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May 10, 2022 · This video explains what happened to YouTube's founders - Jawed Karim, Chad Hurley, and Steve Chen and where they are today.
- 11 min
- 75.8K
- JayLaw
In June 2006, Chen was named by Business 2.0 as one of "The 50 people who matter now" in business. [9] On October 16, 2006, Chen and Hurley sold YouTube to Google, Inc. for $1.65 billion. Chen received 625,366 shares of Google and an additional 68,721 in a trust as part of the sale.
Jan 14, 2024 · Chad Hurley, Steve Chen, and Jawed Karim, the original founders of YouTube, have become some of the wealthiest individuals in the tech industry. According to Forbes, as of 2021, Chad Hurley has a net worth of $355 million, primarily due to his stake in YouTube’s acquisition by Google in 2006.
- The Will to Win
- Two Is Better Than One
- Three Dudes on Valentine’s Day
- Denny’S + Viral Video = A Billion Dollar Deal
- After YouTube
- Chen’S Philosophy = Product Before Anything Else
Originally from Taiwan, Steve Chen immigrated to Illinois as an adolescent after his father was offered a job in the states. He was an avid learner and proved to be a bright student, studying computer science at the University of Illinois at Urbana-Champaign. His competitive spirit and skills as a hardcore coder caught the attention of the legendar...
Chen’s big break came in 1999, when he ventured to California to make a name for himself at PayPal. There, he worked alongside big names like Elon Musk, Peter Thiel, and Max Levchin. More importantly, he met Jawed Karim and Chad Hurley, with whom he would go on to start YouTube.
In the beginning stages of YouTube, the struggle was real. They didn’t have offices — they worked out of their homes. When they did move into offices, they were infested with rats the size of cats! They racked up huge bandwidth bills funded on an array of Chen’s credit cards. Then, one of the founders, Jawed Karim, left YouTube to study at Stanford...
Chen was surprised when companies like Nike uploaded an advertisement featuring Cristiano Ronaldo or when SNL uploaded skits with Andy Sandberg that would go viral on the platform. YouTube quickly became one of the most used web pagesand caught the attention of two tech giants: Yahoo & Google. Chen set up meetings in Redwood, California with both c...
Chen is still out there hustling. He currently works with Google Ventures, a subsidiary of Google that provides funding to tech startups. Even after receiving $326 million in Google stock, he still had his hands in different projects. After YouTube, Chen launched the StartUp AVOS Systems and then a video-editing application called MixBit with Chad ...
How many people can say that they founded a billion dollar company before turning 30? How was Chen so successful at such a young age? The answer is that he believed in his product. During his celebration videoafter the Google acquisition, Chen says, “the most compelling part of this is being able to really concentrate on features and functionality ...
Despite Karim's lower stake in YouTube than Chen or Hurley, he received 137,443 Google shares, then worth more than $64 million, when YouTube sold in 2006.
- Henry Blodget
Apr 17, 2024 · Championing the Tech: As YouTube's former Chief Technology Officer, Chen was the guiding force behind the site's technological infrastructure. His expertise ensured that YouTube could seamlessly handle the deluge of videos uploaded daily, cementing its place as the go-to video-sharing platform.
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Apr 2, 2014 · Chen, YouTube’s chief technology officer, was named to 2006’s “The 50 People Who Matter Now” list by Business 2.0 magazine. That same year, Google bought YouTube for $1.64 billion in stock.
