Many observers agree that while is wildly popular, it has no sustainable business model. Despite receiving $11.5 million in funding since its inception, You Tube has yet to tell anyone what their revenue model is above "pursuing advertising".
The issue with You Tube is that massive amounts of its content violates someone's copyright somewhere. I'm surprised that the VC firm Sequoia would touch You Tube even once, nevermind twice.
Someone -the New York Post isn't clear on who - has stated that You Tube won't sell for less than $1.5 billion US. While it's not hard to believe that You Tube could sell for that much, it's not going to happen until they clean up their act.
You Tube has been trying to do just that by signing peacemaking deals with major media outlets. Until that's done, however, I don't see anyone buying them for anywhere near $1.5 billion. It's just too risky.
What does this have to do with Biz Podcasting? Just a tip: don't host your videocast on You Tube. It may disappear in a puff of legal action in the near future.