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Chad Hurley

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Chad Hurley
World Economic Forum Annual Meeting 2007, Davos, Switzerland.
Born1977
Birdsboro, Pennsylvania, U.S.
Occupation(s)Advisor, YouTube
Spouse(s)Kathy Clark
(2000–present)
Children2
WebsiteYouTube

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Chad Meredith Hurley (born 1977) is a co-founder and former Chief Executive Officer of the popular video sharing website YouTube. In June 2006, he was voted 28th on Business 2.0's "50 People Who Matter Now" list. In October 2006 he and Steve Chen sold YouTube for $1.65 billion to Google.[1]

Hurley worked in eBay's PayPal division—one of his tasks involved designing the original PayPal logo—[2] before starting YouTube [3] with fellow PayPal colleagues Chen and Jawed Karim.[4]

Hurley was primarily responsible for the tagging and video sharing aspects of YouTube.[5]

Biography

Early years

Chad, the middle child of Don and Joann Hurley, grew up near Birdsboro, Pennsylvania. He has two siblings, an older sister (Heather) and a younger brother (Brent). Since childhood, Chad showed interest in the arts and became interested in computers and electronic media during high school.

He was a stand-out runner for Twin Valley High School's cross-country program, which won two of its PIAA State titles with him as a member in 1992 and 1994. He was also member of the Technology Student Association during high school. He graduated from Twin Valley High School, Elverson in 1995 and went on to receive his B.A. in Fine Art from Indiana University of Pennsylvania in 1999.[6]

PayPal

When he was about to graduate college, Hurley heard of then-new company PayPal that at the time was dedicated to enabling PDA users to send money among themselves. Hurley sent his resume and received a job interview. After flying to California, he was asked to design a logo to show his skills. The result was PayPal's logo for many years.

It was during his days at PayPal that he met Steve Chen and Jawed Karim, two PayPal engineers with whom he talked about several ideas for businesses. In 2002, when eBay bought PayPal for $1.54 billion, Hurley received a bonus which he used to finance their future venture[citation needed]. Another link that helped their future venture was their connection to Roelof Botha, the former PayPal CFO.

YouTube

Chad Hurley in 2007.

On October 16, 2006, Chen and Hurley sold YouTube to Google, Inc. for $1.65 billion. It was reported in the Wall Street Journal that Chad Hurley's share in the $1.65B sale of Youtube.com was $345.6M at Google's Feb. 7, 2007 closing stock price of $470.01. He received 694,087 Google shares directly and another 41,232 shares in a trust. His other two co-founders, Steve Chen and Jawed Karim, received 625,366 shares and 137,443 shares respectively valued at $326.2M and $64.6M. The Journal's report was based on Google's registration statement with SEC filed on Feb. 7, 2007. Hurley stepped down as CEO of YouTube in October of 2010 and stated he would stay on as an advisor of YouTube, allowing Salar Kamangar to take over the CEO position.[7]

Formula 1 (2009 – present)

Chad was involved as a major investor with Team US F1, one of the new entrants for the 2010 season. On March 2, 2010, the team's personnel were dismissed from their duties and the team was unofficially shut down. Neither Hurley, team principal Ken Anderson, or sporting director Peter Windsor would comment on the team's failure to make it to the grid. Word has it that Hurley is still trying to get involved with F1 via other teams.[8]

Personal life

Hurley is married to Kathy Clark, daughter of noted Silicon Valley entrepreneur Jim Clark.[9] They have two children.

See also

References

  1. ^ "Google Has Acquired YouTube". techcrunch.com. Retrieved June 28, 2010.
  2. ^ "Web 2.0 Summit – November 7–9, 2006 – San Francisco, CA: Speaker". Web2con.com. Retrieved November 16, 2010.
  3. ^ Delaney, Kevin J. (October 10, 2006). "Google Looks To Boost Ads With YouTube". The Wall Street Journal.
  4. ^ Graham, Jefferson (November 21, 2005). "Video websites pop up, invite postings". USA Today. Gannett Co. Inc. Retrieved July 28, 2006.
  5. ^ Stone: Is YouTube the Napster of Video? – Newsweek Brad Stone – MSNBC.com[dead link]
  6. ^ 1999 IUP Grad, IUP News and Events – What They Said, November 2008
  7. ^ Kerr, Ronny. "Chad Hurley isn't really YouTube CEO anymore". VatorNews. Retrieved November 11, 2010.
  8. ^ "Team US F1 shuts down operation". Autosport.com. Retrieved November 16, 2010.
  9. ^ Cloud, John. "The YouTube Gurus." TIME, December 16, 2006.
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