How 3 young people went from creating a dating site called YouTube to being millionaires

What we know today as YouTube was born as a space for men and women to share on video who they were and who they were looking for in love. This is the story of the 3 young creators of the site, on the birthday of the platform.The parents of the site, young Steve Chen, Chad Hurley and Jawed Karim, registered the name of the portal on Valentine’s Day 2005.

Karim uploaded on April 23 of that year the first YouTube video , “Yo en el zool√≥gico”, a small 18-second clip that does not sound romantic at all.

“Well, here we are, in front of the elephants, the great thing about these guys is that they have really big trunks, that’s great, that’s all I have to say.”Little time passed for the three young men to accept that their idea was a failure.
But all was not lost because they realized that they had in their hands a valuable platform, at a time when uploading home videos to the internet was just beginning to take flight.At that time they decided to forget about the appointments and open it for any video, Chen explained a couple of years ago during a conference in Texas.

And it was a great success.Hardly a year passed and in October 2006 the three young people made the business of their lives: they sold the platform to Google for US $ 1,650 million.

And Chen, Karim and Hurley perhaps did not get appointments in 2006, but they enjoy the turn that their romantic idea gave and their advice is very well valued in the technology business .

Arrival in Silicon Valley

The three YouTube co-founders do not have a common origin, but crossed paths after leaving university.

Steve Shih Chen was born in 1978 in Taiwan . As a teenager, he moved with his family to the United States where he graduated from the University of Illinois at Urbana-Champaign.

Jawed Karim is also an immigrant. He was born in 1979 in what was the German Democratic Republic and came with his family to the United States in the early 1990s, where he studied at the same university as Chen.

Chad Hurley was born in Pennsylvania (eastern USA) in 1977 and studied at Indiana University in the same state.

The three young men met in 1999 on their first day as employees of the PayPal electronic payment site in Silicon Valley, California.As engineers, Chen participated in the development of the PayPal site and Karim operated the anti-fraud security system; Hurley, a graduate in fine arts, collaborated with the design of the user interface.

The three minds joined in 2005 to create the first version of YouTube.

Chen and Hurley

Although they continued as YouTube executives, over the years the three retired from the platform to start other businesses.

You can see: Slowly, the most watched video of the story deleted by a cyber attack to YouTube

Steve Chen and Chad Hurley joined in 2011 to found AVOS Systems, a technology firm that helps developers create mobile applications and online services.

But they have also tried to re-influence the video platforms with two applications: Mixbit, which facilitates the editing of videos, and Wanpai, an app to share short videos similar to what Vine was.They also managed from 2011 to 2014 the Delicious platform, one of the pioneers among the applications that allow to save and manage links of web pages. The service no longer exists.

Currently, Chen is part of GV (formerly known as Google Ventures), a branch of Alphabeth – Google’s parent company – dedicated to investing in technology businesses.

But he has also been a consultant to numerous firms, such as WI Harper Group, Hearsay Social, Kiva Microfunds, SparkLabs Taipei and VentureBeat Profiles, according to Bloomberg .

Leave a Reply

Your email address will not be published. Required fields are marked *