Update: Web 2.0 Summit  Photos and Video Added

Sean Parker, the man known for his enormous contributions of massively popular platforms such as Napster, Plaxo and Causes, has revealed the name of his new start-up; Airtime.

Parker made this disclosure on Monday, during the ongoing Web 2.0 Summit hosted in the Palace Hotel in San Francisco. Though not confirmed, word on the street is that Airtime is going to be a real-time video chat offering, built in the same line as Chatroulette, minus the nudity and other morally questionable elements.

Parker, who kick started yesterday’s event, also stated that he will be carefully dividing his time between Spotify and Airtime. It is important to note that Parker happens to be a key investor in Spotify.Speaking on a variety of issues, Parker stated that the only way Google+ will enjoy success in the industry is if Facebook makes some terrible mistakes.

He also revealed quite a bit about his stake in Facebook by saying: “As a Facebook shareholder, it's a little bit tricky for me to answer that....There's good creepy and there's bad creepy. And today's creepy is tomorrow's necessity....I don't think privacy is an issue, I don't think that's Facebook's biggest problem," as reported by Business Reporter.