Saturday, March 26, 2011

YouTube co-founders join hands for a new startup

CHEN & HURLEY
YouTube co-founders Chad Hurley and Steve Chen are considering ideas for a new start-up six years after the pair and Jawed Karim founded the phenomenon video-sharing site.

Though its not yet announced what is the new start-up all about, but as per Hurley its related to basic components that every Web site needs to get off the ground. Whatever be the idea, Silicon Valley venture capitalists will surely be reaching for their checkbooks very soon. YouTube is one of the Valley's best-known success stories.

The service has become rooted in our culture. Once dismissed by critics as a place for funny pet videos, YouTube is now a video archive, teaching tool, digital soap box where politicians go to stump, a means to expose criminals and police wrongdoing, a popular jukebox, and a vital news source for people all over the world.

In October 2006, Google acquired YouTube for $1.65 billion. Hurley, who reportedly pocketed more than $340 million from the sale, was YouTube's CEO up until last fall, when he moved into an advisory role. Salar Kamangar, a former Google vice president of Web applications, is now YouTube's chief.

Hurley was at Cooper-Hewitt to discuss design, which he studied in college. He designed YouTube's original logo as well as the logo his first employer, PayPal, used for many years. He also designs wallets, shirts, and jackets for Hlaska, a fashion company he co-founded. If he and Chen start another company together, he'll probably do that logo too and you can bet it will be simple, free of pretense, and accessible to anyone.

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