A few weeks ago, YouTube founders said they wouldn’t take less than $1.5 billion to sell the company. We thought that was a BS number and that they just didn’t want to part with their baby.
Google ended up paying $1.65 billion for it, with that insane amount of cash supposedly justified by YouTube’s exclusive distribution rights with television and music companies. The two elated YouTube founders, Chad Hurley and Steve Chen, recorded this off the cuff video outside a San Bruno TGI Friday’s.
User-populated YouTube is still having copyright issues with legally restricted content, and it’s unknown if Google will make people subscribe or if they’ll flood the videos with ads. It seems like YouTube is in good hands, though, as behemoth Google has a great reputation and already has relationships with many of the companies claiming copyright infringement against YouTube.
This news makes me nostalgic for the good old days when I could quit a job out of boredom and get several new offers within a week. Paper millionaires were abound, and wide-eyed freaks called themselves evangelists while using bullshit words like “synergistic” and “mindshare.” Sadly, nearly every place I worked, especially the ones with the Aeron chairs, coffee bars and foosball tables, went out of business.
Hurley and Chen are now hot properties, and it wouldn’t be surprising if they start showing up at events with a famous model or actress in tow.
great for those guys, they deserve it. youtube was an unique and great idea
I’m actually considering investing in Google because of this. Too bad they couldn’t get MySpace. I would retire at the ripe age of NOW.