Chad Hurley

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Chad Hurley
Chad Hurley - World Economic Forum Annual Meeting Davos 2009.jpg
World Economic Forum Annual Meeting 2009, Davos, Switzerland.
1st CEO and Co-Founder of YouTube
In office
February 14, 2005 (2005-02-14) October 29, 2010 (2010-10-29)
Succeeded by Salar Kamangar
Personal details
Born
Chad Meredith Hurley

(1977-01-24) January 24, 1977 (age 42)
Reading, Pennsylvania, U.S.
Education Indiana University of Pennsylvania
OccupationCo-Founder & former CEO of YouTube
Co-Founder & former CEO of MixBit
Salary$4.5 million
Net worth$355 million

Chad Meredith Hurley (born January 24, 1977) is an American media mogul, co-founder and former CEO of the video-sharing websites YouTube and MixBit. [1] In June 2006, he was voted 28th on Business 2.0's "50 People Who Matter Now" list. In October 2006, he and Steve Chen sold YouTube for $1.65 billion to Google. [2] Hurley worked in eBay's PayPal division—one of his tasks involved designing the original PayPal logo [3] —before starting YouTube [4] with fellow PayPal colleagues Steve Chen and Jawed Karim. [5] Hurley was primarily responsible for the tagging and video-sharing aspects of YouTube. [6]

Contents

Personal life

Hurley was born in Reading, Pennsylvania, the second child of Don and Joann Hurley, and grew up near Birdsboro, Pennsylvania.[ citation needed ] He has an older sister, Heather, and a younger brother, Brent.[ citation needed ]

Since childhood, Hurley showed interest in the arts, and became interested in computers and electronic media during high school. [7] He was a standout runner for Twin Valley High School's cross-country program, which won two of its PIAA State titles with him as a member in 1992 and 1994. He was also a member of the Technology Student Association during high school. He graduated from Twin Valley High School, Elverson in 1995 and went on to receive his B.A. in Fine Art from Indiana University of Pennsylvania in 1999. [8]

By his marriage to Kathy Clark, Hurley is the son-in-law of Silicon Valley entrepreneur James H. Clark. [9]

YouTube

Chad Hurley in 2007. ChadHurleyJI1.jpg
Chad Hurley in 2007.

Hurley founded YouTube in 2005 with Steve Chen and Jawed Karim. On October 16, 2006, Chen and Hurley sold YouTube to Google Inc. for $1.65 billion. It was reported in the Wall Street Journal that Hurley's share was $345.6M at Google's February 7, 2007 closing stock price of $470.01. He received 694,087 Google shares directly and another 41,232 shares in a trust.

YouTube's other two co-founders, Steve Chen and Jawed Karim, received 625,366 shares and 137,443 shares, respectively valued at $326.2M and $64.6M. The Journal's report was based on Google's registration statement with SEC filed on February 7, 2007.

Hurley stepped down as CEO of YouTube in October 2010 and stated he would stay on as an advisor of YouTube, allowing Salar Kamangar to take over the CEO position. [10]

MixBit

In August 2013, Hurley launched another company called MixBit which does video editing using smartphones. [1] According to Steve Chen, it was Chad's idea to turn Avos into MixBit even before the inception of YouTube. [11]

The App resembles other famous short-video recording smartphone apps such as; Vine, Instagram and Vyclone. Its limit of recording stretches up to 256 clips, each clip can be maximum 16 seconds long. It also features the editing tools similar to its other competitor apps. [12]

Mixbit now Zeen was acquired by BlueJeans in August 2018. [13]

Formula One

Chad was involved as a major investor with US F1 Team, one of the new entrants in Formula One automobile racing for the 2010 season. On March 2, 2010, the team's personnel were dismissed from their duties and the team was unofficially shut down. Neither Hurley, team principal Ken Anderson nor sporting director Peter Windsor would comment on the team's failure to make it to the grid. [14]

Investments

Hurley has made several investments. He is a part-owner of the NBA's Golden State Warriors and the MLS' Los Angeles Football Club. [15]

Related Research Articles

StumbleUpon was a discovery and advertisement engine that pushed web content recommendations to its users. Its features allowed users to discover and rate Web pages, photos and videos that are personalized to their tastes and interests using peer-sourcing, social-networking and advertising principles. The service shut down in June 2018.

YouTube Video-sharing service owned by Google

YouTube is an American video-sharing platform headquartered in San Bruno, California. Three former PayPal employees—Chad Hurley, Steve Chen, and Jawed Karim—created the service in February 2005. Google bought the site in November 2006 for US$1.65 billion; YouTube now operates as one of Google's subsidiaries.

Steve Chen Taiwanese-American businessman

Steven Shih Chen is an American Internet entrepreneur who is one of the co-founders and previous chief technology officer of the video-sharing website YouTube. After having co-founded the company AVOS Systems, Inc. and built the video-sharing app MixBit, he joined Google Ventures in 2014.

Internet video or online video is the general field that deals with the transmission of video over the Internet. Internet video exists in several formats, the most notable being MPEG-4 AVC, AVCHD, FLV, and MP4.

Jawed Karim co-founder of YouTube

Jawed Karim is an American computer scientist and Internet entrepreneur of Bangladeshi-German descent. He is the co-founder of YouTube, and the first person to upload a video to the site. This inaugural video, titled Me at the zoo uploaded on April 23, 2005, has been viewed over 82 million times as of December 2019. During Karim's time working at PayPal, where he met the fellow YouTube co-founders Steven Chen and Chad Hurley, he had designed many of the core components including its real-time anti-internet-fraud system.

Powerset was an American company based in San Francisco, California, that, in 2006, was developing a natural language search engine for the Internet. On July 1, 2008, Powerset was acquired by Microsoft for an estimated $100 million.

YouTube was created by three PayPal employees as a video-sharing website where users could upload, share and view content. The Internet domain name "www.youtube.com" was activated on Monday, February 14, 2005, at 9:13 p.m.

YouTube Awards former promotion run by the website YouTube to recognize the best user-generated videos of the year

The YouTube Awards was a promotion run by the video-sharing website YouTube to recognize the best user-generated videos of the year. The awards were presented twice, in 2007 and 2008, with winners being voted for by the site's users from shortlists compiled by YouTube staff. YouTube was launched on February 14, 2005, and quickly began to grow – by July 2006, traffic to the site had increased by 297 percent. As a result of this success, in March 2007 YouTube launched their own awards promotion to honor some of the site's best videos. Seven shortlists were compiled, with ten videos per shortlist. Users were invited to vote for the winners over a five-day period at a dedicated web page. Singer Damian Kulash, whose band OK Go won in the Most Creative category for their music video Here It Goes Again, said that receiving a YouTube Award was a surreal honor and that the site was changing culture "quickly and completely".

Live streaming live broadcasting via the Internet

Live streaming refers to online streaming media simultaneously recorded and broadcast in real time. It is often referred to simply as streaming, but this abbreviated term is ambiguous because "streaming" may refer to any media delivered and played back simultaneously without requiring a completely downloaded file. Non-live media such as video-on-demand, vlogs, and YouTube videos are technically streamed, but not live streamed.

<i>Me at the zoo</i> The first video ever uploaded to YouTube

Me at the zoo is the first video that was uploaded to YouTube. It was uploaded on April 23, 2005 at 20:27:12 PDT by the site's co-founder Jawed Karim, with the username "jawed" and recorded by his high school friend Yakov Lapitsky.

2007 Webby Awards

The 11th annual 2007 Webby Awards were held in New York City on June 3, 2007. They were hosted by comedian Rob Corddry and were judged by the International Academy of Digital Arts and Sciences. The ceremony saw 8,000 entries from over 60 countries and all 50 United States. Lifetime achievement awards were given to David Bowie and YouTube founders Chad Hurley and Steve Chen. This award ceremony for the first time introduced category awards beyond Websites in the three new super-categories: Interactive Advertising, Mobile & Apps, and Online Film & Video.

PayPal Mafia Term for a group of former PayPal employees and founders who have since founded and developed additional technology companies

"PayPal Mafia" is a group of former PayPal employees and founders who have since founded and developed additional technology companies such as Tesla Motors, LinkedIn, Palantir Technologies, SpaceX, YouTube, Yelp, and Yammer. Most of the members attended Stanford University or University of Illinois at Urbana–Champaign at some point in their studies. Six members have become billionaires.

YouTube Instant is a real-time search engine built and launched in September 2010 by nineteen-year-old college student and Facebook-software-engineer intern Feross Aboukhadijeh of Stanford University that allows its users to search the YouTube video database as they type. It follows on the heels of Google Instant, and has been described as a "novelty toy", a "prototypal digit to tie the “instant” bandwagon" as well as a "completely excellent way to waste 15 minutes".

Salar Kamangar Former CEO of YouTube

Salar Kamangar is an Iranian-American senior executive at Google and former CEO of Google's YouTube brand.

Qwiki was a New York City based startup automated video production company. Qwiki released an iPhone app that automatically turns the pictures and videos from a user's camera roll into movies to share. The company's initial product, an iPad application that created video summaries of over 3 million search terms, was downloaded more than 3 million times and named by Apple as the best "Search and Reference" application of 2011.

Vine (service) Short-form video hosting service

Vine was a short-form video hosting service where users shared six-second-long, looping video clips. It was founded in June 2012; American microblogging website Twitter acquired it in October 2012, before its launch on January 24, 2013. Videos were published through Vine's social network, and could be shared on other platforms such as Facebook and Twitter. The Vine app could be used to browse videos, along with groups of videos by theme, and "trending" videos. Vine competed with other social-media services such as Instagram and Mobli.

MixBit was a video sharing service that was created by two of the three co-founders of YouTube, Steve Chen and Chad Hurley. It started on August 8, 2013. MixBit's website lets users create dynamic shared videos. It competed with Vine and Instagram in the video sharing website market.

Jeremy Stoppelman American business executive

Jeremy Stoppelman is an American business executive. He is the CEO of Yelp, which he co-founded in 2004. Stoppelman obtained a bachelor's degree in computer engineering from the University of Illinois at Urbana–Champaign in 1999. After a short time working for @Home Network, he worked at X.com and later became the VP of Engineering after the company was renamed PayPal. Stoppelman left PayPal to attend Harvard Business School. During a summer internship at MRL Ventures, he and others came up with the idea for Yelp Inc. He turned down an acquisition offer by Google and took the company public in 2012.

A YouTuber, also known as a YouTube personality or YouTube content creator, is a type of videographer who produces videos for the video-sharing website YouTube. Networks sometimes support YouTube celebrities. Some YouTube personalities have corporate sponsors who pay for product placement in their clips or production of online ads.

Serge Faguet is a Russian internet entrepreneur in Silicon Valley and Russia. He is the founder of Tokbox, a PaaS video communications company; Ostrovok.ru, a Russian online travel company; and Mirror AI, a computer vision consumer application.

References

  1. 1 2 "YouTube Founders Launch New Video-Sharing App MixBit". PC Magazine.
  2. "Google Has Acquired YouTube". techcrunch.com. Retrieved June 28, 2010.
  3. "Web 2.0 Summit – November 7–9, 2006 – San Francisco, CA: Speaker". Web2con.com (archived copy). Archived from the original on March 9, 2011. Retrieved March 21, 2016.
  4. Delaney, Kevin J. (October 10, 2006). "Google Looks To Boost Ads With YouTube". The Wall Street Journal.
  5. Graham, Jefferson (November 21, 2005). "Video websites pop up, invite postings". USA Today. Gannett Co. Inc. Retrieved July 28, 2006.
  6. Stone: Is YouTube the Napster of Video? – Newsweek Brad Stone – MSNBC.com Archived October 28, 2006, at the Wayback Machine
  7. Hammock, Rex (July 30, 2015). "YouTube Co-founder Chad Hurley's Advice to Small Business Owners" . Retrieved July 4, 2018.
  8. IUP News and Events – What They Said, Iup.edu, November 2008.
  9. Cloud, John (25 December 2006). "The YouTube Gurus" . Retrieved 22 September 2018 via content.time.com.
  10. Kerr, Ronny. "Chad Hurley isn't really YouTube CEO anymore". VatorNews. Retrieved November 11, 2010.
  11. "YouTube Co-Founders Split As Hurley Spins Out MixBit And Chen Joins Google Ventures – TechCrunch". techcrunch.com. Retrieved 2018-04-24.
  12. "YouTube founders remix Vine and Instagram with Mixbit for iOS". The Verge. Retrieved 2018-04-24.
  13. Collier, Matt. "BlueJeans Makes Moves with MixBit". BlueJeans Blog. BlueJeans. Retrieved September 20, 2018.
  14. "Team US F1 shuts down operation". Autosport.com. Retrieved November 16, 2010.
  15. "LAFC - Los Angeles Football Club" . Retrieved 15 October 2016.