Click Image to Enlarge.

A year and a half ago Steven Chen and Chad Hurley used credit cards to launch their video site, YouTube. The site was soon hosting 100 million video clips. Chen and Hurley were concerned. With no advertising, the more viewers the site drew the more money they lost. (Forbes has the details here.)

No problem.  This week Google snapped up YouTube as part of its world take-over program.  The 20 something Chen and Hurley are now billionaires. (The Independent has a good account.)

This entry was posted on Wednesday, October 11th, 2006 at 10:19 am and is filed under Technology. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.