The numbers are in, Google revealed in a filing with the Securities and Exchange Commission just how much the hedge fund investors, founders and early employees of YouTube made when it was bought by Google for $1.65 billion last year. Artis Capital Management, a San Francisco hedge fund was co-investor with Sequoia Capital, the venture capitalists that took a chance with the tiny YouTube project. Artis and several other hedge funds affiliated with them were listed as having received 176,621 shares, valued at $83 million. Sequoia Capital invested close to $11.5 million in You Tube, is now listed as owning 941,027 shares, which are valued at more than $442 million. The filing also lists Sequoia Capital XI Principals Fund owning 102,376 shares, valued at more than $48 million, and Sequoia Technology Partners XI with 29,724 shares, valued at nearly $14 million. A total of $504 million. The company's three founders also made extraordinary amounts, YouTube's chief executive Chad Hurley received shares worth more than $345 million. Another founder, Steven Chen, received shares worth more than $326 million. The third founder of YouTube, Jawed Karim, who left the company early on to pursue a graduate degree in computer science, received more than $64 million in shares. Some of these shares have been deposited in trusts for the young founders. (HedgeCo)
the founder of youtube is getting so rich. $1.65 billion, i cant imagine the luckiest person he is.. ___________________________________ http://www.yesiloveit.com
And the most shocking thing is, they weren't "professional web developers", it was just 2 guys who wanted to make a website for everyone to upload videos to.
It's time to move past youtube, youtube clones and video sites in general. Everyone has a shot online to be the next them!
damn youtube.... should be MYtube lol They are truely a great inspriation though for all entrepeneurs on the internet
I think I read an article in the NY post where Youtube is going to start sharing revenue with content creators
1.65 billion ... for such a small idea like YouTube. Just goes to show guys (and girls) that it CAN be done. Create something that grows quickly, advertise, advertise and advertise and hey presto! You're in the money! I'd NEVER sell up if I had a site like that, unless I knew Yahoo!, Google or MSN was going to make a clone of it, then i'd be scared. Though Google Videos didn't really shatter YouTube's fame.
heh, this is an amazement...this is how google started...They wanted a directory for all there websites they used while in college.