08
February
2007
|
02:42 AM
America/Los_Angeles

2.8.07: YouTube founders took about $300m in sale to Google

Chad Hurley earned $345 million in Google shares as a result of selling YouTube - and co-founder Steve Chen $326 million, AP reports. The third cofounder, Jawed Karim, who dropped out of the company to attend Stanford (see Jawed Who? Meet YouTube's silent partner), received $64 million worth of stock. And Sequoia Capital, the sole VC backer of the company, got back a nice $442 million on their investment. (Did the pension funds invest in Sequoia?)

Google reported these details in SEC filings yesterday. In total, online search leader Google registered about 3.23 million Class A shares to issue to former YouTube stockholders, according to the filing.

Roughly two dozen of YouTube's 70 employees received Google shares, as well.