YouTube Founders Cash In, Selling Google Stock
YouTube investors, executives and its founders, Chad Hurley and Steve Chen, have filed to sell as much as $1.53 Billion in Google stocks which were received when Google bought YouTube last year.
Sequoia Capital is making out quite well on the deal also, with $504.4 million coming their way. Chad Hurley and Steve Chen are expected to bring in somewhere around $326.2 million each.
Now it’s time for Google to make the jump, securing distribution deals with large content producers, studios & networks such as they have with NBC and by successfully monetizing Google Video and YouTube via Google Video Ads.
