Chad Hurley

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Chad Hurley
File:Chad Hurley - World Economic Forum Annual Meeting Davos 2009.jpg
World Economic Forum Annual Meeting 2009, Davos, Switzerland.
Born Chad Meredith Hurley
(1977-01-24) January 24, 1977 (age 47)
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

Chad Meredith Hurley (born January 24, 1977) is an American co-founder and former Chief Executive Officer 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]

Early years

Chad was born in Reading, Pennsylvania, the second child of Don and Joann Hurley, and grew up near Birdsboro, Pennsylvania.[citation needed] 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.[citation needed]

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]

YouTube

File:ChadHurleyJI1.jpg
Chad Hurley in 2007.

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.[8]

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.[9]

NBA and MLS ownership

Hurley is a part-owner of the NBA's Golden State Warriors and the MLS team Los Angeles Football Club.[10]

References

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  6. Stone: Is YouTube the Napster of Video? – Newsweek Brad Stone – MSNBC.com[dead link]
  7. 1999 IUP Grad, IUP News and Events – What They Said, November 2008
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External links