Tag: Steve Chen
Two of YouTube's founders stand to divide shares of stock now valued at around $650 million, Web search leader Google Inc. said in a regulatory filing Wednesday detailing the payout from its $1.65 billion acquisition.
Chad Hurley received 694,087 of Google common stock worth around $326 million and Steve Chen received Google common stock valued at a similar amount, including 625,366 shares directly owned and another 68,721 shares held in a trust.
Sequoia Capital, the sole venture capital backer of YouTube, stands to receive around $442...
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The video-sharing Web site is a runaway success -- everywhere but on the bottom line.
With all the excitement, it's easy to forget that the video-sharing pioneer's business so far amounts to a whole lot of expenses, not much revenue, and no profits. YouTube took on the job of creating the business model for a new medium where anyone can post any video. While it's starting to develop new ad offerings, its popularity is driving up costs that established Web giants, such as Google and Yahoo!, are able to spread out. YouTube spends a tidy, and...
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The heads of Coke, Google, News Corp, Nike, Time Warner, and other moguls flew to Sun Valley, Idaho this week for an invitation-only retreat. Joining them were the founders of YouTube -- hot properties to be sure, but terribly fresh-faced for this crowd.
YouTube is the classic Silicon Valley story. Yes, classic story from a place barely 30 years old. Isn't that what the technology revolution is all about? Being barely 30?
YouTube is a young San Mateo company founded by two young guys. Yes, they started it in a garage. And yes, it became internationally known and used by millions in the blink of an eye.
Nobody had heard of YouTube before last fall. By this week, the company was reporting that 80 million videos a day were being viewed on the site.
About half a billion video views a week.
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