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Thursday, February 08, 2007

YouTube’s new video, “Take the Money and Run.”

The YouTube founders, Chad Hurley and Steve Chen, investors and executives, have decided its time to get out of Google and to get some cash right now. They filed to sell as much as $1.53 Billion in Google stocks which they received when Google bought YouTube last year. What will Chad Hurley and Steve Chen do when they reach the old age of thirty?

The venture capital firm that was smart enough to help them out, Sequoia Capital, is making out quite well on the deal also, with $504.4 million coming their way. Chad Hurley and Steve Chen are expected to bring in somewhere around $326.2 million each. This should let them buy new cars and get into something new. They could start a film company next!

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