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=Revolutionary Innovation: YouTube=

=media type="youtube" key="jNQXAC9IVRw" height="184" width="226" align="right"= //"According to Google YouTube streams// 1.2 billion videos a day worldwide//"//

o o YouTube was created by Chad Hurley, Steve Chen, and Jawed Karim on February 14, 2005. The public preview of the site started on May 2005. In November 2005, Sequoia Capital invested $3.5 Million in YouTube, and invested another $8 Million in April 2006. On December 15, 2005 YouTube officially opened. The first YouTube video "Me at the Zoo" was uploaded to YouTube on April 23, 2005 by Jawed Karim. In November 2006 Google purchased YouTube for $1.65 billion with an agreement that the company would continue to operate separately.

[[image:Chad_Hurley_and_Steve_Chen.jpg width="260" height="170" align="left" caption="Steve Chen and Chad Hurley"]]
=The Founders:=

Chad Hurley, Steve Chen, and Jawed Karim had been Paypal employees when they came up with the idea fro the site. They hated how hard it was to share videos over emails and online. Th ey received a bonus when eBay bought PayPal and they invested it in building YouTube. Chad Hurley is currently the CEO of Youtube, Steve Chen is the Chief technology officer for the site, and Jawed Karim is an advisor to YouTube.

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= = = = = = = = =Timeline of YouTube:=


 * February 14, 2005 - YouTube is born
 * February 15, 2005 - Domain name YouTube.com is activated
 * May 2005 - Public Preview Starts
 * November 2005 - YouTube receives $3.5 Million from Sequoia Capital
 * December 15, 2005 - YouTube opened!
 * April 2006 - Sequoia Capital invests another $8 Million
 * April 23, 2005 - First Video uploaded
 * November 2006 - Purchased by Google
 * YouTube won a 2008 George Foster Peabody Award for distinction and achievement in entertainment.
 * In March 2010, YouTube introduced automatic captioning for videos which helped people who have trouble hearing or who are deaf.

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