Investors, founders, and several employees at YouTube are very happy today with the announed payouts from Google. Back in October, 2006 Google agreed to purchase YouTube for $1.65 billion in stock. “YouTube’s three founders and Sequoia Capital, its main financial backer, received the biggest windfalls.”
- Chad Hurley, YouTube’s chief executive, was paid in Google shares with a current indicated value of more than $345 million. He received 694,087 shares and an additional 41,232 in a trust.
- Another founder, Steven Chen, received 625,366 shares and another 68,721 in a trust, for more than $326 million. Jarwed Karim, the third co-founder, received 137,443 Google shares, with an indicated value of $64.6 million.
- Sequoia Capital, the sole venture capital backer of YouTube, received 941,027, valued at about $442 million.
[tags]YouTube,Google[/tags]