According to Greg Sandoval at CNet News, executives Roman Arzhintar and Bart Myers have left Guba — to found their own online video site. Upon his own departure from Guba less than two weeks ago, co-founder and former CEO Tom McInerney had warned of more losses of top management. Arzhintar was mum on the details of the new project, except to say that they “will not be going head-to-head with YouTube.”

Is it just a startling coincidence that both Guba and Revver have been hemorraging management in the wake of YouTube’s sale to Google, or could it be an indication that competitors have ceded the race to YouTube and are now changing their directions?