YouTube SuccessStory

YouTube is a video hosting platform that allows users to upload videos which include self generated music clips, educational videos, TV clips and amateur content such as video blogging. It is also a platform for music companies and corporations to release official music videos, movie trailers and also business advertising. Today it supports up to 1080p resolution and the duration limit is fixed at 15 minutes. There were more than 14 billion views on YouTube in the month of May 2010.

Three early employees of PayPal, Chad Hurley, Jawed Karim and Steve Chen founded YouTube in 2005. There are conflicting stories about what was the context and inspiration in founding YouTube. Some say that they were inspired by the difficulty in sending a video file via email. Others say that they started YouTube influenced by the website Hot or Not and were planning to make a video version of an online dating site.




Well the YouTube domain was registered in February 2005 and the site went live in May. YouTube became a huge success owing to the word of mouth appreciation it received. It offered a beta version in May 2005 but secured $3.5 million from Sequoia Capital and made an official launch in November 2005. It was followed by an $8 million funding during April 2006.

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