Chad Hurley

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Chad Hurley
Chad Hurley - World Economic Forum Annual Meeting Davos 2009.jpg
Hurley at the World Economic Forum 2009
Born
Chad Meredith Hurley

(1977-01-24) January 24, 1977 (age 47)
Alma mater Indiana University of Pennsylvania (BA)
Occupation(s)Webmaster
Businessman
Known forCo-founder of YouTube and AVOS
Successor Salar Kamangar (as CEO of YouTube)

Chad Meredith Hurley (born January 24, 1977) is an American webmaster and businessman who serves as the advisor and former chief executive officer (CEO) of YouTube. He also co-founded MixBit. [1] 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 co-founding 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

Early life and education

Hurley was born in Reading, Pennsylvania, the second child of Don and Joann Hurley, and grew up near Birdsboro, Pennsylvania. [7] He has an older sister, Heather, and a younger brother, Brent. [8]

Since childhood, Hurley showed interest in the arts, and became interested in computers and electronic media during high school. [9] 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 in 1995 and earned a B.A. in Fine Art from Indiana University of Pennsylvania in 1999. [10]

Career

YouTube

Hurley in 2007 ChadHurleyJI1.jpg
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. (now Google LLC) 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.[ citation needed ]

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. [11]

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. [12]

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, and each clip can be maximum 16 seconds long. It also features the editing tools similar to its other competitor apps. [13]

Formula One

Hurley 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 minority owner of the NBA's Golden State Warriors and the MLS' Los Angeles Football Club. [15]

On the January 25, 2021, Hurley announced on Twitter that he had become an investor at Leeds United, the English Premier League football club. [16] [17]

Personal life

Hurley was formerly married to Kathy Clark, the daughter of Silicon Valley entrepreneur James H. Clark. [18] They were divorced in 2012. [19] Hurley remarried in 2020 to Elise Walden. [20]

Related Research Articles

<span class="mw-page-title-main">Indiana University of Pennsylvania</span> Public university in Indiana, Pennsylvania, U.S.

Indiana University of Pennsylvania (IUP) is a public research university in Indiana, Pennsylvania. As of fall 2021, the university enrolled 7,044 undergraduates and 1,865 postgraduates, for a total enrollment of 9,009 students. The university is 55 miles (89 km) northeast of Pittsburgh. It is governed by a local Council of Trustees and the Board of Governors of the Pennsylvania State System of Higher Education. IUP has branch campuses at Punxsutawney, Northpointe, and Monroeville. IUP is accredited by the Middle States Commission on Higher Education.

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YouTube is an American online video sharing and social media platform owned by Google. Accessible worldwide, it was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim, three former employees of PayPal. Headquartered in San Bruno, California, United States, it is the second most visited website in the world, after Google Search. YouTube has more than 2.5 billion monthly users, who collectively watch more than one billion hours of videos every day. As of May 2019, videos were being uploaded to the platform at a rate of more than 500 hours of content per minute, and as of 2023, there were approximately 14 billion videos in total.

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