All About Youtobe information Starting Fact Icon Image Founders name Google
YouTube lunch Date
December 15, 2005
YouTube co founder
1 Javed Karim
2 Steve chen
3 Chaat Hurley
YouTubo montly income
Which is becoming even popular than TV. YouTube is now the 2nd most popular website in the world just after Google.
More than 400 hours of videos are uploaded to YouTube in just a minute. Which equals more than 16 days long video upload every minute and 65 years’ worth videos a day.
Besides that, one billion hours of video share watched on YouTube every single day.
And if you were to watch that alone, it would take more than 100,000 years of you.
So this is how YouTube is today. But it didn’t happen overnight
It has a story behind and some intriguing facts with it.
Did you know YouTube was a dating site when it was founded initially? Doesn’t matter if you didn’t because today we will be uncovering the story of YouTube.
This is Arafat and let’s get into the 1step i sode of the series tech start-ups.
And today we will be taking a look at YouTube.
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YouTube was created by three former employees of PayPal who were Chad Hurley, Steve Chen, and Jawed Karim.
They got to know one another by working in the PayPal.
Even the initial cost of YouTube came from the bonuses received following the eBay’s acquisition of PayPal.
After their days in PayPal, they wanted topped a start-up of their own.
But the idea behind opening a video sharing plan form has two different stories.
One is that in early 2005, Hurley and Chen shoot some video in a dinner party at Chen’s apartment in San Francisco.
But after shooting the video they found that there was no easy way to share the video.
The video file couldn’t be e-mailed because of the attachment limitations and loading them to the web took hours.
So, they wanted to solve the problem by themselves and that’s when the idea of YouTube came to their mind.
But Karim denies the story and says that the dinner party never took place.
Instead in 2004, there were two different events, one is Janet Jackson’s wardrobe malfunctions at the Super Bowl.
And the other one is the 2004 Indian Ocean tsunami.
People were talking about these events butthe videos of them were hard to find anywhere on the internet.
Karim believed there were lots of videos ofthem but no way to access them. So he came up with the idea of a video sharing websites.
The idea of YouTube even came at a very perfective.
Online video adaptation was limited previouslyby a few factors.
Most people didn’t have access to broadbandwhich made viewing videos problematic.
And another important factor is that therewas no standard for video playback. People were required to integrate Codec intheir browsers.
And that proved to be a big problem for watching videos.
But in the year 2005, Adobe Flash solved theCodec problem which played a great role behind the success of YouTube.
The website was activated on February 14,2005.
And yes that was the Valentine’s Day. Initially, the founders even got inspiredby a dating website ‘Hot or Not” and thought of making YouTube a video dating site.
The slogan they had for the site was “Tunein Hook Up”.
But since they didn’t have any video onthe website their plan of making a dating site was not working well.
So, they advertised to give $20 to women foruploading every video of them.
However, no single woman replied to that. Instead, they found people started using YouTubefor sharing all kind of videos. Then they decided to take a step back andmake the site flexible to all short of contents.
So they revamped the website accordingly byJune that year.
Though the domain YouTube.com was registeredon February 14, 2005, the first video was published by Jawed Karim on April 23, 2005,titled ‘Me at the zoo’. Where he talked about elephant trunk at theSan Diego Zoo.
That 19 seconds video can still be found on the site.
YouTube then offered the public a beta testing the site in May 2005.
Then just after a few months, YouTube hadits first one million video view.
Which was a Nike ad featuring Brazilian football player Ronaldinho and that was the inception of YouTube viral videos.
Nike also became one of the first major companiesto embrace YouTube’s promotional potential.
In November 2005 YouTube received $3.5 millionas venture capital from Sequoia Capital.
And they moved in a room above a pizzeriaand Japanese restaurant in California.
The money was then used to improve the site.
And the site was officially launched out ofbeta on December 15. By that time it was receiving 8 million viewsa day. Again in April 2006, an additional $8 millionwas invested by the Sequoia Capital.
In June 2006, YouTube entered into a marketingand advertising partnership with NBC, which helped the traditional media company enterinto the new digital age. In July 2006 more than 65,000 new videos werebeing uploaded every day and the site was having an average of 100 million video viewsper day.
Which even made it the fifth most popularwebsite and one of the fastest growing sites on the internet.
By September 2006, the whole YouTube thingwas in another level.
Scripted shows were being designed for YouTube and backed by the Hollywood firm Creative Artists Agency.
Though YouTube was having such success inthe early days, it wasn’t free from sufferings.
The main problem for YouTube was copyright claims
Companies were unhappy about someone elseuploading their videos on YouTube and they would ask YouTube to take down the clips. And subsequently, YouTube had to go throughlawsuits for copyrighted materials.
The idea that the studios were preparing tosue YouTube out of existence may be misguided.
In fact, media companies were faced with adilemma that, if they crack down on copyrighted videos, they will miss the chance to go viral.
But if they let it go they will be losingad revenues.
A new phase then started for YouTube. Google saw the potential in the site and onOctober 9, 2006, it announced to purchase YouTube for $1.65 billion in stock and thedeal was completed on November 13. However, YouTube planned to continue operating under dental with its co-founders and 68 employees working within Google.
Then in May 2007 YouTube Partner Program cameinto action which made it possible for everyday people to earn money from YouTube.
People could upload their videos on YouTubeand earn money from it, which was a life-changing factor for many. In August 2007, Google decided to make moneyfrom YouTube and started rolling out ads on the site.
The first ads they had were semi-transparent banners that popped up on the lower 20% of videos.
This was Google’s first response to the question, how the search giant would make money from its video site.
As for sharing the advertising revenue, Youtubers ally takes 45 percent of the revenue and the rest 55 percent goes to the uploader.
In October 2007, it launched its Content VerificationProgram to protect copyrighted materials by allowing content owners to locate and remove video that infringes on their copyrights.
The system is known as Content ID. It creates an ID File for copyrighted materials,and stores it in a database. When a video is uploaded, it is checked againstthe database, and if any match is found it flags the video as a copyright violation.
In November 2008, YouTube made an agreementwith MGM, Lions Gate Entertainment, and CBS. Which allowed the companies to post full-length films and television episodes on the site.
This move created a direct competition towardsthe existing rival video sharing sites.
In April 2009 YouTube teamed up with Vivendito launch new music video service Vevo. And it was YouTube’s first move towards fixingits relationship with music companies, which had complained about piracy and unfair licensing terms.
By January 2010 YouTube introduced an onlinefilm rentals service which has since grown to offer movies from companies including Paramount,Disney, NBC/Universal, Sony, and Warner Brothers. In March 2010, YouTube began free online contents are among service.
And it started broadcasting certain eventslike sports. On 31st of the same month, YouTube launched a new design to the website in order to simplify the interface and increase audience retention.
By May 2010 YouTube was serving more thantwo billion videos a day.
It even became the third most popular websiteon the internet.
In April 2011, YouTube launched YouTube Live. And thus it officially entered into the broadcasting business.
YouTube Live allowed to stream every shortof events on the site including news coverage, concerts, and Olympics. By May 2011, 48 hours of new videos were being uploaded to the site every minute. And it was having more than three billionviews every day.
Then in March that year, YouTube purchased next New Networks. And after that, the site got serious aboutoriginal contents and started launching its original channels.
In January 2012, YouTube was receiving morethan 60 hours of video upload every minute and four billion videos streamed every day.
And it started to have 800 million uniqueusers every month at that time. In July that year, people all over the world were able to watch Olympics’ live-stream for the first time ever because of YouTube.
It was also possible to access the footagefrom essentially any device. Later in December that year, YouTube relaunchedits design and layout to make it very similar to the mobile and tablet app version of the site.
Then on December 21, 2012, YouTube witnesseda new history. It had its first ever 1 billion views forthe music video Gangnam Style.
From that time onwards YouTube didn’t really look back. And it became the go-to platform for watching videos.
In March 2013, the number of unique visitorsto YouTube reached 1 billion every month. By May of that year, the site was hosting100 hours of videos every minute. And the number reached to 300 hours every minute By November 2014. In the same month,
YouTube announces a new music Key subscription service, which featured ad-free streaming of music content on YouTube with the existing Google Play Music service.
Then later in October 2015, YouTube Red was announced by YouTube, which is a premium service offering ad-free access to all contents inthe platform.
And it succeeded the Music Key service releasedin the previous year.
This service also included premium originalseries and films produced by YouTube personalities, and background playback of content on mobile devices.
In January 2016, YouTube purchased an office park for $215 million in San Bruno and expanded its head quarters there.
The complex can house up to 2,800 employees in its 554,000 square feet of space. By February 2017, the site was having 400hours of video upload every minute and one billion hours of videos streamed every day.
On May 17, 2018, YouTube announced the re-brandi God YouTube Red as YouTube Premium and the upcoming launch of a separate YouTube Music subscription.
With all these said YouTube has played a greatrole in defining today’s video industry. It has also played a great role in transforming people’s life.
Private individual’s and large production companies are using YouTube to grow audience.
Its emergency has also forced the movie andTV industries to embrace online video. When Google bought YouTube, the price pointwas seen as exorbitant. Many doubted whether Google will be able to recover its investments.
Many years later, we now know, $1.6 billion wasn’t so much to pay for YouTube.
In short, YouTube is now the world’s default storage for videos.
Watch the video below as it you 10 fascinating facts about YouTube you didn’t know.
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YouTube Installation in play store 5B+
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My name is Steve, Steve Chen,I am most well known for being one of the co-founders of YouTube and one of the probably the earliest reply see of PayPal, PayPal link.
And a little known fact I was also one of the earliest engineers at Facebook for about 3 months before so that was kind of this in sandwich between PayPal and starting YouTube.
I was working at Facebook and soon 2005 when I was filing my taxes, I was filing taxes with both PayPal,Facebook and YouTube on it. And I don’t think anybody else can make that claim, ever.
I think for a while there, soI left YouTube in about 2009, 2010. And probably for the first 12 months there, was trying to figure out, because all throughout the twenties and even earlier 30 was just working on startups.
And it was always the kind of, there’s no difference between Monday, Wednesday, Saturday, Sunday there’s no difference between whatever, 9 AM and 3 AM in the morning.
And so I’ve been doing that for over a decade, and I was always thinking throughout the decade while I was having fun.
There were all these other things just starting to get into coffee and photography and headphones and just speakers and watching all these movies that came out throughout all that time that I never got a chance to watch.
But after the first 12 months I just realised that none of it is as fun as kind of the challenge and the excitement, the sort of just everything that motivates people to start companies.
Nothing really compares to that, so got back into starting a company and so that’s what I’m doing now.
I went back to Google, Google Ventures as an entrepreneur in residence for about 18 months and got the support from Google Ventures.
And then just about a month and a half ago in August of 2015, left Google Ventures because we were ready to start getting external funding and doing our own hiring.
With the early days ofYouTube started and sort of in that 2005 time frame. I think that the idea and domain name itself, we bought it on Valentine’s Day,so February 14th 2005. There was another co-founder,Chad Hurley, we were in Menlo Park California and if you can imagine we search for a YouTube on Google and zero results came up, right.
And so we went out, bought the domain name youtube.com and started talking about this site. The site itself originally the idea was,it’s a little embarrassingly to talk about but it was actually supposed to be kind of a dating site.
It was supposed to be a dating site where instead of posting your personal pictures and your personali traduction you would post a video and that would just aggregate everything together.
A little introduction to yourself but you would actually see this person and be able to interact with them.
Which you know we started developing all the back end was still more or less the same as of what you see with YouTube today.
Being able to upload videos. Being able to transcoded videos. Being able to embed these videos into different sites out there on to social networking sites.
And the development of the site took about three months.
And we launched in May of 2005. And for the first week,it was a total flop. We didn’t get a single video uploaded.
That was within the category domain of what we thought the site was going to be.
Nobody was introducing themselves using the site as a video dating site.
However, what we saw was that videos were being uploaded and so within that first week,we quickly changed.
Again the back end of the site,we made exactly the same. It was just changing, instead of searching for male or female in the age, you would just search for whatever’s our wanted to search for in a video.
And the look and feel of it was changed a bit, but it was a very quick two day effort to convert what was a sort of a dating video site into a general video site.
And one of the things is,Chad, I met Chad, the other co-founder at PayPal, the first day I moved out here to California.
He was the original designer of PayPal and I was one of the first engineers and we worked on a number of projects together at PayPal, And same thing, I think one of the ideas of startups and success of startups is this idea of pivoting from what you’re originally starting to do and something else instead.
And PayPal, many people know what it is now, many people use it as a P2P payment service or personal business payment service.
But when it first started, it was this palm pilot security application that one, it never really got off the ground as a security app. And two, these days I don’t knowmany people that still own, carry around palm pilots.
But the valuable lesson there was just,if you take a look at what the users are doing, what the user feedback is,and if people aren’t using it, taking that technology and maybe pivoting itto Something that the users will use.
And we did that at PayPal when we took the security side of it and created a payment service on top of it,and the same thing at YouTube.
And in the beginnings it was not so, the relationships with Myspacestarted with just the ability for MySpace users to embed HTML onto their profile pages and YouTube had an HTML snippet that you could copy andpaste and put into your MySpace profile.
After a while it became more ofa formal relationship because so many of their users were using YouTube, but it became almost a marriage.
That if YouTube went down, so much of the content on Myspace submit not be available to view.
So we started actually formalizing that relationship when we became, we became aware that so many oftheir users depended on our service.
I think especially early on ina start up in a company when you have very limited internal resources,right. I think some of these partnership’s, especially early on when youdon’t get a lot of these invites, a lot of people asking you to bea partner, you get easily excited by it.
I do think that it’svaluable to not be overly aggressive in accepting some of these partnership’s.
So early on at YouTube but sort of an example of this was,we had a lot of people asking us for white labeling the product and just removing YouTube off the label, removing sort of any references toYouTube, and they just wanted us and were willing to pay hundreds to thousands of dollars for this. And at that time,that meant a lot for a YouTube. But at the end of the day,we always still hinged on the fact that the brand name of YouTubewas very important to the product. And the earlier the company I think, the more resource starved the company,the harder it is to make that decision.
But I do think that it’s veryimportant to actually choose the right partnerships that actuallywill help the company in the long run rather than just something inthe next few months or next few weeks.
I think that there are even a fewcompanies that wanted to put their own video player on YouTube. When I was there, we didn’t allow it. I think now YouTube hasaccepted some of those deals.
But I think it’s a wholedifferent world by this point.
And some of these guys, I mean theyjust, it’s like ABC or something, there’s like only one unique realtor of this content, you either do it their way oryou’ll never get their content. I think it’s important to approach the question of any kind of partnership orany kind of agreement is looking at it, from their perspective what they benefits from a deal in the making with you, and I think in the case ofYouTube it was always the same.
We didn’t provide the revenue share,really. We didn’t do the sort of ads early on, at least when we were there prior to the acquisition by Google. So when we did these deals it was always for marketing purposes, it was always.
Yes, prior to the acquisition of Google,there was still not a lot of ads coming in, sot there was not a lot of ad revenue, so there was not a lot of the revenue share that you see on YouTube. So, what can we actually offertory content creators out there.
It was really still for, at that time, it was really still for short length content. So things are 30 seconds to two anda half minutes.
It wasn’t for long length. In fact, we had a rule that no content would be longer than 10 minutes for the large chunk of the start of YouTube.
And so it was for short-length content. It wasn’t for, so you wouldn’t upload an entire 30 minute episode of The Daily Show or something.
You wouldn’t uploads entire two hour movie. One, we didn’t allow it. And two, we didn’t want the platform to be seen as that. It was still for short pieces of content that was uploaded to the site. So when it came to actually working with these content creators, we branded YouTube as a way to be able to market your longer form content. So it was just maybe seen as a place,a platform to show movie trailers for your movie, but you wouldn’t actually upload the entire movie onto YouTube.
I think that’s gradually evolved and changed over a period of time as higher-end little content has become possible.
A bandwidth of 30 getting cheaper, people are more accustomed to watching this content on multiple devices now that YouTube actually offers and caters to watching the same content on multiple devices at one time.
But at the time during 2005 all the way through out 2007 it was always sort of short form content,it wasn’t the same quality.
And it was a way to be able to get more people that would have not heard your music or would’ve not heard your movie be able to use the two minute length to be able to show case whatever it is that you wanted to show.