What’s Jawed Karim’s net worth?
Jawed Karim is an web entrepreneur who has a net worth of $300 million. Jawed Karim is most well-known for being a co-founder of YouTube After the sale of YouTube to Google, Jawad launched a enterprise capital fund which has made a lot of early and profitable investments. Jawad was one of many first outdoors traders in Airbnb, taking part within the firm’s April 2009 preliminary seed spherical.
Jawad Karim was born on October 28,, 1979 in Merseburg, East Germany. He’s of Bangladeshi ethnicity. When he was two years previous, Jawad 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 Faculty in Saint Paul, Minnesota. He then enrolled on the College of Illinois at Urbana-Champaign to check Pc Science. Not coincidentally, this is similar college the place Marc Andreeson developed one of many first user-friendly internet browsers, which finally turned Netscape.
In his junior yr, Jawad dropped out to take a job as one of many early staff of a bit Silicon Valley startup known as PayPal. He really continued his undergraduate coursework in his free time by taking some on-line courses and a few extra in-person courses at Santa Clara College.
In August 2002, eBay acquired PayPal for $1.5 billion in money. Jawad 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, Jawad, Chad and Steve all left PayPal. They started assembly at an area espresso store/deli known as Max’s Opera Cafe to brainstorm enterprise concepts.
In keeping with legend, it was Jawad who pitched the preliminary thought for a web site the place individuals might add and share movies.
Jawad 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 good friend named Yakov Lapitsky throughout a visit to the San Diego Zoo. The 19 second video exhibits Jawed standing in entrance of a bunch 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:
Amazingly, simply after co-founding YouTube, Jawed opted to go away the startup so he might enroll in graduate college at Stanford College. Because of this, 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 in the present day.
Regardless of leaving the corporate, Jawed nonetheless owned a reasonably important share of YouTube by the point it was offered to Google in October 2006. Google purchased YouTube for $1.65 billion value of inventory.
Jawed obtained 137,443 shares of Google which had been value $64 million on the day the deal closed. Because of Google’s continued success and rising inventory worth, in the present day these shares are value greater than $350 million in the present day, pre-tax… assuming he hasn’t offered any shares.
Steve Chen and Chad Hurley every obtained roughly 700,000 shares of Google which had been value $345 million on the day the deal closed. As we speak these shares can be value slightly below $2 billion if no shares had been ever offered.
In March 2008, Jawad, Keith Rabois and Kevin Hartz launched a enterprise capital fund they known as Youniversity Ventures, aka YVentures. By means of YVentures Jawad 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]