The founders of popular video sharing site YouTube received shares of Google (NASDAQ: GOOG) worth over $700 million in Google's all-stock $1.65 billion acquisition of YouTube, according to a Securities and Exchange Commission filing this week.
The Wednesday filing showed that YouTube co-founder Chad Hurley received 735,319 Google shares, worth over $339 million at the current $461.89 share price. Co-founder Steve Chen received 694,087 shares worth over $320 million, and a third co-founder, Jawed Karim, received 137,443 shares worth about $63 million.
Sequoia Capital, the chief venture capital backer of YouTube and an early investor in Google, received shares worth more than $442 million.
At least two dozen YouTube employees received lesser share amounts.
Most of the remaining shares were divided up among dozens of limited partner investors in Sequoia Capital.