MarketingVOX: The Voice of Online Marketing | MEDIA KIT | NEWS TIPS

YouTube's Windfall from Google Detailed


Millions of reasons to smile

After months of speculation over how much YouTube's founders and investors were paid as part of the $1.65 billion purchase by Google, a regulatory filing has bared it all, the New York Times reports.

YouTube executive and founder Chad Hurley received Google shares valued at $345 million. Fellow founder Steve Chen was paid $326 million in shares. A number of YouTube's early employees are also listed as having recieved thousands of shares of Google as part of the deal. Jawed Karim, a third founder who left YouTube early in the company's life, received $64 million in stock.

Also receiving Google stock in the purchase was venture capital firm Sequoia Capital, an early backer of YouTube. The Sequoia Capital XI fund invested $11.5 million in YouTube from late 2005 to early 2006; between two funds, Sequoia received about $62 million in Google shares.

All stock valuations are based on Google's February 7 closing price of $470.01 a share.

Related Topics

major players news
biz buzz
people
entertainment

Search

VideoEgg
sponsor
E-Mail This Story email this story «
Related stories:

Subscribe to MarketingVOX|News

MARKETING JOBS