YouTube's founders split over $650 million when they sold to Google in 2006-had they held out, they could have split $550 billion
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YouTube's founders split over $650 million when they sold to Google in 2006-had they held out, they could have split $550 billion
"YouTube sold to Google in 2006 for $1.65 billion, with cofounders Chad Hurley and Steven Chen splitting over $650 million worth of stock shares."
"Estimates put today's value of YouTube at $550 billion-a 333x increase from its sale price."
"YouTube may have started as a site to share home videos, but now it's one of the most powerful platforms in the world."
"Chad Hurley received stock worth $345 million, Steven Chen $326 million, and Jawed Karim $64 million from the sale to Google."
YouTube was sold to Google in 2006 for $1.65 billion. Cofounders Chad Hurley and Steven Chen received significant stock shares from the sale, totaling over $650 million. The value of YouTube today is estimated at $550 billion, marking a 333x increase in value. Initially a platform for sharing home videos, YouTube evolved into a global leader in entertainment and advertising, creating billion-dollar careers. Hurley's and Chen’s financial gains from the sale exemplify their high-stakes decision-making as founders.
#youtube #google #acquisition #startups #valuation
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