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Chad Hurley

World Economic Forum Annual Meeting 2007, Davos, Switzerland.
Born 1976
Birdsboro, Pennsylvania, U.S.
Occupation CEO, YouTube
Spouse(s) Kathy Clark
(2000-present)
Children 2
Website
YouTube

Chad Meredith Hurley (born 1976) is the co-founder and 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 Steve Chen and Jawed Karim.[4]

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

Contents

Biography

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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 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]. 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.

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

YouTube was founded by Hurley, Chen, and Karim supposedly to share videos from a dinner party with friends in San Francisco in January 2005.[citation needed] Sending the clips around by e-mail was a bust as the e-mails kept getting rejected because they were so big. Posting the videos online was a headache, too. So they got to work to design something simpler. The site soon became one of the most popular on the Internet because the founders designed it so people can post almost anything they like in a matter of minutes. Members, who can comment on videos and set up their own channels on YouTube, add tens of thousands (or more) new videos a day.

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.

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 2nd, 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.[7]

Personal life

Hurley is married to Kathy Clark, daughter of noted Silicon Valley entrepreneur Jim Clark.[8] They have two children.

See also

References

External links


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