Most of use You Tube , but do you know atleast who founded it or how was it founded. Let's look a t the full story.
YouTube was founded by three former PayPal employees Jawed Karim , chad, chen.Chad Hurley, Steve Chen
got the idea for Youtube when, after a dinner party at Steve's San Francisco apartment. They taken some video's of the event had wanted to share it . They had Problem sharing videos of the event. This event sparked the idea of a creating a video sharing tool.
No company, of course, is ever founded in a single moment, and YouTube evolved over several months. The acutal credit for YouTube goes to a Wired Magazine article about BitTorrent by Clive Thompson in the magazine’s January 2005 issue. The story included the calculation that 867,000 people watched Jon Stewart’s brilliant on-air harangue against Crossfire, while three times that many saw it online. Karim says he was captivated by the idea of an emerging clip culture.
Witnessing the boom of online grassroots video, realized the need for a decent service that made the process of uploading, watching and sharing videos hassle-free. The confluence of broadband penetration, Flash 7, digital cameras and phones, and cheap bandwidth also contributed to the YouTube’s birth .They registered the domain YouTube.com on February 15th, 2005 and developed the site over the following months from a garage in Menlo Park. In May 2005 they launched in a public beta.
First video was uploaded on April 23, 2005 by Karim, it shows Karim himself standing in front of elephants at the zoo. “The cool thing about these guys it they have really, really, really long trunks,” he says. That’s about it.
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Steve Shih Chen
Steve Shih Chen is the co-founder and Chief Technology Officer of the popular video sharing website YouTube.
Chen was born in August 1978 in Taiwan. Hegrew up in Taiwan until the age of 8, when his family emigrated to the United States. He attended high school at John Hersey High School as well as the Illinois Math and Science Academy and college from the University of Illinois at Urbana-Champaign. He was an early employee at PayPal, where he met Chad Hurley and Jawed Karim. In 2005, the three founded YouTube, a video sharing website.
He currently holds the position of Chief Technology Officer at YouTube. Chen was also an early employee at Facebook, although he left after several months to start YouTube. In June 2006, Chen was named by Business 2.0 as one of the "The 50 people who matter now" in business. In August 2006, Chen told Reuters news agency it was hoped that within 18 months the site would "have every music video ever created."
On October 16, 2006, Chen and Hurley sold YouTube to Google, Inc. for $1.65 billion. Chen received 625,366 shares of Google and an additional 68,721 in a trust as part of the sale. The Google shares that he received were worth $326 million at Google's Feb. 7, 2007 closing stock price of $470.01.
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