Chances are you visit it every day – but before 2005 it didn’t exist! Learn how three guys, frustrated with the Internet, inventing the video-sharing website YouTube.
What they do:
Maintain a video-sharing web site where people can access and upload videos to share with family, friends and the world.
Chad Hurley, Steve Chen and Jawed Karim were 20 something mid-west graduates with ideas in their heads and extra change in their pockets. Frustrated at the difficulty of sharing videos on the web, they invested their money, as well as some venture capital, into a new business that would solve the problem.
About the business:
The three created a video sharing website called YouTube above a pizzeria in San Mateo, CA. It took six months before the site was getting 65,000 new video postings daily, and 100 million daily views. A year later, Google came a-calling, and bought YouTube for $250 million.