[ryrobes]

People want viable services not "tech".

Red flag: both their concept as well as name have YT's brand name in it. The equivalent of calling your company "Uber for X". I'm all for decentralization where it makes sense - but this seems like they might be shooting themselves in the foot everywhere EXCEPT the tech (which, ultimately won't matter if they fail).

From the article: "Online since March 2018 in a beta version, the project should definitely take off by October, based on the money raised."

Beta + $60k + 6 more months time = Success? Against a practical content monopoly.

As a guy currently doing the start-up dance - this kind of optimistic naivety almost offends me.

[andypants]

They're not raising 60k to defeat youtube. They're raising 60k to complete a piece of software that does some of what youtube does in a different way. That's it. It's an open source project, they're not running on official peertube instance with the goal of being anything more than a demo of the software they're writing.

[noitsnot]

$60k is mind-blowingly low. I wouldn't expect much, if anything from this site.

[KaoruAoiShiho]

It got to the top of HN. That speaks to a tremendous demand. Most startups fail not because of money raised but because they don't have product market fit. People want this product to exist, but... the question is, will they actually use it. lol.

[franciscop]

That would be a very good 1 year salary for Spain. In most parts of Spain (except the big cities) you can easily live 2 years with that. I expect France to be similar price-wise.