YouTube Founders, Investors Cash In, Bail Out

Feb 8, 2007 | 1,684 views | by Navneet Kaushal
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According to Bloomberg, YouTube founders Chad Hurley and Steve Chen have registered to sell 3.23 million shares. Another Founder Jawed Karim has also registered to sell shares worth $64.6 million. Google has filed with the U.S. Securities and Exchange Commission for the sell offs. The prevailing value of the shares that each founder is selling is around $326.2 million.

However, the founders are not alone. YouTube's largest investor Sequoia Capital has also been predicted to sell shares worth $504.4 million. The list of investors who stand to benefit from the takeover of YouTube are:

Artis Capital Management LLC, a hedge fund, may sell Google stock worth about $83 million. Brown University, Dartmouth College, the Ford Foundation, J. Paul Getty Trust and Oxford University Fund L.P. are among more than 100 investors that will benefit through Sequoia Capital's investment.

As per employees, they will have to wait until their shares are eligible for sale. Google will have to pay registration fees for the shares amounting to $333,337.

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Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
4.thumbnail YouTube Founders, Investors Cash In, Bail Out
4.thumbnail YouTube Founders, Investors Cash In, Bail Out