YouTube spoils made official, co-founders did well
YouTube 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.
For… Continue Reading
“Young Guns” form secret Silicon Valley society
That’s what Rolling Stone wants you to believe, in its latest edition. In a story called “Baby Billionaires of Silicon Valley,” Rolling Stone catches up with a group nine entrepreneurs who get together to strategize. This is another hype job, since none of these people are billionaires. (Update: Blake Ross, in comment below, says this is no secret society, and headline is wrong.)
From the piece:
That’s why they’ve gathered here tonight. This is one of the… Continue Reading
Roundup: MetroFi connects Foster City, GDrive leak, Cisco’s triple threat
Cisco’s triple threat — San Jose networking giant Cisco has won a patent #7075919, which states Cisco owns any “system and method for providing integrated voice, video and data to customer premises over a single network.”
Cisco picked up its intellectual property in a sale by Sandstream Communications & Entertainment, according to LightReading. What does this mean? Well, with Cisco ever more eager to own the living room (as we’ve mentioned), it could approach the big players… Continue Reading