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Who needs the lottery? YouTube founders won big time in the Google acquisition
Allen Stern - 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.
Read More: money, Quick News


