YouTube founders laughing to the bank

Posted by Hyder on February 8th, 2007

If somebody gets a video of the YouTube founders going to the bank with a convoy of armored trucks laughing please post it on YouTube.

The founders of YouTube Jawed Karim, Chad Hurley and Steve Chen are finally getting to cash in on their video sharing website they created in 2005 and sold to Google for $1.65 billion dollars. (pinkie to lip now muahahaha)

While Chad and Steve get way more than Jawed, who left to go back to college I feel should be rightly credited for the concept, as this clipping from usatoday states -

Still, Karim, 27, would like more people to know that he was YouTube’s third co-founder — and, he says, the guy who first suggested the idea that became the company. “It took the three of us,” he said Wednesday.

So nice of him.

Here’s how they are splitting the cash Jawed gets approx $64.6 million (not bad) and Chad and Steve get around $326 million each. The rest of the $1.65 billion goes to the other investors in Sequoia Capital.

Here is the first video uploaded to YouTube by Jawed.

You can read more here.

Technorati Tags: YouTube, web 2.0, google, videos

Category: Web Startups

~ 3 Comments so far...have your say ~

MrsChitwood6

February 9th, 2007 at 8:02 am

i think that poor young man is getting ripped off!! he should atleast get 100 million in my opinion. geeez! it sounds like the other two are money hungry if they aren’t willing to share the wealth w/ him. sad…so sad. our world is full of money hungries and it really bothers me sometimes.
the english guy

February 19th, 2007 at 8:23 am

If they put the time and effort in, while the other guy went back to college, they should get the lion’s share. Karim is being amply rewarded, is he not? Who would scoff at $60+ million?
Ali

February 19th, 2007 at 8:44 am

Well he is getting enough for his idea. I believe he only went back to college after the site took off - so the time and effort to get it to that point was probably equal by all three members.

All opinions welcome.

$60 Million is not bad at all, like I stated in the post.