YouTube videos were originally limited to 5 or 10 minutes I think. And probably 480p or so. You have to remember when it started, video on mobile didn't exist and there was absolutely no bandwidth for it. So people watching YouTube were watching it on their PC, probably with a 1024x768 CRT screen, and that's assuming they had something faster than dial-up internet.
Oh, I do remember, I was around in the early days. I think (but maybe that came later?) longer form videos did exist, but only paying accounts could post them.