0:00:00.867,0:00:03.869 [music plays] 0:00:03.869,0:00:04.645 Go! 0:00:04.645,0:00:08.201 I'm George Kellerman. I'm a venture partner at 500 Startups. 0:00:08.217,0:00:11.643 I'm primarily responsible for fun-raising and investments in Japan, 0:00:11.643,0:00:14.145 but another area of interest for me is video. 0:00:14.145,0:00:16.099 One of the reasons why I'm interested in video personally 0:00:16.114,0:00:19.611 is because I watch the way my daughters ages twelve and fourteen 0:00:19.611,0:00:22.720 interact with YouTube and the way they use video. 0:00:22.766,0:00:25.522 They were sitting in the living room with a laptop on their lap, 0:00:25.522,0:00:28.811 not even paying attention to what's going on on the TV. 0:00:28.811,0:00:32.365 So they're using video to finding their own favorite content, 0:00:32.365,0:00:35.072 to use it as a radio source, they didn't even listen to the radio 0:00:35.072,0:00:36.671 and they hardly use the iPods anymore. 0:00:36.671,0:00:40.475 Video has been tremendously transformative over the last few years. 0:00:40.475,0:00:42.883 We've seen YouTube develop as a platform, 0:00:42.883,0:00:45.639 that it's a place where people interact with content, 0:00:45.640,0:00:48.231 create content, share content. 0:00:48.231,0:00:51.912 And we've seen new forms of content consumption come out of Youtube. 0:00:51.913,0:00:55.777 It really made me realize that this is a very very powerful platform 0:00:55.777,0:00:58.389 and here at 500 Startups we really like video, 0:00:58.389,0:01:00.927 we're actually looking to invest more in video. 0:01:00.927,0:01:05.068 We currently have about thirty companies in our portfolio that are video related. 0:01:05.068,0:01:10.000 We've got companies such as Virool, Switchcam, Highlight Cam. 0:01:10.000,0:01:11.622 We're also seeing companies like Ipsy 0:01:11.653,0:01:17.337 which are using video as a way to sell their products and to make a connection with their users. 0:01:17.337,0:01:20.979 So, if you've got a product, service or idea 0:01:20.979,0:01:23.579 that you think will transform the way that users use video, 0:01:23.579,0:01:26.473 then you should really consider applying to our accelerator. 0:01:26.473,0:01:28.221 We're currently accepting applications. 0:01:28.221,0:01:31.720 Go to angel.co/500startups 0:01:31.720,0:01:34.397 We'd love to see more products and services in this space. 0:01:34.397,0:01:36.225 It's an area where we really want to invest in more. 0:01:36.225,0:01:37.633 So show us what you can do. 0:01:37.633,0:01:39.248 500 startups, out!