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Chad Hurley

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Chad Hurley
Hurley at the World Economic Forum 2009
Born
Chad Meredith Hurley

(1977-01-24) January 24, 1977 (age 47)
Reading, Pennsylvania, U.S.
Alma materIndiana University of Pennsylvania (BA)
Occupation(s)Webmaster, businessman
Known forCo-founder of YouTube and AVOS
SuccessorSalar Kamangar

Chad Meredith Hurley (born January 24, 1977) is an American webmaster and businessman who serves as the advisor and former chief executive officer (CEO) of YouTube. He also co-founded MixBit.[1] In June 2006, he was voted 28th on Business 2.0's "50 People Who Matter Now" list. In October 2006, he and Steve Chen sold YouTube for $1.65 billion to Google.[2] Hurley worked in eBay's PayPal division—one of his tasks involved designing the original PayPal logo[3]—before co-founding YouTube[4] with fellow PayPal colleagues Steve Chen and Jawed Karim.[5] Hurley was primarily responsible for the tagging and video-sharing aspects of YouTube.[6]

Early life and education

Hurley was born in Reading, Pennsylvania, the second child of Don and Joann Hurley, and grew up near Birdsboro, Pennsylvania.[7] He has an older sister, Heather, and a younger brother, Brent.[8]

Since childhood, Hurley showed interest in the arts, and became interested in computers and electronic media during high school.[9] He was a standout runner for Twin Valley High School's cross-country program, which won two of its PIAA State titles with him as a member in 1992 and 1994. He was also a member of the Technology Student Association during high school. He graduated from Twin Valley High School in 1995 and earned a B.A. in Fine Art from Indiana University of Pennsylvania in 1999.[10]

Career

YouTube

Hurley in 2007

Hurley founded YouTube in 2005 with Steve Chen and Jawed Karim. On October 16, 2006, Chen and Hurley sold YouTube to Google Inc. for $1.65 billion. It was reported in The Wall Street Journal that Hurley's share was $345.6M at Google's February 7, 2007 closing stock price of $470.01. He received 694,087 Google shares directly and another 41,232 shares in a trust.

YouTube's other two co-founders, Steve Chen and Jawed Karim, received 625,366 shares and 137,443 shares, respectively valued at $326.2M and $64.6M. The Journal's report was based on Google's registration statement with SEC filed on February 7, 2007.

Hurley stepped down as CEO of YouTube in October 2010 and stated he would stay on as an advisor of YouTube, allowing Salar Kamangar to take over the CEO position.[11]

MixBit

In August 2013, Hurley launched another company called MixBit which does video editing using smartphones.[1] According to Steve Chen, it was Chad's idea to turn Avos into MixBit even before the inception of YouTube.[12]

The app resembles other famous short-video recording smartphone apps such as Vine, Instagram and Vyclone. Its limit of recording stretches up to 256 clips, and each clip can be maximum 16 seconds long. It also features the editing tools similar to its other competitor apps.[13]

Formula One

Hurley was involved as a major investor with US F1 Team, one of the new entrants in Formula One automobile racing for the 2010 season. On March 2, 2010, the team's personnel were dismissed from their duties and the team was unofficially shut down. Neither Hurley, team principal Ken Anderson nor sporting director Peter Windsor would comment on the team's failure to make it to the grid.[14]

Investments

Hurley has made several investments. He is a part-owner of the NBA's Golden State Warriors and the MLS' Los Angeles Football Club.[15]

On the January 25, 2021, Hurley announced on Twitter that he had become an investor at Leeds United, the English Premier League football club.[16][17]

Personal life

Hurley was formerly married to Kathy Clark, the daughter of Silicon Valley entrepreneur James H. Clark.[18] They were divorced in 2012.[19] Hurley remarried in 2020 to Elise Walden.[20]

References

  1. ^ a b "YouTube Founders Launch New Video-Sharing App MixBit". PC Magazine. Archived from the original on 2018-07-14. Retrieved 2017-08-25.
  2. ^ "Google Has Acquired YouTube". techcrunch.com. 9 October 2006. Archived from the original on March 16, 2017. Retrieved June 28, 2010.
  3. ^ "Web 2.0 Summit – November 7–9, 2006 – San Francisco, CA: Speaker". Web2con.com (archived copy). Archived from the original on March 9, 2011. Retrieved March 21, 2016.
  4. ^ Delaney, Kevin J. (October 10, 2006). "Google Looks To Boost Ads With YouTube". The Wall Street Journal. Archived from the original on July 7, 2018. Retrieved August 3, 2017.
  5. ^ Graham, Jefferson (November 21, 2005). "Video websites pop up, invite postings". USA Today. Gannett Co. Inc. Archived from the original on July 6, 2012. Retrieved July 28, 2006.
  6. ^ Stone: Is YouTube the Napster of Video? – Newsweek Brad Stone – MSNBC.com Archived October 28, 2006, at the Wayback Machine
  7. ^ Barnes, Mike (2013-09-12). "Conan O'Brien, Chad Hurley to Be Feted at Irish in Film Event (Exclusive)". The Hollywood Reporter. Archived from the original on 2021-12-14. Retrieved 2021-12-14.
  8. ^ Hartmans, Avery. "Only 2 of YouTube's earliest employees are still at the company — here's what YouTube's first 10 employees are up to now". Business Insider. Archived from the original on 2021-12-14. Retrieved 2021-12-14.
  9. ^ Hammock, Rex (July 30, 2015). "YouTube Co-founder Chad Hurley's Advice to Small Business Owners". Archived from the original on March 30, 2019. Retrieved July 4, 2018.
  10. ^ IUP News and Events – What They Said Archived 2016-12-23 at the Wayback Machine, Iup.edu, November 2008.
  11. ^ Kerr, Ronny (29 October 2010). "Chad Hurley isn't really YouTube CEO anymore". VatorNews. Archived from the original on 2015-05-07. Retrieved November 11, 2010.
  12. ^ "YouTube Co-Founders Split As Hurley Spins Out MixBit And Chen Joins Google Ventures – TechCrunch". techcrunch.com. 6 June 2014. Archived from the original on 2019-04-01. Retrieved 2018-04-24.
  13. ^ "YouTube founders remix Vine and Instagram with Mixbit for iOS". The Verge. Archived from the original on 2018-06-22. Retrieved 2018-04-24.
  14. ^ "Team US F1 shuts down operation". Autosport.com. Archived from the original on March 4, 2010. Retrieved November 16, 2010.
  15. ^ "LAFC - Los Angeles Football Club". Archived from the original on 26 August 2016. Retrieved 15 October 2016.
  16. ^ "YouTube co-founder says he has invested in Leeds United with the 49ers". www.yorkshireeveningpost.co.uk. Archived from the original on 2021-01-26. Retrieved 2021-01-26.
  17. ^ "Chad Hurley Twitter". Archived from the original on 26 April 2021. Retrieved 25 January 2021.
  18. ^ Cloud, John (25 December 2006). "The YouTube Gurus". Time. Archived from the original on 25 January 2018. Retrieved 22 September 2018 – via content.time.com.
  19. ^ "KATHY HURLEY AND CHAD HURLEY". UniCourt. Archived from the original on 2021-12-06. Retrieved 2021-12-06.
  20. ^ "A Rustic, Santa Barbara Wedding Inspired by the Harvest Moon". Brides. Archived from the original on 2021-11-03. Retrieved 2021-12-14.
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