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Google figured out early on that video would be a great addition to its search business, so in 2005 it launched Google Video. Focused on making deals with the entertainment industry for second-rate content, and overly cautious on what users could upload, it flopped. Meanwhile, a tiny startup run by a handful of employees working above a San Mateo, California, pizzeria was exploding, simply by letting anyone upload their goofy videos and not worrying too much about who held copyrights to the clips. In…
