On This Day 2005: YouTube Was Founded And Changes The Internet Forever [Video]

Eleven years ago today, YouTube was launched by three employees of PayPal simply because they were having a hard time sharing and finding videos of current events online. Chad Hurley, Steve Chen, and Jawed Karim were the triad that changed the internet forever.

How Did It Start?

Depending on who you ask, the story about the creation of YouTube happened one of two ways. Chad and Steve say that they were inspired to create a video sharing site after they were having a hard time sharing a video of a dinner party that the two men were at. Originally, Chad and Steve wanted YouTube to be an online dating site.

Jawed denies that origin story, and states that the YouTube was created over a nipple. During the 2004 Super Bowl Halftime Show, Janet Jackson was the victim of a wardrobe malfunction in which her nipple was said to have been exposed on live TV. Jawed had a difficult time finding the video of it online, and thought there had to be a better way to share videos.

Sequoia Capital was the venture capital firm that gave the trio the money they needed to develop YouTube. Sequoia Capital invested a total of $11.5 million. A beta test site was established in May, 2005, and the fully-functioning site went completely online for the first time on December 15, 2005. Ten months after the official launch of YouTube, Google purchased the company for $1.65 billion. Based on the investment and stake in the company that Sequoia Capital had, it is estimated that the venture capital firm ended up with $495 million after Google acquired the video-sharing site.

YouTube Milestones

The first video ever uploaded to YouTube was a video of Jawed Karim, who recorded his visit to the San Diego Zoo. The 18-second long video has a total of 29,165,599 views and 196,542 comments.