YouTube Co-Founders Message After Google’s Acquisition

If they’re really so grateful they should share the joy. I’d love a 0.0005% (~$82,500) slice of that pie.

No way is it a mistake, it was the top video site on the internet, it was trouncing google video. But you are right firefox, it wasn’t profitable, I actually think that was known, but nearly all of these internet companies don’t make profit for years. Look at amazon, it was rising during the dot com bust, not making a penny, but once it got itself really established, tons of profit. What they do have though is control over a huge percentage of user created videos and content. Google was smart buying them before they were profitable because once it was profitable it would cost twice as much to purchase. Yet it was also smart to sell, because now the founders don’t have to assume the financial risk anymore, and they are still in charge and oh yeah, 1.6 billion! More money than any of us will ever see, spend, ever be in charage of, combined and for several generations. It was smart all around.