ponto
October 10th, 2006, 08:25 AM
A profitless Web site started by three 20-somethings after a late-night dinner party is sold for more than a billion dollars, instantly turning dozens of its employees into millionaires.
The price tag Google paid may simply have been the cost of beating its rivals
It was also perhaps the only price that two YouTube founders, Chad Hurley, 29, and Steven Chen, 28, and their big venture capital backer, Sequoia Capital Partners, were willing to accept, given that they most likely could have continued as an independent company.
A third YouTube founder, Jawed Karim, left the company to pursue an advanced degree at Stanford.
More (http://www.nytimes.com/2006/10/10/technology/10deal.html?pagewanted=2&_r=2&ref=technology)
The price tag Google paid may simply have been the cost of beating its rivals
It was also perhaps the only price that two YouTube founders, Chad Hurley, 29, and Steven Chen, 28, and their big venture capital backer, Sequoia Capital Partners, were willing to accept, given that they most likely could have continued as an independent company.
A third YouTube founder, Jawed Karim, left the company to pursue an advanced degree at Stanford.
More (http://www.nytimes.com/2006/10/10/technology/10deal.html?pagewanted=2&_r=2&ref=technology)