As content and photo sharing sites were taking off in 2005, the founders of YouTube noticed a small problem: there was an explosion in the number of expensive and inexpensive ways to capture video but there wasn't a good way to share videos.
Chad Hurley had studied design at Indiana University in Pennsylvania, while Steve Chen had studied computer science at the University of Illinois at Urbana-Champaign. After graduation, the two started work at PayPal in San Jose, California where they met many of their future employees.
On Valentine's Day 2005, Hurley registered the trademark, logo and domain of YouTube. Three months later, in May of 2005, a small group of early employees launched the beta test site www.youtube.com.
In November 2005, YouTube received funding from Sequoia Capital. In December, YouTube officially became a corporation. The first office was located above a pizzeria and Japanese restaurant in San Mateo, California. Over time the number of employees increased, the desks multiplied, cables tangled into knots and from time to time, rats were discovered scurrying around. The time had come to move.
In October 2006, Google came knocking on the door. YouTube had about 65 employees. On the day the acquisition was announced YouTube moved into a former GAP office in San Bruno, California. The much-discussed deal was settled one month later.
Today, YouTube is the the largest online video destination in the world and the third most visited Website overall. The site exceeds two billion views a day - nearly double the prime time audience of all three major U.S. networks combined. The platform comprises the largest video-sharing community in the world and includes users, advertisers and over 10,000 partners. Every minute 24 hours of video uploaded to the site. Hundreds of millions of users spanning the globe come to YouTube to discover and shape the world through video.
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