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The history of YouTube is a compelling story. The Web site was
founded in February 2005 as a video hosting site by former PayPal
employees Chad Hurley, Steve Chen, and Jawed Karim. The company
was officially launched in December of that year after it received
venture capital from Sequoia Capital, of Menlo Park,
California. Google acquired it for $1.65 billion in stock just about a
year later, in November 2006. Today, YouTube operates as an independent
subsidiary. The company is famously unprofitable, and as
we write this, is feverishly developing ways to monetize all those
eyeballs the site attracts. Deep pockets of Google aside, Wikipedia
reports YouTube’s bandwidth expenses exceed $1 million a day. No
estimates of its revenues have come close to that outlay.
YouTube wasn’t the first company to offer access to videos online,
but its timing was excellent. In 2007, cofounder Steve Chen told
BusinessWeek some of the key reasons for the company’s success.
• The emergence of inexpensive video cameras
• The growth in fiber lines from 1999 to 2004
• The growth in the penetration of broadband access
In spite of that little problem of not adequately monetizing the
site, YouTube’s growth has been little short of miraculous.Today
YouTube spans the globe and operates not only in the United States
but also in these countries and territories:
HOW TO M A K E M O N E Y W I T H Y o u T u b e
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• Australia
• Brazil
• Canada
• France
• Germany
• Hong Kong
• Ireland
• Italy
• Japan
• Korea
• Mexico
• The Netherlands
• New Zealand
• Poland
• Russia
• Spain
• Taiwan
• The United Kingdom
• Chinese (traditional)
• Dutch
• French
• German
• Italian
• Japanese
• Korean
• Polish
• Portuguese
• Russian
• Spanish
In addition to English, you’ll also find YouTube in the following
languages:
As we write this, it’s been fewer than four years since YouTube
came into existence. That’s quite an explosive level of growth for
any company about as old as a preschooler! It’s easy to understand,
within this context, the enthusiasm we found whenever we spoke
with someone who was gaining fame and some fortune through YouTube videos. They have grabbed onto a rocket that’s only just
left the launchpad.
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