Dear Helen Alexander,
I’m so glad that you’ve taken such a keen interest in Project Redstripe. Your right, it has been a lot of fun.
Who’d have thought that it would be such a success so quickly.
About that money you gave us, well…er…the thing is we need more. How does $500 000 a month sound?
Thanks a lot,
Why ask for $500 000? Because that’s how much YouTube are losing every single month, according to the bible of globalisation.
In a normal business I think that is seen as, generally, a bad thing. The astounding thing is that YouTube don’t even have a business model. That does not stop TechCrunch from putting out some strong, totally unsubstantiated, (now semi-confirmed), rumours that Google are sniffing around for $1.6 billion.
Is it Bubble2.0? Alan Rusbridger made the point that Google didn’t have a business model until four years ago. It’s doing OK now.
Therefore, a central plank of my campaign to be on Project Redstripe is this. I want to create a hugely loss making site.
Project in the Redstripe, if you will.