How Youtube Started?
YouTube is a video-sharing website founded by three former Paypal workers namely Chad Hurley, Steve Chen and Jawed Karim in February 2005. This website give opportunities to users to upload, view and share videos. It makes use of Adobe Flash Video and HTML5 technology to showcase vast variety of videos, music videos and movie and TV clips.
As mentioned above, YouTube was founded by Chad Hurley, Steve Chen, and Jawed Karim, who all worked in PayPal. Hurley studied design at Indiana University, while Chen and Karim both studied computer science at the University of Illinois. It was in the early months of 2005 when Hurley and Chen conceptualized the idea for YouTube after having experience how hard it was to share videos that they’ve filmed at Chen’s apartment in San Francisco.
Youtube’s domain name was launched on February 14, 2005, and since then the website continued to develop for the following months. The success of Youtube is primarily credited to the multi million partnership with Sequoia Capital between November 2005 and April 2006. Just for some trivial info, the “Me at the Zoo” video of founder Karim was the first ever video uploaded on U tube.
It was uploaded on April 23, 2005 and is still posted on the site until this day.
In October 2006, Google announced that it had purchased YouTube for $1.65 billion. The deal was made on November 13, 2006. YouTube made a deal with MGM, Lions Gate Entertainment and CBS in October 2008, allowing the media companies to share full-length films and TV clips on Youtube. It also started free streaming of certain contents like cricket tournaments of the Indian Premier League in March 2010. This was the very first global free online broadcast of a major sports event.
YouTube created a new design on March 31, 2010. They did it with the desire of simplifying the site’s look and prolonging the time users spend on the website. In May 2010, it was reported that YouTube served more than two billion videos per day nearly twice the prime-time viewers of all three major US TV network companies joined together. In October 2010, Hurley stepped down as CEO of YouTube with Salar Kamangar taking over as head of the company.
YouTube is now recognized as the dominant provider of online video in the United States. They have 43% of the total market share with more than 14 billion videos viewed in May 2010. There are roughly around 35 hours of new videos being uploaded to the site every minute. In 2007, YouTube consumed an estimate of as much bandwidth as the entire Internet in 2000. According to Alexa, YouTube is the third most visited website on the Internet, next to Google and Facebook.