Apple co-founder Woz backs Internet video venture

“An Internet video brainchild of three twentysomething former University of California grad students has won big backers, including Apple co-founder Steve Wozniak and Red McCombs, co-founder of Clear Channel Communications,” Dane Hamilton reports for Reuters.

Hamilton reports, “The billionaire moguls are backing a tiny venture-backed company, Hotswap.com, which has ambitious plans to feed a growing demand for high-definition-like Internet video for everyday e-commerce uses, such as consumer car sales, its founders said.”

“Hotswap.com emerged from graduate computer science research into digital “compression” technology that its founders say can make common digital camera movie clips mimic high-definition television on Web sites,” Hamilton reports.

“‘I like what they’re doing. It’s definitely a step forward,’ said Wozniak, the Silicon Valley wunderkind who formed Apple with entrepreneur Steve Jobs in 1976. “‘Woz,’ as he’s known, said he signed on as an adviser to the company to ‘give them ideas that come into my mind,'” Hamilton reports.

Full article here.
“I give them ideas that come into my mind.” Well, Woz, those are usually better than the ones that come out of your behind. (We kid. We rhyme. We love Woz. TGIF!)

P.S. Our all new-server setup is coming soon. Stay tuned…)

17 Comments

  1. The best news of all? MDN’s new server coming soon. Lord knows this site is the slowest on the ‘net. But I come anyway!

    Thanks for the update MDN on your future speed increases.

  2. I hope the new server filters out all the ads. Also need one optimized for iPhones on the Edge, so to speak. You think this site is slow? Try waiting for a page on the Edge network! Yikes.

  3. Comment from: Spark
    “I hope the new server filters out all the ads. Also need one optimized for iPhones on the Edge, so to speak. You think this site is slow? Try waiting for a page on the Edge network! Yikes.”

    Gee, my Palm TX brings up this page in about 3 seconds using a 28.8 kbps telephone modem, no adds either

  4. @get a Palm

    For a site like MDN that no longer even shows pictures of the article subjects, I can’t argue. All their ad sourcing overhead really bogs down these pages. I hate that we now have to wait for an ad to appear before reaching linked articles. Criminy, that’s all this site does; link to other articles.

  5. “The billionaire moguls are backing a tiny venture-backed company, Hotswap.com, which has ambitious plans to feed a growing demand for high-definition-like Internet video for everyday e-commerce uses, such as consumer car sales, its founders said.”

    Already dead.

    Unless they seriously think they have the resources to outflank YouTube, Google, and everyone else vying for king of the video hill.

    Bonus points for spirit, but it’ll be a tough fight.

  6. Hell! ive got to wait and i got a proto type mac book pro quad Xeon directly plugged into the 10 gig network the web server is on!!

    man, just get rid of the ads, its like tolls. everyone hates em, no one uses em, they slow traffic down, and they are ugly.

  7. “man, just get rid of the ads, its like tolls. everyone hates em, no one uses em, they slow traffic down, and they are ugly.”

    You’ve obviously never run a (web) business.
    Will you pony up a subscription fee?
    Or is everything free in your fantasy world?

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