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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.)