The Web site, scheduled to debut in mid-January, will try to upstage YouTube and become the Internet's hub for sharing and watching dance videos. DanceJam then hopes to make money by grabbing a piece of the rapidly growing Internet advertising market, which is expected to rake in $27.5 billion in 2008, according to eMarketer.
Hammer has been a technogeek since the early days of Silicon Valley, but he didn’t see the entertainment value of the internet until he saw what YouTube was doing. DanceJam is expected to launch later this month. http://news.wired.com/dynamic/stories/M/MC_ENTREPRENEUR?SITE=WIRE&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-01-02-08-27-21 to story. Link to Hammer’s blog.
(photo credit: Jeff Chiu/AP)