A Quote by Victor Koo
The online video business started in both China and the US around 2005/6, when broadband penetration grew big enough.
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With the rapid growth of Internet users in China bringing online video into a new paradigm, the market scale we first envisioned as an online video website back in 2006 has grown significantly.
The advertising market in China is big and is still growing at a considerable pace. While online video is emerging as a mainstream advertising solution, it still represents a relatively small portion of advertising budget in China.
There is an underlying, fundamental reliance on the Internet, which continues to grow in the number of users, country penetration and both fixed and wireless broadband access.
During the last years of university I started an online business with a couple of friends selling domain names - we started by cybersquatting and then we became a real business. Someone bought us after three years and we made a good deal.
The problem with educating in online video is that online video is funded by advertising almost exclusively.
Whether a resident needs to get online to access homework or supplemental educational tools, to search for a job or start a business, broadband is a necessity.
Broadband connections allow us to access more robust types of content, services, and applications - video chat versus email, or live streaming versus chat, for example. Yet if we look beyond our own personal use, we can see that broadband Internet access is not merely a convenience: it is a powerful force for social change.
An awful lot of successful technology companies ended up being in a slightly different market than they started out in. Microsoft started with programming tools, but came out with an operating system. Oracle started doing contracts for the CIA. AOL started out as an online video gaming network.
I am a professional creator of online video and I have had that job since the moment of its existence. I'm also something of a professional advocate for, and follower of, online video.
There are a lot of millionaires being created in China. We should all be seeking that business, and I think there's enough to go around.
I got my first trademark in 2005: 'EcoGeek.' It was the name of a blog that had become my job. I had a dream of turning it into a big business. After spending a huge amount of time and money attempting to 'protect' that trademark, I let it lapse. It was still 2005.
Deepfakes - seemingly authentic video or audio recordings that can spread like wildfire online - are likely to send American politics into a tailspin, and Washington isn't paying nearly enough attention to the very real danger that's right around the corner.
On the monetization front, our strengthening leadership in internet user base and broadening reach of our platform have already positioned us as a must-buy platform in online video for brand advertisers to reach a nationwide audience within China.
Everyone knows that the broadband era will breed a new generation of online services, but this is only half of the story. Like any innovation, broadband will inflict major changes on its environment. It will destroy, once and for all, the egalitarian vision of the Internet.
I started one of the first online video companies way back in 2003.
If you're into writing and making people laugh, or just want to video blog something, you should get a simple digital video camera. And all computers now come with an easy video editing software program. Just mess around with that for a little bit, try to figure it out, then just put stuff online and have fun. Never give up!
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