[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.80,0:00:04.41,Default,,0000,0000,0000,,[music plays]
Dialogue: 0,0:00:04.41,0:00:05.25,Default,,0000,0000,0000,,Go!
Dialogue: 0,0:00:05.25,0:00:08.35,Default,,0000,0000,0000,,I'm George Kellerman. I'm a venture partner at 500 Startups.
Dialogue: 0,0:00:08.35,0:00:11.72,Default,,0000,0000,0000,,I'm primarily responsible for fund-raising and investments in Japan,
Dialogue: 0,0:00:11.72,0:00:14.12,Default,,0000,0000,0000,,but another area of interest for me is video.
Dialogue: 0,0:00:14.12,0:00:16.29,Default,,0000,0000,0000,,One of the reasons why I'm interested in video personally
Dialogue: 0,0:00:16.29,0:00:19.46,Default,,0000,0000,0000,,is because I watch the way my daughters ages twelve and fourteen
Dialogue: 0,0:00:19.46,0:00:22.79,Default,,0000,0000,0000,,interact with YouTube and the way they use video.
Dialogue: 0,0:00:22.79,0:00:25.93,Default,,0000,0000,0000,,They were sitting in the living room with a laptop on their lap,
Dialogue: 0,0:00:25.93,0:00:29.16,Default,,0000,0000,0000,,not even paying attention to what's going on on the TV.
Dialogue: 0,0:00:29.16,0:00:32.57,Default,,0000,0000,0000,,So they're using video to find their own favorite content,
Dialogue: 0,0:00:32.57,0:00:35.11,Default,,0000,0000,0000,,to use it as a radio source, they didn't even listen to the radio
Dialogue: 0,0:00:35.11,0:00:36.71,Default,,0000,0000,0000,,and they hardly use their iPods anymore.
Dialogue: 0,0:00:36.71,0:00:41.08,Default,,0000,0000,0000,,Video has been tremendously transformative over the last few years.
Dialogue: 0,0:00:41.08,0:00:43.24,Default,,0000,0000,0000,,We've seen YouTube develop as a platform,
Dialogue: 0,0:00:43.24,0:00:46.08,Default,,0000,0000,0000,,that it's a place where people interact with content,
Dialogue: 0,0:00:46.08,0:00:48.24,Default,,0000,0000,0000,,create content, share content,
Dialogue: 0,0:00:48.24,0:00:52.36,Default,,0000,0000,0000,,and we've seen new forms of content consumption come out of YouTube.
Dialogue: 0,0:00:52.36,0:00:55.91,Default,,0000,0000,0000,,It really made me realize that this is a very very powerful platform
Dialogue: 0,0:00:55.91,0:00:58.43,Default,,0000,0000,0000,,and here at 500 Startups we really like video,
Dialogue: 0,0:00:58.43,0:01:00.100,Default,,0000,0000,0000,,we're actually looking to invest more in video.
Dialogue: 0,0:01:00.100,0:01:05.37,Default,,0000,0000,0000,,We currently have about thirty companies in our portfolio that are video related.
Dialogue: 0,0:01:05.37,0:01:10.54,Default,,0000,0000,0000,,We've got companies such as Virool, Switchcam, Highlight Cam.
Dialogue: 0,0:01:10.54,0:01:12.21,Default,,0000,0000,0000,,We're also seeing companies like Ipsy
Dialogue: 0,0:01:12.21,0:01:17.58,Default,,0000,0000,0000,,which are using video as a way to sell their products and to make a connection with their users.
Dialogue: 0,0:01:17.58,0:01:20.99,Default,,0000,0000,0000,,So, if you've got a product, service, or idea
Dialogue: 0,0:01:20.99,0:01:24.25,Default,,0000,0000,0000,,that you think will transform the way that users use video,
Dialogue: 0,0:01:24.25,0:01:26.46,Default,,0000,0000,0000,,then you should really consider applying to our accelerator.
Dialogue: 0,0:01:26.46,0:01:28.23,Default,,0000,0000,0000,,We're currently accepting applications.
Dialogue: 0,0:01:28.23,0:01:31.83,Default,,0000,0000,0000,,Go to angel.co/500startups
Dialogue: 0,0:01:31.83,0:01:34.43,Default,,0000,0000,0000,,We'd love to see more products and services in this space.
Dialogue: 0,0:01:34.43,0:01:36.27,Default,,0000,0000,0000,,It's an area where we really want to invest in more.
Dialogue: 0,0:01:36.27,0:01:37.91,Default,,0000,0000,0000,,So show us what you can do.
Dialogue: 0,0:01:37.91,0:01:41.91,Default,,0000,0000,0000,,500 startups, out! [music rises, then fades]