Chad Hurley

Chad Hurley

World Economic Forum Annual Meeting 2009, Davos, Switzerland.
Born Chad Meredith Hurley
(1977-01-24) January 24, 1977
Reading, Pennsylvania, U.S.
Education Indiana University of Pennsylvania
Occupation Co-Founder & former CEO of YouTube
Co-Founder & CEO of MixBit
Salary $4.5 million a year
Net worth $355 million
Website YouTube
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Chad Meredith Hurley (born January 24, 1977) is an American co-founder and former CEO of the popular video-sharing website 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]

Personal life

Hurley was born in Reading, Pennsylvania, the second child of Don and Joann Hurley, and grew up near Birdsboro, Pennsylvania. He has two siblings, an older sister, Heather, and a younger brother, Brent. Since childhood, Chad showed extreme interest in the arts, but then later became interested in computers and electronic media during high school.

He was a stand-out 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 member of the Technology Student Association during high school. He graduated from Twin Valley High School (Pennsylvania), Elverson in 1995 and went on to receive his B.A. in Fine Art from Indiana University of Pennsylvania in 1999.[7]

By his marriage to Kathy Clark, Hurley is the son-in-law of the legendary Silicon Valley entrepreneur James H. Clark.[8]

YouTube

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 Chad 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.[9]

MixBit

In August 2013, Chen and Hurley launched another company called MixBit which does video editing using smart phones.[1]

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. It is rumored that Hurley is still trying to get involved with F1 via other teams.[10]

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.[11]

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. ↑ 1999 IUP Grad, IUP News and Events – What They Said, November 2008
  8. ↑ http://content.time.com/time/magazine/article/0,9171,1570795-4,00.html
  9. ↑ Kerr, Ronny. "Chad Hurley isn't really YouTube CEO anymore". VatorNews. Retrieved November 11, 2010.
  10. ↑ "Team US F1 shuts down operation". Autosport.com. Retrieved November 16, 2010.
  11. ↑ "LAFC - Los Angeles Football Club". Retrieved 15 October 2016.
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