Have you ever imagined that a dinner brings 3 friends to a huge fortune? It’s fact, not fantasy…and this is the journey of the world’s leading video site.
In 2005, Steve Shih Chen, Chad Hurley and Jawed Karim were hosting a dinner party and after the party was over they tried to trade the funny videos they shot for them, but all methods failed due to the large area of the videos, and the inability of your devices to transfer or even circulate them by email.
YouTube is a billion dollar idea
This simple situation, which millions of young people were going through at the time, was the beginning of the history of YouTube, the most famous site in the world for sharing videos on the Internet quickly and without problems, and that allows everyone to upload videos, regardless of their Size.
Months after this idea, the site called “YouTube” was launched, and the first video with the title (Me at the zoo) was uploaded, a duration of 18 seconds by one of the founders, Jawed Karim.
Steps to set up YouTube
The young Taiwanese immigrant to the United States with his family, who studied at the Illinois State Academy of Sciences and graduated with a degree in computer science, Chad Hurley and Jawed Karim, both worked for Paypal, and formed a wonderful friendship trio extended characterized by intelligence and creativity throughout the period of their joint work.
Subsequently, the giant eBay company acquired Pay Pal, which allowed the three young people to obtain a large financial reward after completing the acquisition of the PayPal company in which they worked, and made them start thinking about investing that money in starting a new and prominent startup. draft.
The “trio of geniuses” launched YouTube, and since its launch in April 2005, the site has achieved great acceptance by users, which has allowed them to obtain rapid and good investment support, allowing them to add very good features. additional techniques to the site, such as a search. cash, and the use of advertising services to cover the expenses of the Company.
In 2006 the site was achieving amazing growth and huge user utilization which got the attention of the giant Google for this distinguished site which is a real treasure, YouTube was a small site and not yet full of content and users.
Both Steve and Shad continued in administrative tasks at YouTube after its sale, while Jawad Karim preferred to go to work as a professor at the prestigious Stanford University.
And Laura Martin, an analyst at Needham Research, said the market value of the video platform, “YouTube,” would be estimated at $140 billion if it were spun off from its parent company, Alphabet.
Today, Google’s total market capitalization is about $2.5 billion.