1.65 Billion Reasons Why JewTube Founder Launched Site.

The sale of YouTube to Google for $1.65 billion smackaroos was a major source of motivation for Jeremy Kossen, a young American Jewish entrepreneur from California, who yesterday launched JewTube, the Jewish version of YouTube.

Kossen, who is in Israel to attend the ROI Global Summit for Young Jewish Innovators, spoke to “Globes” about the concept behind JewTube and why it’s possible to be successful without re-inventing the wheel.

Kossen is no stranger to the tech world, having held several positions with high tech companies in the past.  However for the last couple of years he has been running Altruity Funding, a company that helps California residents raise money to purchase apartments and commercial  centers.  Kossen says that he used funds generated from his current business to launch JewTube.

Here is an excerpt from Kossen’s Interview with Globes Online:

Globes: The JewTube concept has been copied from YouTube.   Are there likely to be any legal problems?

Kossen: “We checked it out legally. The lawyers told us that as long we maintain certain rules, such as a different logo and differentiation of niches, there’s no problem legally. We also contacted Google and the response we got was positive. That may have been because their owners are Jewish.”

Will JewTube limit itself to Jewish content only?

“The content will be diverse but it will have to be connected in one form or another with Judaism in the broad sense of the word: religion, education, culture and so on.” Read.