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YouTube founders make huge fortunes

Discussion in 'Google' started by Cage Rattler, Feb 9, 2007.

  1. #1
    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)
     
    Cage Rattler, Feb 9, 2007 IP
  2. adnan

    adnan Peon

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    #2
    Good,

    I hope they make even more.

    Shareholders are probably very happy.
     
    adnan, Feb 10, 2007 IP
  3. ScottyTee

    ScottyTee Peon

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    #3
    Great news... gives every single person on the internet inspiration. Hats off to them.

    Congrats.
     
    ScottyTee, Feb 10, 2007 IP
  4. nizzam

    nizzam Active Member

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    #4
    the founder of youtube is getting so rich.
    $1.65 billion, i cant imagine the luckiest person he is.. :rolleyes:

    ___________________________________
    http://www.yesiloveit.com
     
    nizzam, Feb 10, 2007 IP
  5. cube3

    cube3 Peon

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    #5
    god they must be leading a happy wild life now with so much money in their hands.
     
    cube3, Feb 10, 2007 IP
  6. kingspice

    kingspice Peon

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    #6
    Lucky guys, obviously deserve it though becoming the market leader in the video field.
     
    kingspice, Feb 10, 2007 IP
  7. moneyspeaks

    moneyspeaks Peon

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    #7
    anyone else drooling over the idea of 1.65 bil for your website??
     
    moneyspeaks, Feb 10, 2007 IP
  8. websitedeveloper

    websitedeveloper Guest

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    #8
    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.
     
    websitedeveloper, Feb 10, 2007 IP
  9. NYDAz

    NYDAz Peon

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    #9
    good for them :D
     
    NYDAz, Feb 10, 2007 IP
  10. gabrielangel

    gabrielangel Peon

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    #10
    They will probably blow all that money on booze, women, and coke.
     
    gabrielangel, Feb 10, 2007 IP
  11. netpox

    netpox Active Member

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    #11
    Thats crazy!
     
    netpox, Feb 10, 2007 IP
  12. lassie911

    lassie911 Well-Known Member

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    #12
    It's time to move past youtube, youtube clones and video sites in general. Everyone has a shot online to be the next them!
     
    lassie911, Feb 10, 2007 IP
  13. natkits

    natkits Peon

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    #13
    An inspiration indeed :D
     
    natkits, Feb 11, 2007 IP
  14. Blogsip

    Blogsip Well-Known Member

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    #14
    That's great. It gives me inspiration.
     
    Blogsip, Feb 11, 2007 IP
  15. oseymour

    oseymour Well-Known Member

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    #15
    that's a lot of booze, women and coke
     
    oseymour, Feb 11, 2007 IP
  16. circuscircus

    circuscircus Peon

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    #16
    damn youtube.... should be MYtube lol

    They are truely a great inspriation though for all entrepeneurs on the internet
     
    circuscircus, Feb 11, 2007 IP
  17. oseymour

    oseymour Well-Known Member

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    #17
    I think I read an article in the NY post where Youtube is going to start sharing revenue with content creators
     
    oseymour, Feb 11, 2007 IP
  18. SoftCloud

    SoftCloud Well-Known Member

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    #18
    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. :D
     
    SoftCloud, Feb 11, 2007 IP
  19. TigerBball067

    TigerBball067 Well-Known Member

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    #19
    heh, this is an amazement...this is how google started...They wanted a directory for all there websites they used while in college.
     
    TigerBball067, Feb 11, 2007 IP
  20. oseymour

    oseymour Well-Known Member

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    #20
    I'm already working on the next billion dollar idea.....anyone want to invest a billion PM me :D
     
    oseymour, Feb 11, 2007 IP