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when youtube first launched in 2005 there was no ads, so why all the ads now

on youtube, many videos are unwatchable now due to all the stupid ads, it ruins the watching experience...but back in 2005 and the few years following, there was no ads on youtube...so why now?

is it becase big corporations hijacked the site and turned it into a commercial tv station, and took the real purpose out of youtube? youtube was originally meant for ordinary people to upload videos, not celebrities or media companies, they have ruined youtube in my opinion.
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When sites are launched there's often a large amount of investment which allows them to run ad-free for a period before they start actually having to make money. This helps draw viewers to the site but after a while the investors expect a return on their investment and so either people have to pay or watch ads.

Youtube does have a paid model too - if you subscribe you don't have to watch the ads.