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Who needs the lottery? YouTube founders won big time in the Google acquisition
by Allen Stern on February 8th, 2007
Yesterday the numbers were revealed on the Google acquisition of YouTube. The New York Times has a good writeup about it. Here is the net result for the three founders of YouTube:
- Chad Hurley received 694,087 shares of Google and an additional 41,232 in a trust worth more than $345 million.
- Steven Chen, received 625,366 shares and an additional 68,721 in a trust, for more than $326 million.
- Jawed Karim, received 137,443 shares worth more than $64 million.
And then there is Sequoia Capital XI. Sequoia invested close to $11.5 million in YouTube from November 2005 to April 2006, was listed as having 941,027 shares, which are valued at more than $442 million.
