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Starting small doesn't mean you should end small, and it doesn't mean you should not be open to growth and change.
YouTube today is the powerhouse for all kinds of videos and has made millions of people rich by sharing their video content. But YouTube didn't start big!. Let's dive into how Youtube started.
In late 2004, Chad Hurley, Steve Chen, and Jawed Karim, three early employees of the e-payment startup PayPal started working on an idea for a website for users to upload video-dating profiles. in February 2005 On Valentine's Day, Hurley as CEO registers the trademark, logo, and domain for YouTube.
YouTube-as-a-dating-site attracts little interest and wasn't bringing the result needed forcing the cofounder to take out ads paying women $20 to upload dating videos. And Instead, users started uploading videos of all kinds to YouTube.
In April 2005 the co-founder agreed and Youtube was transformed into a free video-hosting platform where each clip has a unique link. YouTube Whilst still in private beta, had it first video ever uploaded to the website. Called "Me at the Zoo,", the video which has Karim standing in front of elephants at the San Diego zoo talking about their trunk is only 18 seconds long.
YouTube launched its beta version to the public for the first time in May 2005 and by September of the same year, Lauded investment firm Sequoia Capital invested $3.5 million in YouTube's Series A round. Sequoia partner Roelof Botha worked at PayPal with the cofounders, and learned about YouTube after using it to upload old wedding and honeymoon videos.
YouTube sees a video hit 1 million views for the first time in October 2005, the viral video which was Nike ad showing Brazilian soccer player Ronaldinho receiving his pair of "Golden Boots,". and that demonstrated the power of YouTube's role in marketing.
So in December 2005, YouTube officially launched out of beta, and was made available to the public. At this point, YouTube was getting 8 million views a day. Seven months after their first investment, Venture capital firms Sequoia Capital together with Artis Capital Management invest $8 million in YouTube's Series B funding round, bringing total investment in the site to around $12 million.
How Google Bought Youtube.
And then in October 2006, After a back-and-forth battle between Yahoo and Google, Google acquired YouTube for $1.65 billion, giving the cofounders nearly $400 million each in net profits. YouTube moved to its headquarters in San Bruno, California that same day.
Some historic dates about YouTube.
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