JOHN ROBERTS: Joining me this morning are the cofounders of YouTube, Chad Hurley and Steve Chen. They're just down the street in Charleston, South Carolina.
So, Gentlemen, what did you think of the debate last night? Did it meet, exceed or not meet your expectations?
CHAD HURLEY, YOUTUBE CO-FOUNDER: I had a great time last night. I think that the fact that [a select few, pre-screened] users from around the world had a chance to ask the candidates a question directly, I think, was a great way for them to address the issues last night.
STEVE CHEN, YOUTUBE CO-FOUNDER: Yes, exactly. I mean, I think seeing the backdrop...
ROBERTS: Yes, go ahead, Steve.
CHEN: I think seeing the backdrop and the environment of the users expressing the issues that actually face them really brought a sort of personalized view and perspective into the issues.
ROBERTS: Chad, as we pointed out, YouTube wasn't even around in 2004 when Howard Dean was out there using the Internet. You know, you started by posting pictures of your cat online.
Are you surprised with how quickly this whole venture has grown?
HURLEY: Oh, definitely. Yes, every day, you know, we wake up, we can't believe that we're here.
I mean, to be part of this political process -- I mean, today -- but everything that we've been able to do, we've always just concentrated on trying to make the product better for our users and to make it easier for them to upload video, view videos. And luckily, a lot of people have found our product useful.
ROBERTS: Steve, what we saw last night, was it just an interesting quirky little episode in the presidential election, or is this going to be a sea change in the landscape of political communication and voter participation?
CHEN: Well, you know, I mean, I think it's -- we're still sort of waiting to hear some of the feedback. But being personally there and being a witness to the events live last night, I really think that it changed the entire environment in which the political debates are actually conducted.
And I really think that beyond this point, beyond this day, that I think future debates, not just in the U.S., but I think globally speaking, that, you know, this event is going to be referenced, especially when it sort of integrates the user -- user-generated content and user-generated questions into the atmosphere.
ROBERTS: Chad, does YouTube have to evolve to continue as successful as it is? I mean, you built your business on people uploading basically frat videos, but is there a point where people will get tired of those and are going to want to see more substantive content, and this really plays into that?
HURLEY: Yes. Well, our site is about everything. Everyone has a chance to participate.
And we have people uploading how-to videos. How to cook, how to do fashion or beauty. And it's really a combination of people sharing their interests and experiences from around the world and getting in front of an audience that they didn't have access to before.
ROBERTS: And Steve, real quick, if I could ask you, have you figured out a way to make money with this venture without alienating all of those people that have been there for so long?
CHEN: No. I think you nailed it. I think the reason why we've been experimenting, we just haven't rushed out a sort of monitization (ph) or advertising model, is really that we don't want to -- at the end of the day, the users are the foundation of YouTube. And we just want to make sure that whatever we roll out, whatever strategy we roll out, is compatible and is actually sort of beneficial to the end users that are watching these videos and that have helped form the YouTube community.
ROBERTS: Well, you've got some deep pockets backing you. I assume you've got a little bit more time to do that.
Steve Chen, Chad Hurley, thanks for being with us. Appreciate it.
CHEN: Thank you.
HURLEY: Thank you very much.