Funny or Die

Funny or Die

Will Farrell (US comedian) has set this site up with backing from Sequoia ventures (who invested in YouTube).

Though Farrell and friends will contribute content, it's also user contributed and more importantly rated.

Any video that gets below a 1 rating goes into "The Crypt" and then can only be resurrected when 1,000 or more people request it - which should mean bad stuff gets relegated quickly and they save on huge storage costs.

Whether it can actually compete with YouTube is yet to be seen, though Farrell's "Landlord" video has been view 3m times already.