September 28, 2012 / IST / Science & Technology, Story.

YouTube began in February 2005 when three former PayPal employees activated the Internet domain name “YouTube.com” and started to create a video-sharing website on which users could upload, share, and view videos

From left to right: Chad Hurley, Steve Chen, and Jawed Karim

From left to right: Chad Hurley, Steve Chen, and Jawed Karim

YouTube was founded by Chad Hurley, Steve Chen, and Jawed Karim, who were all early employees of PayPal. Prior to PayPal, Hurley studied design at Indiana University of Pennsylvania. Chen and Karim studied computer science together at the University of Illinois at Urbana-Champaign. YouTube’s early headquarters were situated above a pizzeria and Japanese restaurant in San Mateo, California.

The domain name “YouTube.com” was activated on February 14, 2005, and the website was developed over the subsequent months. The creators offered the public a preview of the site in May 2005, six months before YouTube made its official debut. Like many technology startups, YouTube was started as an angel-funded enterprise from a makeshift office in a garage. In November 2005, venture firm Sequoia Capital invested an initial $3.5 million; additionally, Roelof Botha, partner of the firm and former CFOof PayPal, joined the YouTube board of directors. In April 2006, Sequoia and Artis Capital Management put an additional $8 million into the company, which had experienced hugely popular growth within its first few months.

The first YouTube video was entitled Me at the zoo, and shows co-founder Jawed Karim at the San Diego Zoo. The video was uploaded on April 23, 2005, and can still be viewed on the site.

 

 

YouTube entered into a marketing and advertising partnership with NBC in June 2006.

Youtube was purchased by Google for US$1.65 billion in stock On October 9, 2006.