Thursday, February 08, 2007
YouTube Founders Get $730 Million Payday; Sequoia Gets $440 Million
SEC filing that lists exactly how much they're getting in Google stock for closing the YouTube acquisition in October.
PaidContent highlights the salient points in the filing:
How are YouTube's founders feeling today? Pretty damned good, according to an
PaidContent highlights the salient points in the filing:
- Chad Hurley received 694,087 Google shares and another 41,232 shares in a trust. Based on Google’ market price of $470.01, that values Hurley’s stake at $345.6 million.
- Co-founder Steve Chen received 625,366 Google shares and another 68,721 in a trust, indicating his stake is valued at $326.2 million.
- Jawed Karim, the third co-founder, received 137,443 Google shares, with an indicated value of $64.6 million.
- Sequoia Capital’s holdings include 941,027 Google shares as part of its Sequoia Capital XI fund, with an indicated current value of more than $442.3 million.
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