The internet bubble popped in the late 90’s but it seems to be growing again. Google Inc. recently aquired the popular video-sharing website, YouTube. The co-founders of YouTube were each paid over 300 million dollars in Google shares and that is quite a feat considering YouTube was started just over 2 years ago. Talk about a big return on your intvestment. If you break those numbers down you are looking at a low average of $12.5 million a month for their work. The venture capital for YouTube was provided by Sequoia Capital and they recieved a cool $442 million in Google shares. Their initial investment was a mere $3.5 million in November of 2005. The total value of the aquisition was valued at $1.76 billion dollars.

Anyone want to offer me some venture capital so I can start my own blogging site? Maybe you can clear a few million in a year or so?

Filed under: News