Jawed Karim Net Worth | Celebrity Net Worth

Jawed Karim Web Price | Movie star Web Price

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What’s Jawed Karim’s web price?

Jawed Karim is an web entrepreneur who has a web price of $300 million. Jawed Karim is most well-known for being a co-founder of YouTube After the sale of YouTube to Google, Jawed launched a enterprise capital fund which has made numerous early and profitable investments. Jawed was one of many first outdoors traders in Airbnb, collaborating within the firm’s April 2009 preliminary seed spherical.

Early Life

Jawed Karim was born on October 28,, 1979 in Merseburg, East Germany. He’s of Bangladeshi ethnicity. When he was two years outdated, Jawed and his household crossed the East-West German border to flee communist xenophobia.

In 1992 the household moved to the US. His father, a researcher, took a job at 3M and his mom, a scientist, turned a professor on the College of Minnesota.

Jawed attended Central Excessive College in Saint Paul, Minnesota. He then enrolled on the College of Illinois at Urbana-Champaign to review Pc Science. Not coincidentally, this is similar college the place Marc Andreeson developed one of many first user-friendly net browsers, which finally turned Netscape.

In his junior yr, Jawed dropped out to take a job as one of many early staff of just a little Silicon Valley startup referred to as PayPal. He really continued his undergraduate coursework in his free time by taking some on-line courses and a few further in-person courses at Santa Clara College.

PayPal

Two of Jawed’s co-workers at PayPal had been Chad Hurley and Steve Chen.

In August 2002, eBay acquired PayPal for $1.5 billion in money. Jawed made a number of million from the sale. His bosses at PayPal, future billionaires Elon Musk and Peter Thiel, earned $175 million and $60 million from the sale, respectively.

In early 2005, Jawed, Chad and Steve all left PayPal. They started assembly at an area espresso store/deli referred to as Max’s Opera Cafe to brainstorm enterprise concepts.

Based on legend, it was Jawed who pitched the preliminary thought for a web site the place folks might add and share movies.

YouTube

Jawed developed the YouTube idea and coded the primary model of the web site which was launched in February 2005. He additionally has the excellence of starring within the very first video ever uploaded to Youtube. The video, titled “Me on the zoo”, was shot by a pal named Yakov Lapitsky throughout a visit to the San Diego Zoo. The 19 second video reveals Jawed standing in entrance of a gaggle of elephants briefly describing the elephant’s trunks. It was uploaded to Youtube by the username “Jawed” at 8:27 pm on Saturday, April 23, 2005:

Me At The Zoo:

Google Sale

Amazingly, simply after co-founding YouTube, Jawed opted to go away the startup so he might enroll in graduate college at Stanford College. Consequently, he accepted a smaller fairness stake in comparison with his co-founders.

Chad Hurley and Steve Chen proceeded to show Youtube into the world altering media empire that everyone knows and use right this moment.

Regardless of leaving the corporate, Jawed nonetheless owned a reasonably important proportion of YouTube by the point it was bought to Google in October 2006. Google purchased YouTube for $1.65 billion price of inventory.

Jawed obtained 137,443 shares of Google which had been price $64 million on the day the deal closed. Because of Google’s continued success and rising inventory value, right this moment these shares are price greater than $350 million right this moment, pre-tax‚Ķ assuming he hasn’t bought any shares.

Steve Chen and Chad Hurley every obtained roughly 700,000 shares of Google which had been price $345 million on the day the deal closed. As we speak these shares can be price slightly below $2 billion if no shares had been ever bought.

Different Investments

In March 2008, Jawed, Keith Rabois and Kevin Hartz launched a enterprise capital fund they referred to as Youniversity Ventures, aka YVentures. By way of YVentures Jawed participated in Airbnb’s seed funding spherical in April 2009. Their fund has additionally invested in Reddit, Eventbrite and Palantir.

[The photo of Jawed Karim used on this page was taken by Robin Brown and then made Public Domain by user Jawed via wikimedia creative commons]

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