San Francisco based stealth startup Jumpcut, founded by Mike Folgner and Ryan Cunningham, just launched minutes ago.

Jumpcut, as the newest entrant, has some really spectacular features, that should encourage video mashing between users.

It’s editing features, also using Flash, are better than what I saw with Motionbox. Any video can be cloned (unless restricted by the publisher), and other clips can be added to the cloned video. Sound files can be added to either overwrite existing audio or mix in with it. They also allow a number of “transition” features as effects. Overall, its pretty cool. Check it out by clicking “remix” on this video screen.

The finished videos can be kept private, shared or made public. Jumpcuts provides code snippets to allow video playback from blogs and other websites as well. Jumpcut does not have a deep tagging feature.

The service is currently free and allows uploads of up to 50 MB. A paid service will be available soon at $5/month, and Jumpcut will also have a client install available to allow users to do some of the editing and transcoding work before uploading it to the Jumpcut server.



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