Steve and his Friends sold YouTube to google for 1.64 billion in stock.
YouTube was ranked the 10Th most popular website after it came out
Steven Shih Chen was born on 18th August 1978, in Taipei, Taiwan. He and his family immigrated to the United States in 1993, and settled in Illinois.
After graduating from ‘Illinois Mathematics and Science Academy’, where he finished high school, he attended the ‘University of Illinois at Urbana- Champaign’. He graduated in 2002 with a degree in computer science.
In 2005, Chen was named one of the “50 People Who Matter Now” in business by the magazine Business 2.0. He and his partner were praised for their humility and for revolutionizing the video sharing industry with the viral video model.
In 2008, he and Hurley were recognized by the ‘Producer’s Guild of America’. They received the ‘Vanguard Award’, which is given to those who have outstanding achievements in new media and technology formats.
John Hersey High School Illinois, Illinois Mathematics and Science Academy Aurora, University of Illinois at Urbana–Champaign Urbana
Chen worked at ‘PayPal’ when he met Chad Hurley and Jawed Karim, the other two founders of ‘YouTube’. He then moved from ‘PayPal’ to work for ‘Facebook’, which he quit several months after to found ‘YouTube’.
In 2005, he and the other two co-founders launched ‘YouTube’ and Chen held the position of Chief Technology Officer. The site grew rapidly, and within months they announced that they were receiving 100 million video views every day, and that 65,000 new videos were uploaded per day.
In 2006, the site was ranked as the 10th most popular website. That June, they entered into a marketing partnership with NBC. They sold the company that year to Google for the price of $1.65 billion dollar in stock.
Chen started another internet company, ‘AVOS Systems, Inc.’, with Chad Hurley and Vijay Karunamurthy. In April 2011, AVOS purchased ‘Delicious’, a social bookmarking website, from ‘Yahoo’.
In May 2011 they purchased ‘Tap 11’, a social analytics company; however, they sold Tap 11 last year. AVOS’ sole focus as a company right now is ‘MixBit’, an app that allows you to create and share short videos. It is in direct competition with ‘Instagram’ and ‘Vine’.
In 2014, he joined ‘Google Ventures’, a subsidiary of Google which provides funding to technology companies in all stages of development. They invest in startups from a variety of fields, from computer software to healthcare.
Now, we are selling over 5 million songs a day now. Isn't that unbelievable? That's 58 songs every second of every minute of every hour of every day.
It takes these very simple-minded instructions - 'Go fetch a number, add it to this number, put the result there, perceive if it's greater than this other number' - but executes them at a rate of, let's say, 1,000,000 per second. At 1,000,000 per second, the results appear to be magic.
Each year has been so robust with problems and successes and learning experiences and human experienes that a year is a lifetime at Apple. So this has been ten lifetimes.
The reason we wouldn't make a seven-inch tablet isn't because we don't want to hit a price point, it's because we don't think you can make a great tablet with a seven-inch screen.
The manual for WordStar, the most popular word-processing program, is 400 pages thick. To write a novel, you have to read a novel - one that reads like a mystery to most people. They're not going to learn slash q-z any more than they're going to learn Morse code. That is what Macintosh is all about.