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Address Profile YouTube lets visitors upload their own videos and let millions of other people watch them. Most videos on the site are short clips from 15 seconds to five minutes in length. Users can registers with the site and upload their videos in a variety of formats. YouTube converts all videos to flash format for viewing. Users can rate videos from 1 to 5 stars and also add comments. YouTube allows anyone to copy code and syndicate individual video clips on other websites, which has become an easy way to promote the site and boost traffic. Google announced it would acquire YouTube in October in an all-stock deal worth over $1.65 billion. YouTube will remain an independently operated business. Founded less than two years ago, YouTube has become one of the most popular Internet sites with over 100 million videos served daily. The company earns money from advertising but has also been in trouble over copyright issues with TV and music companies over videos posted on its site. YouTube has struck deals with CBS, NBC, Sony BMG Music and Warner Music Group to air video and music clips and share advertising revenue generated. History Chad Hurley, Steve Chen, and Jawed Karim founded YouTube, Inc. on February 14, 2005. Jawed Karim left the company to pursue an advanced degree at Stanford. YouTube received funding of $3.5 million from Sequoia Capital in November 2005 and the service was officially launched in December 2005. Chad Hurley and Steve Chen proceeded to become the first members of the YouTube management team and currently serve as Chief Executive Officer and Chief Technology Officer respectively. Sequoia invested another $8 million in April 2006. The popularity of YouTube earned CEO Hurley an invite to the Sun Valley media conference held this past summer in Sun Valley, ID. The conference features the most powerful executives in the media business and is organized by investment bank Allen & Co. Employee Benefits YouTube offers benefits including three-weeks Paid Time Off and excellent medical/dental coverage. © Copyright SVDaily.com |
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