YouTube CEO hails 'birth of a new clip culture'

At MediaShift, Mark Glaser has a Q&A with YouTube co-founder and CEO Chad Hurley about the meteoric rise of his video-sharing site. The startup, which launched its site less than a year ago, is now serving up 35 million videos PER DAY, with people adding 35,000 new videos per day. But the enigma is how the site will make money without alienating its large, loyal group of users.

"We are exploring ways to serve up relevant advertising that will benefit the viewing experience since we know a lot about each of the videos based on how they are tagged. We have been moving cautiously to ensure we don't disrupt the goodness of the community. But at the end of the day it's the viewers that decide what is entertaining whether it be user-generated content or professionally produced videos — our community is still in control and will decide what rises to the top." -- YouTube CEO Chad Hurley