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Everyone suspected that the investors, founders and early employees of YouTube made tidy sums when it was acquired by Google for $1.65 billion in stock late last year.
But until yesterday, few knew just how tidy those sums were. The answer, which Google delivered in a filing with the Securities and Exchange Commission, is now in: The sums are big enough to spark a new wave of envy across Silicon Valley.
the third founder left early to go back to school.
hope he finishes his degree now that he doesn't have to worry about making the tuition payment...
joined:Jan 3, 2003
Not necessarily, look at Yahoo's futile purchase of broadcast.com and Ebay's futile purchase of Skype. Neither has made any money from their deals so far.
EBay will make a fortune out of Skype in the long run. They paid waaaay too much for it but I still think they'll make money off it in due course.
joined:Dec 29, 2003
yeah they do know somthing: Sequoia sold it to Goog and made a killing :).
As other have pointed out, companies do make mistakes, and sometimes they buy just not to have others buy them. Maybe Youtube on Yahoo's hands would have given Y! an edge. That can't be good from G's perspective.
Start a company "ABC". Let investors invest in it. Start cashing out money via "stock selling". Get "ABC" company to buy another company for a ridiculous price, lets call this firm "CBA". Get a huge chunck of cash immediately, plus continue selling GOOGLE stock. ;)