Some live thoughts from the call:
… Eric starts things off by saying, somewhat archly, that they’re coming to us live from “YouTube World Headquarters”.
… Eric is emphasizing that they will be making “many” acquisitions in video. Oye, there’s the comment that will float a lot of venture-backed boats
… Everyone is welcoming everyone, and the YouTube guys are reading from prepared statements, which is surprising coming from people with a video site showing cats vomiting.
… Sergey is reminiscing about the early days of Google, which is nice, if a little off-putting given Google is only slightly older than
my oldest son.
… So far there has been zero chemistry among the collected company founders.
… Oh-oh, Mary Meeker is up first. Wish I could do live word count. She want to know about integration, also a plan to go to media company, also tagging, also … you know, it’s Mary. Somewhere there is a question in there.
… First useful question: Why do this when you have Google Video? My answer. Google Video is going nowhere. Eric puts it differently, saying it has “lots of interesting partnerships”, possible the most tepid recommendation I have ever heard.
… Question: Why all-stock deal? Answer: Tax-free, and cheaper for Google, of course. And also because we can, damn it.
… Pretty uneventful call so far, other than watching the soft-shoe over what happens to Google Video. No, no, really, we’re not killing it off. Really.