine much optimism for a small startup company hoping to compete with these video giants.