that would cost so much money it would be near impossible for a start-up company...
you have any Idea how many youtube vids are uploaded daily? and many Petabytes worth of Video is hosted on their servers?
getting a system running that could handle all that would be nearly impossible for a start-up... unless you had some super wealthy benefactor...
the reason youtube is as "powerful" as it is is because at this point you couldn't get the finances needed to create a decent alternative...