Feb 8, 2007 at 9:39am ET by Barry Schwartz
YouTube’s Payoff: Hundreds of Millions for the Founders at the New York Times reports that Google released some of the details of the acquisition costs for YouTube.
From the US Securities & Exchange Commission filing, we learned how much the founders actually made in the deal and the VC company behind YouTube made from the deal.
Sequoia Capital, the company that funded YouTube, received 941,027 shares currently worth about $442 million.
YouTube’s CEO and founder, Chad Hurley, received 694,087 shares and an “additional 41,232 in a trust” worth about $345 million.
Steven Chen, another founder, earned 625,366 shares and an “additional 68,721 in a trust,” worth about $326 million.
Jawed Karim, the third founder, and received 137,443 shares worth about $64 million – he left YouTube early to go to grad school.
Share, Bookmark & Discuss This Article
More:
Keep Updated: News Via Email | News Via RSS Feed | News Via Twitter
See more stories like this in the Members Library! Check out the Google: Business Issues, Google: Employees, Google: YouTube & Video sections of the Members Library where this story is filed. Members also get access to exclusive video content, a members-only weekly & monthly newsletter, plus more. Check out all the benefits!
TOP STORIES
SEARCH NEWS BRIEFS
FEATURES & ANALYSIS
RECENT COMMENTS
Stay on top of all the search news with our daily summary, the SearchCap newsletter. View a sample ›
Search Engine Land produces SMX, the Search Marketing Expo conference series. SMX events deliver the most comprehensive educational and networking experiences - whether you're just starting in search marketing or you're a seasoned expert.
SMX Web Site » | SMX Difference » | SMX News »
Join us at an upcoming SMX event:
Learn more about search marketing with our free online webcasts and webinars from our sister site, Search Marketing Now. Upcoming online events include:
Featured sites from our Blogroll
Become a premium member today and receive: