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New social video startup 'Airtime' draws big names

Two big-name entrepreneurs, Sean Parker (Napster, Facebook, Causes) and Shawn Fanning (Napster, Path) are teaming up to create Airtime, a social video company. “Our small team shares a passion for using the latest video technology to bring people together,” explains the new site, which just appeared with a graphic of a video control room and a button to apply for early access. There’s no word on when it may launch.

While the details are few, both Parker and Fanning have said they were inspired by Chatroulette. “It was just scratching the surface of what it could be – a universal host that is introducing people, smashing people together,” said Fanning back in October, reports TechCrunch. There have been several efforts in the live social video space before, and arguably Google Hangouts is the best recent effort, but it suffers from Google+’s efforts to scale active users. In other words, there may be an opportunity here.

Beyond the founders, the effort has attracted big-name backers, as well: Founders Fund, Accel Partners, Andreessen Horowitz, Google Ventures, SV Angel, Yuri Milner, Ashton Kutcher,, Scott Braun, and Michael Arrington. Definitely, a startup to watch.

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