326 Million in Google Shares

FREE IFN Newsletter

$326 Million In Google Shares

By: Andy Beal
2007-02-08

Bloomberg is reporting that YouTube co-founders Chad Hurley and Steve Chen have registered to sell 3.23 million shares of Google stock.

Hurley and Chen, who founded YouTube in February 2005, may each sell shares worth about $326.2 million as of today's closing price. Sequoia Capital, YouTube's largest investor, may sell shares worth $504.4 million. Others investors included in the filing include:

Sequoia Capital (worth $504.4 million)
Artis Capital Management LLC ($83 million)
Jawed Karim (another YouTube founder; $64.6 million)

The rest of YouTube's employees will have to wait until vesting before they get to cash out.

What does this say about the future of YouTube? You can't blame the guys for cashing-out, but it's hardly a vote of confidence.

Hat-tip to Pete.

Comments

Add to

Del.icio.us |

Digg |

Reddit |

View All Articles by Andy Beal

About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.

You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.


Titan Quest Forum	Nintendo Wii	Graphics Forum
Halo 3 Forum	Mac Software