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Monday, April 15, 2024

YouTube Founders & Investors Cash In Big Time

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.

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