Hurley steps down as chief executive to take an advisory role. He is replaced by Salar Kamangar, former vice-president of web applications at Google and co-founder of Adwords.
Right now I am in the process of transitioning into the role of adviser, stepping down, still being involved in the company, but it’s given me an opportunity to work on new projects.
Google has recently purchased a majority (more than 50%) of YouTube for $1.65 billion. All 67 of YouTube’s employees kept their positions. Chad Hurley, co-founder of YouTube, says:
I’m confident that with this partnership we will have the flexibility and resources needed to pursue our goal of building the next-generation platform for serving media worldwide.
YouTube is created by Chad Hurley, Steve Chen, and Jawed Karim, who met as employees at Paypal:
When we registered the YouTube domain on February 14, 2005, we set out to create a place where anyone with a video camera and an Internet connection could share a story with the world.