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Feb 8
YouTube... WeTube... Let's go buy a Ferrari!!!

With the full disclosure today of who made what from the sale of YouTube to Google a few months ago, it seems like a lot of people made a lot of money!  The biggest winners, not surprisingly, are YouTube's co-founders, Chad Hurley, Steve Chen and Jawed Karim, who, collectively, received nearly $700 million worth of Google stock - the prized currency used to finance the acquisition. And, when you consider that the payoff punctuates the meteoric rise of a pop culture phenomenon that began in a Menlo Park garage only two short  years ago when the Hurley, Chen and Karim - all of whom are in their 20s - began working on a sketchy idea for a video sharing site that was initially funded by credit card debt. You have to say… Why couldn’t I hjave come up with a dumb idea like that? The sale to Google also made instant millionaires out of at least 18 other YouTube employees, (and they still only have about 70 people on staff!) including Hurley's younger brother, Brent, and the office manager, according to a Securities and Exchange Commission filing Wednesday. Hurley's parents also are getting nearly $5 million in Google stock. Lots of happy campers running around Silicon Valley at the moment. With no doubt, quite a few lining up outside Ferrari of Los Gatos to order the latest iteration of the toy I would sell my soul to own!

Paris%20Hilton%20Ferrari.jpg

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Mine's the red one in front. I had to trade it in, 'cos the ahtrays were full!!!

 

 

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» Know More Media Review: YouTube Growing Pains from Know More Media
YouTube has been a hot news topic on the Know More Media network recently, lets take a look at what some of the authors are saying.  We all know that the founders of YouTube made a killing when Google... [Read More]

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