YouTube was founded in 2005 by Chad Hurley, Steve Chen and Jawed Karim, who were all early employees of PayPal. YouTube is the leader in online video, sharing original videos worldwide through a Web experience. YouTube allows people to easily upload and share video clips across the Internet through websites, mobile devices, blogs, and email.
YouTube is not profitable, with its revenues being noted as "immaterial" by Google in a regulatory filing. Its bandwidth costs are estimated at approximately $1 million a day. It is estimated that in 2007, YouTube consumed as much bandwidth as the entire Internet in 2000, and that around 13 hours of video are uploaded every minute. 11 more images of the you tube's office after the jump.
Everyone can watch videos on YouTube. People can see first-hand accounts of current events, find videos about their hobbies and interests, and discover the quirky and unusual. As more people capture special moments on video, YouTube is empowering them to become the broadcasters of tomorrow.
YouTube received funding from Sequoia Capital in November 2005 and was officially launched one month later in December. Chad Hurley and Steve Chen proceeded to become the first members of the YouTube management team and currently serve as Chief Executive Officer and Chief Technology Officer respectively.
In November 2006, within a year of its launch, YouTube was purchased by Google Inc. in one of the most talked-about acquisitions to date.
YouTube has struck numerous partnership deals with content providers such as CBS, BBC, Universal Music Group, Sony Music Group, Warner Music Group, NBA, The Sundance Channel and many more.
In March 2007, Viacom introduced its much talked about $1 billion lawsuit against Google and YouTube. In a statement explaining why they were pursuing legal action, Viacom stated that “we must turn to the courts to prevent Google and YouTube from continuing to steal value from artists and to obtain compensation for the significant damage they have caused.” The lawsuit was preceded by a takedown request from Viacom ordering YouTube to remove over 100,000 clips from its stable of networks.
Maybe this company doesn’t look so impressive like Google but here are some interesting facts about YouTube:
- YouTube reaches 1Billion Views per day
- YouTube Hits 100 Million U.S. Viewers
- YouTube was acquired by Google for $1.65B
- YouTube received $8M in Series B funding.
- YouTube received $3.5M in Series A funding… and after these facts we can only look at these pictures and guess how much money employees make in this successful company…