In my last piece I explained why I didn’t want to work on YouTube’s farm no more. As promised, in this piece I will follow up on one of the two parts I couldn’t get to in the first piece: 'How Twitter, Hulu, MSN, Yahoo and Facebook -- or a next-gen YouTube startup -- could each take on YouTube effectively.'

My explanation takes the form of a 'YouTube Creators' Bill of Rights,' which can be used as a roadmap for YouTube to build sustainable bridges with their current partners -- or as a roadmap for a competitor to crush YouTube. :-)

In other words, these are the five killer features that could kill YouTube.

If you built a service around these five features, and you had some level of traffic and sales support (think Yahoo, Microsoft, AOL, Facebook or my favorite Twitter), you could instantly take the top 500 channels out from under YouTube.

I'm thrilled to announce that I’ve started a co-working space here in Los Angeles. Being an entrepreneur is sometimes lonely work, and having a bunch of founders around you makes it a lot easier.

We’re calling it LAUNCH Co-work, and it’s a 10,000+ square-foot, 30-foot ceiling space in Culver City with room for a dozen startups.

We’re looking for awesome collaborators to learn, share and generally change the world with. I might angel invest in some of the startups, have them on “This Week in Startups” or just talk shop in the kitchen.

Yahoo is going to buy Tumblr for $1B on Monday according to reports.

I will explain to you why the media is freaking out, why big companies need to make more bets like this, why Yahoo is the perfect home and why Zuckerberg should offer $2B.

Media... Freak Out!

Over 20 years in the industry I’ve learned that when something gets bought for $1B or more, people tend to freak out.

People can comprehend millions of dollars, because we all know folks who have a million or more dollars (or homes worth that). When you start talking about 100s or 1,000s of millions, people get emotional and some start lashing out.

Journalists are one of the first groups to lash out. Why? Because they have no chance of making big money in their jobs, and they have to fight for $5k raises while their pensions are replaced with 401ks. Also, they tend to have covered startups like Tumblr from year one and they can’t reconcile how something that didn’t exist five years ago is now worth $1B -- and that they don’t have to balls to create something.

F@#4k it, Yahoo Should Buy 10 Tumblrs

Here’s the truth: a billion dollars is nothing to a company like Yahoo or Google or Facebook or Apple or Microsoft.

If there were 10 startups like Tumblr, with 100M+ users and $50M-$100M in revenue potential a year, it would actually make sense for Google, Yahoo or Facebook to buy all 10.

At once.

Roll the dice.

Why?

Because those companies have tens to hundreds of billions of dollars in market cap and cash, and if one in 10 of those startups turn into YouTube, it’s worth it.

Read the complete editorial on LinkedIn here.

Sign up for jason’s email list at http://jasonnation.com/

We love bringing living legends to our stage, which is why we are thrilled and honored that Mitch Kapor will join LAUNCH founder Jason Calacanis for a fireside chat at LAUNCH Education & Kids. The event, where 20 companies will debut or demo new products, takes place June 26 & 27 at Microsoft's campus in Mountain View.

Mitch is best known as the founder of Lotus Development Corporation and designer of Lotus 1-2-3. Through Kapor Capital, he is active as a seed-stage investor focused on social impact startups, especially in education, healthcare and consumer finance. Mitch is also a director and major funder of the Level Playing Field Institute, which works to increase fairness in education and the workplace by closing the opportunity gap and removing barriers to success (the full bio is here).

We planned on making the 2013 LAUNCH Festival our biggest, best event ever -- and judging by the crowds, the energy and the awesome demos, panels and firesides, we're pretty sure we did just that.

We asked our friends at Lewis PR to run some numbers on our social presence and package them with some of our other stats -- such as 6k attendees, 500 Hackathon participants -- into one tidy infographic.

Turns out #launch2013 was used nearly 21k times during the event and Twitter-ing folks mentioned @LAUNCH more than 4k times (thanks to @hkwong for tweeting more than us!). Plus, attendees using our crowdfunding app committed more than $12.5M in LAUNCH dollars to the 50 startups that launched on stage.