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Just How Rich Are Those YouTube Guys?

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Exactly how much money it took to make YouTube founders Chad Hurley and Steve Chen giddy as the schoolboys they are in this Google acquisition announcement video? Google’s latest SEC filing shows it’s roughly equivalent to the gross domestic product of Djibouti.

Google’s YouTube buyout for $1.65 billion in stock was divided up among YouTube’s tiny, and young, founding staff, who spent nearly two whole years building up a veracious audience as ridiculous in number as the buyout price. 100 million daily video streams leads back to a place that is stealing visitors from media king television.

Hurley’s 694,087 Google shares would cash in today for about $345.6 million. Chen’s cut is slightly less, but still enough to build a house out of nickels, or $326 million. The other cofounder nobody ever talks about, Jawed Karim raked in a paltry-by-comparison $64.6 million.

Fortunately for Karim, he doesn’t get a pencil drawing of himself in the Wall Street Journal, but gets to laugh at Hurley and Chen when they shriek “do I really look like that?”

But the big winner was Sequoia Capital, who brought home Scrooge McDuck swimming money, or about $442 million.

Rafat Ali over at PaidContent, ponders what kind of agreement Google made with Vivendi’s Universal Music Group, Sony BMG, and Warner Music Group. The record companies reportedly strong-armed a copyright licensing agreement with Google almost immediately after the deal was struck. However, as Ali mentions, there is no mention of said agreement in the SEC filing.

Interestingly, our old pain-is-money TV circus ringleader Maury Povich is on the list of benefactors in the filing, receiving 170 shares valued at about $80,000. That’s just enough to get Connie another facelift. Or some singing lessons.

Well, maybe not enough to cover those. Not even close, actually.

Just How Rich Are Those YouTube Guys?
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