YouTube is a social platform designed to allow users to share their own videos while also having the ability to stream others. Given these circumstances, some creators profit from posting on the platform and have risen to fame. Some become millionaires and even billionaires just by consistently uploading content. But how did it get started? Steve Chen, Chad Hurley, and Jawed Karim were all employed by the e-commerce company PayPal when they came up with the idea to create the world's first online video-sharing platform. The platform was officially launched on December 15th, 2005, in San Bruno, California.
The three founders had no idea what was coming their way and the impact they would have that changed the world. It is said that the three would meet in Hurley's garage to discuss this new product, which initially was supposed to be a dating website where individuals could share links to videos, but after a week, no one had uploaded a thing. After no activity, the founders had the thought to just make it a generalized video-sharing website that anyone could use. On April 23rd, the first video was uploaded to YouTube by Jawed Karim titled "Me at the Zoo" The video was 18 seconds long and was Karim was describing an elephant's trunk to viewers. As of today, the video has 325 million views and over 10 million comments.
In September of 2005, Sequoia Capital, an investment company specializing in early stages and growth in private companies, invested 3.5 million dollars into YouTube. It is stated that Sequoia invested somewhere around 12 million dollars into the company within the first year. The funding from Sequoia's investments led to the three getting an office in Silicon Valley, a global center for technological innovation until their company grew to twelve people. They out grew the Silicon Valley office and moved to San Mateo. They described the office as disgusting and rat-infested but all that mattered was that they were together. Yu Pan even told Business Insider "We had shots before every software push" The team was unbreakable and they enjoyed their work together. They even worked together while they were sick.
As the platform kept growing, the company struggled to expand the software and keep up. Legal issues were starting to arise, Music producers were demanding money for copyright, which was extremely dangerous for the company. More moral problems came when the company was made aware that children were streaming inappropriate content. Employees had to spend more time taking down videos and use their own judgment to decide what was okay and what was not. This led to policies being created to have a foundation of rules for users.
The company was growing past its volume and threats of taking legal action were being made, the company was going to have to come up with payment plans to make everyone happy and ensure that what they were doing was legal. But the problem was that the company had no money, it was time to sell the company. On October 9th, 2006, Google outbid Yahoo and purchased YouTube for 1.65 Billion, a couple of months later in May of 2007, the partner program was launched. The YouTube Partner Program is an opportunity for creators to make a profit from advertisements, channel memberships, and YouTube shopping. Today, YouTube is still one of the most used platforms in the world, It is people's careers, and has shaped many of us into the people we are today.