Nothing Broadcast.com did offered any advantage in creating something like YouTube.

This isn't totally correct. Nothing that we did back then, that was exposed to the public, would have offered an advantage for making a YouTube. We had built a system for Yahoo Personals to upload and stream videos, but this functionality was never really released to the public at large. I don't believe it had a big uptake in Personals so it was placed on the back burner.

We had the tools and systems in place to allow something like youtube, but it never saw the (public) light of day.

But, yes, you could be correct in that it would have just been at the wrong time. Who knows.