February 8, 2007 at 13:11How much YouTube founders earned
It is clear that the sale of a 20-month-old YouTube startup for $ 1.65 billion was to replenish the cash accounts of the founders, investors and the first employees of the company. However, until yesterday we did not know the exact amount of their remuneration. The answer came yesterday with an official Google report before the SEC commission. The amounts owed to these guys are huge even by Silicon Valley standards.
The coolest part of the deal was YouTube’s co-founders. The founder and director of the company Chad Hurley (Chad Hurley) received 694,087 shares of Google and an additional 41,232 shares on credit. If you evaluate based on yesterday's closing price of $ 470.01, then this package costs $ 345.6 million .
Another founder, Steven Chen, received 625,366 shares immediately and 68,721 on credit (most likely, the second part of the shares is transferred when YouTube reaches certain indicators), with a total value of $ 326.2 million .
One can only envy successful investors from the Sequoia Capital XI venture capital fund. From November 2005 to April 2006, they invested a total of $ 11.5 million in startups, and received 941,027 shares worth $ 442.3 million as compensation . Sequoia venture capital fund is considered one of the most successful in the world; it was also a leading investor in a Google startup before its listing.
If someone can be envied, then someone is quite the opposite. It turns out that YouTube also had a third co-founder - Jawed Karim, but he left it at the very beginning, so as not to be distracted from studying at Stanford University, where he studies computer science. The student received 137,443 shares worth $ 64.6 million . This is good money, but very little compared to the other founders. The price of the diploma was too high.
Another venture fund Artis Capital Management, which also participated in the financing of the startup, received about $ 83 million in shares.
At the time of the sale of YouTube in October 2006, the startup was less than two years old, and the company employed only about 70 employees. Of these, about twenty people who were in the company almost from the very beginning are also indicated in the financial statements of Google: they received several thousand shares of Google. For example, a spokeswoman received 10,308 shares worth $ 4.8 million. Some programmers received even more. The maximum package went to the leading programmer Yu Pan (Yu Pan) - 75,593 shares worth $ 35.5 million.
The deal to buy YouTube was the largest in the history of Google.
The coolest part of the deal was YouTube’s co-founders. The founder and director of the company Chad Hurley (Chad Hurley) received 694,087 shares of Google and an additional 41,232 shares on credit. If you evaluate based on yesterday's closing price of $ 470.01, then this package costs $ 345.6 million .
Another founder, Steven Chen, received 625,366 shares immediately and 68,721 on credit (most likely, the second part of the shares is transferred when YouTube reaches certain indicators), with a total value of $ 326.2 million .
One can only envy successful investors from the Sequoia Capital XI venture capital fund. From November 2005 to April 2006, they invested a total of $ 11.5 million in startups, and received 941,027 shares worth $ 442.3 million as compensation . Sequoia venture capital fund is considered one of the most successful in the world; it was also a leading investor in a Google startup before its listing.
If someone can be envied, then someone is quite the opposite. It turns out that YouTube also had a third co-founder - Jawed Karim, but he left it at the very beginning, so as not to be distracted from studying at Stanford University, where he studies computer science. The student received 137,443 shares worth $ 64.6 million . This is good money, but very little compared to the other founders. The price of the diploma was too high.
Another venture fund Artis Capital Management, which also participated in the financing of the startup, received about $ 83 million in shares.
At the time of the sale of YouTube in October 2006, the startup was less than two years old, and the company employed only about 70 employees. Of these, about twenty people who were in the company almost from the very beginning are also indicated in the financial statements of Google: they received several thousand shares of Google. For example, a spokeswoman received 10,308 shares worth $ 4.8 million. Some programmers received even more. The maximum package went to the leading programmer Yu Pan (Yu Pan) - 75,593 shares worth $ 35.5 million.
The deal to buy YouTube was the largest in the history of Google.
