Three young friends who were employees from PayPal thought there was a need to have a website where people could upload and listen to videos. They founded YouTube.com on April 23rd, 2005. This billion dollar company is just over three years old, but is making billions of dollars.
First, let's talk a little about Chad which I believe may now be the CEO of the company, of one of the three inventors Chad, Steve and Karim. Chad was always interested in technology. When he was in the ninth grade, he built an amplifier for an electronic competition that won third place. He was also pretty keen on the business side. One summer when he was in college, he sold knife sets. Chad ended up finishing computer science, printmaking and graphic design. He began his employment with the then new company PayPal when as part of the qualifications, he had to design a new logo for the company.
Steve was always kind of a risk taker. He left university early to work for PayPal. With attending a well-respected university program and mathematics and science academy, he was also very smart and hard-working.
Karim was pursuing a masters in computer science when he would throw ideas around with the other two PayPal employees. There was quite a bit of tension around the fact that Chad and Steve seemed to have more credit around the invention of the YouTube, although Karim is also listed on the site of being a co-founder.
Chad and Steve say that they got the idea when they were at a dinner party at Steve's apartment in San Francisco, and had problems loading a video of the party to share with friends. Karim shared his feelings that the dinner party never happened and that the idea of sharing videos, was actually his idea.
Let's face it. All three came up with this fantastic idea to provide a service that would make uploading videos to share and listen hassle-free. I would certainly say that these three young men have quite a future ahead of them.
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