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- 2007.02.07 - NYTimes - YouTube’s Payoff: Hundreds of Millions for the Founders
Expand A founder and YouTube's chief executive Chad Hurley received 694,087 shares of Google and an additional 41,232 in a trust. Based on Google's closing price yesterday of $470.01, the shares are worth more than $345 million.
Another founder, Steven Chen, received 625,366 shares and an additional 68,721 in a trust, for more than $326 million.
And Sequoia Capital XI, the name of the Sequoia fund that had invested close to $11.5 million in YouTube from November of 2005 and April of 2006, was listed as having 941,027 shares, which are valued at more than $442 million. That is not a bad return for an investment whose payoff came within less than a year.
Sequoia, considered one of the most successful venture capital firms in the country, was also a principal investors in Google.
The third founder of YouTube, Jawed Karim, who left the company early on to pursue a graduate degree in computer science, did not do too badly either. He received 137,443 shares worth more than $64 million.
In addition, several funds affiliated with Artis Capital Management, a San Francisco hedge fund managed by Stuart L. Peterson that was a co-investor with Sequoia, were listed as having received a 176,621 shares, valued at $83 million.
When the deal was announced in October, YouTube was less than two years old and had fewer than 70 employees. Several of the early employees are listed in the filing statement as owning thousands of Google shares.
- 2007.07.07 - Beet.tv - First Video Sharing Site Paved the Way for YouTube — ShareYourWorld.com Was There First to Launch Ten Years Back
Expand It’s not around anymore, but shareyourworld.com was the first video sharing site that allowed users to upload files in various video file formats and share videos. It was started back i 1997 by Chase Norlin, who now heads the very cool video/audio search company Pixsy.
Chase takes us down memory lane, during the last Internet boom when he launched this company whose time was not quite right. In this interview, Chase talks about the challenges in bandwidth. He marvels how the YouTube guys picked up where he couldn’t at the time.
And, yes the progress since 1997 is amazing. This past 12 months have been unbelievable. To bring you to speed on video sharing sites and various monetization schmemes, you should read this terrific round-up by Nick Gonzalez at TechCrunch.
- Quora: 2011 - How did YouTube beat out the competition that came earlier such as Google videos, Metacafe, etc...?
- http://www.quora.com/How-did-YouTube-be ... tacafe-etc
- Mark Cuban's answer: "no respect for copyright"
- Quora: 2010 - Why was YouTube successful?
Steve Chen
Wikipedia
http://en.wikipedia.org/wiki/Steve_Chen
2013(?) - Bloomberg - Steve Chen: No regrets about selling YouTube
https://www.youtube.com/watch?v=v_WgzCnObMY
Chad Hurley
Wikipedia
http://en.wikipedia.org/wiki/Chad_Hurley
200132013(?) - GigaOm(?) - Chad Hurley: How We Did It
https://www.youtube.com/watch?v=6ZBgQBnQFl0
Jawed Karim
Wikipedia
http://en.wikipedia.org/wiki/Jawed_Karim
Y Ventures - Jawed's VC Firm
http://www.yventures.com/
2008.03.20 - Mashable - YouTube Co-Founder Starts Venture Capital Firm
http://mashable.com/2008/03/20/youniversity-ventures/