MarketingVOX: After months of speculation over how much YouTube’s founders and investors were?paid as part of the $1.65 billion purchase by Google, a regulatory filing has bared it all, the New York Times reports.
YouTube executive and founder Chad Hurley received Google shares valued at $345 million. Fellow founder Steve Chen was paid $326 million in shares. A number of YouTube’s early employees are also listed as having recieved thousands of shares of Google as part of the deal. Jawed Karim, a third founder who left YouTube early in the company’s life, received $64 million in stock.
Also receiving Google stock in the purchase was venture capital firm Sequoia Capital, an early backer of YouTube. The Sequoia Capital XI fund invested $11.5 million in YouTube from late 2005 to early 2006; between two funds, Sequoia received about $62 million in Google shares.
All stock valuations are based on Google’s February 7 closing price of $470.01 a share.
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