Jason Calacanis says he’ll quit his job if AOL buys YouTube. He concedes that he wouldn’t quit if AOL buys them at a steep discount to exclude all the illegal content. I agree with Jason’s sentiment. (I will definitely quit my job if Digipede buys YouTube).
Most everyone agrees that YouTube’s great strength is the user-contributed content. YouTube has been a great enabler of it (in terms of distribution, discovery, and development of the community). But how much would that community have grown without the illegal content as a magnet? Doc says that if you strip out the illegal content you still have lots of value. But what if the illegal content was never there? How much would it have been worth then? How much would it have grown then?
And again, I agree with Jason: we shouldn’t reward entrepeneurs for leveraging illegal content.