GoogleTube
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- ********0
The owners will make a shite load of cash, but the real winners will be the venture capital fund that financed them...I'm sure they will get a huge chunk of the loot.
They are the same firm that financed Google, so if you need a loan, I am sure they are pretty cashed up!
Google is now worth amost $120 BILLION!!! The two guys that started it are worth about $15 BILLION EACH!!!
- blackspade0
whats 15 bill between friends ah ?
- BuddhaHat0
Taken from techcrunch.com:
'Sequoia was among YouTube’s first funders, providing $11.5 million in two rounds. When $25 million more was rumored to have come from parties unknown this April, Michael Arrington wrote that Sequoia likely did whatever it could to maintain it’s equity share in the company. He estimated that share was between 25% and 30%.
What does this mean? If Sequoia put in $11.5 million for 30% of the company, and if in fact YouTube is being acquired for $1.6 billion then Sequoia’s stake translates into approximately $480 million (subject to a slight adjustment upwards if Sequoia had what is known as participating preferred stock).
That’s a multiple of more than 41 times what was invested in a company founded in February 2005.
wow.
- ********0
Fuck me...why can't anything like that hapen to me? I'm not greedy - $50-$100 mill would be more than enough for me...
- laurus0
damn. i knew i should have offered more.
- rafalski0
What was their idea anyway? Hosting videos with comments?
What was it supposed to make money from? Ads? Acquisition by Google?
- ********0
you guys in the US and Canada have a funny way with numbers.
$1.65 billion is not a mathematical billion.Witt
(Oct 9 06, 14:10)Witt, I don't get it. I just posted it.
Jaline
(Oct 9 06, 18:07)
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- 23kon0
Jaline
I honestly DO have two ideas in my head :P
One of which i discussed with friends about a year ago and we picked the idea to bits, ruling it out as - even though it could possibly become HUGE - it would be a risky thing to startup as it'd initially run at a loss and server/bandwidth costs could escelate.
But after this success of YouTube, a company that obviously ran the 'loss' gauntlet and had to deal with HUGE server/bandwidth issues .... theyve managed it, so i dont see why we cant.
After last nights YouTube news one of the friends who this was discussed with has been in touch this morning and wants to get back into this idea.
So we might be giving it a go!:)
- agentfour0
Gooube
- ********0
GoogleYoogle
- agentfour0
GooTube
- kidswift-0
Nice to see another Aotearoian on NT good skillz Blackspade!
- ********0
Who fucking cares.
The only thing that pisses me off about NT these days, beyond trolls and what-not, is the obsessive compulsiveness of everyone posting YouTube links to 12 year old boys lighting their farts. There's fuck all on YouTube that I want to see, and I'm even less interested in what you all think I want to see. I dearly hope that Google level the thing. User-driven internet my ass. I'd rather read the fucking toilet wall at Darlington mainline.
- 23kon0
Just like the Murphy's , Moth aint bitter.
If i sold something for $1.65billion that lots of people thought was that pish moth, then that'd make me laugh all the way to the bank even more methinks.
- ********0
Enter response:Just like the Murphy's , Moth aint bitter.
If i sold something for $1.65billion that lots of people thought was that pish moth, then that'd make me laugh all the way to the bank even more methinks.
23kon
(Oct 10 06, 03:28)I'm not bitter, fair game to them. I'm just fucking amazed at all the shocked and surprised people here.
- ********0
and just because millions like it, doesn't make it right.
Millions like the nazis/ mc donalds/ bush.
- 23kon0
granted, theres a lot of pish there, but they are providing a FREE service for video hosting.
You might not be a fan of MySpace either but with them giving the embed code its giving peopel the opportunity of putting vids onto their pages (even though myspace have their own video thing now too).
But Moth, imagine how handy it would be say if you had a business website or a hobby website. - lets say "Moths Ballroom Dancing". and you wanted to post up on your site all the videos of you doing your ballroom dancing or maybe even footage of the latest competition you entered. and as this was just a hobby site you maybe didnt have the money or the hosting (as your vids may be VERY popular worldwide with thousands each day watching you spinning about gracefully) to host such popular vids. then isnt YouTube a sensible solution?
Macdonalds isnt bad for you if you have it in moderation and you know when to say no.
As with the Nazis and Bush ... well, one mans perfect world isnt necessarily another mans perfect world.
- UndoUndo0
hey 23Kon, the ex paypal ppl who started it raised 11million investment from VC's to get it going
- ********0
Doogle-a-Doogan