Just How Jealous to be of Chad & Steve
Google filed today a regulatory form registering beneficiaries from its purchase of YouTube to sell stock. In doing so, it revealed approximately how much people with a significant stake in YouTube stand to make from sales of their shares.
YouTube founders Chad Hurley, Steve Chen, Jawed Karim are indeed fabulously wealthy, the filing confirmed. With a Google share closing price of $470.01, the Wall Street Journal calculated, Hurley’s shares are worth $345.6 million, Chen’s $326.2 million, and Krim’s $64.6 million.
Venture capital firm Sequoia Capital’s shares are worth about $442.3 million, after providing $11.5 million worth of funding over two rounds.
Want to see how rich all the members of Hurley and Chen’s families are? The filing has the share breakdown.
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Unreal. Even the Chen family made over 8 mill each. I wonder how much they ponied up.
dan on February 7th, 2007 at 10:21 pm - Permalink
[…] This is scary… Google filed today a regulatory form registering beneficiaries from its purchase of YouTube to sell stock. In doing so, it revealed approximately how much people with a significant stake in YouTube stand to make from sales of their shares. […]
Nogz Blogz 3.4 » New Flock, Private Planes After The Super Bowl and YouTube Millionaires on February 8th, 2007 at 3:08 am - Permalink
Why on earth that google stock continue to go higher while its own executives have been selling like a mad fiend! $7.8 billion in less than 2 years!!!
http://www.secform4.com/insider-trading/1288776.htm
Vic on February 8th, 2007 at 2:39 pm - Permalink
I wonder if there are any restriction on the sale of the securities. They are still executives, so there must be insider trading rules that apply here.
Given YouTube’s inability to close major deals with content owners, I presume Chad and Steve are laughing their way to the bank.
Chris D on February 9th, 2007 at 7:12 am - Permalink