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YouTube spoils made official, co-founders did well

YouTube spoils made official, co-founders did well

youtubeguys3.bmpYouTube co-founders Chad Hurley and Steve Chen are each worth about $326 million as a result of Google’s purchase of the video-sharing company, documents registered by Google Wednesday reveal.

Their takes are five times that of third co-founder Jawed Karim, who returned to Stanford before YouTube was bought last year. Karim got 137,443 shares, worth about $65 million based on the $470 closing price of Google’s stock yesterday. Hurley and Chen both have 694,087 shares.

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For the full, long list of beneficiaries, check out the Securities and Exchange Commission document directly (see pages 5-16). Only a partial list is below in screenshot.

Venture firm Sequoia Capital, the main early backer of YouTube, got more than a million shares, or more than $502 million based on Google’s current stock price. Most of that, however, was transferred to Sequoia’s investors. The SEC link above provides a good look at who they are. Artis Capital, a hedge fund with ties to Sequoia, got about 176,500 shares, now valued at about $83 million. The other big indirect YouTube beneficiary we hadn’t known about before was the Ford Foundation (an investor in Sequoia). It carries 218,989 shares, valued at $103 million.

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Finally, YouTube senior software engineer Yu Pan did well, with 75,593 shares, or about $36 million.

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