YouTube's early headquarters were situated above a pizzeria and Japanese restaurant in San Mateo, California. Between November 2005 and April 2006, the company raised money from a variety of investors with Sequoia Capital, $11.5 million, and Artis Capital Management, $8 million, being the largest two. YouTube began as a venture capital–funded technology startup. Another version of this logo without their " Broadcast Yourself" slogan was used until 2015. The YouTube logo was used from its launch until 2011. Difficulty in finding enough dating videos led to a change of plans, with the site's founders deciding to accept uploads of any type of video. They created posts on Craigslist asking attractive women to upload videos of themselves to YouTube in exchange for a $100 reward. Hurley and Chen said that the original idea for YouTube was a video version of an online dating service, and had been influenced by the website Hot or Not. Karim could not easily find video clips of the incident and 2004 Indian Ocean Tsunami online, which led to the idea of a video sharing site. Karim said the inspiration for YouTube first came from the Super Bowl XXXVIII halftime show controversy, when Janet Jackson's breast was briefly exposed by Justin Timberlake during the halftime show. Karim did not attend the party and denied that it had occurred, but Chen remarked that the idea that YouTube was founded after a dinner party "was probably very strengthened by marketing ideas around creating a story that was very digestible". Īccording to a story that has often been repeated in the media, Hurley and Chen developed the idea for YouTube during the early months of 2005, after they had experienced difficulty sharing videos that had been shot at a dinner party at Chen's apartment in San Francisco. Hurley had studied design at Indiana University of Pennsylvania, and Chen and Karim studied computer science together at the University of Illinois at Urbana–Champaign. The trio were all early employees of PayPal, which left them enriched after the company was bought by eBay. YouTube was founded by Steve Chen, Chad Hurley, and Jawed Karim.
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Video categories on YouTube include music videos, video clips, news, short films, feature films, documentaries, audio recordings, movie trailers, teasers, live streams, vlogs, and more. Since its purchase by Google, YouTube has expanded beyond the core website into mobile apps, network television, and the ability to link with other platforms. YouTube's reported revenue for 2020 was $19.8 billion.
YouTube and approved creators participate in Google's AdSense program, which seeks to generate more revenue for both parties. It also offers a paid subscription option for watching content without ads, YouTube Premium. Google's ownership of YouTube has also changed its business model it no longer generates revenue from advertisements alone, YouTube now offers paid content such as movies and exclusive content produced by YouTube. In October 2006, YouTube was bought by Google for $1.65 billion. As of May 2019, videos were being uploaded at a rate of more than 500 hours of content per minute. YouTube has more than one billion monthly users who collectively watch more than one billion hours of videos each day. It is the second most visited website, right after Google itself. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. YouTube is an American online video sharing and social media platform owned by Google. Python (core/API), C (through CPython), C++, Java (through Guice platform), Go, JavaScript (UI) Uploader holds copyright (standard license) Creative Commons can be selected.
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