History of YouTube

YouTube was founded by Chad Hurley, Steve Chen, and Jawed Karim, who were all early employees of PayPal. Hurley had studied design at Indiana University of Pennsylvania, and Chen and Karim studied computer science together at the University of Illinois at Urbana Champaign. According to a story that has often been repeated in the media, Hurley and Chen developed the idea for YouTube during the early months of 2005, after they had experienced difficulty sharing videos that had been shot at a dinner party at Chen's apartment in San Francisco. Karim did not attend the party and denied that it had occurred, but Chen commented that the idea that YouTube was founded after a dinner party it was probably very strengthened by marketing ideas around creating a story that was very digestible. YouTube started functioning as a small enterprise to be funded for technology startup, in the beginning from an investment of 11.5 million US dollars granted by Sequoia Capital during the years 2005 – 2006. The early bases of YouTube were installed above a pizzeria and Japanese restaurant in San Mateo, California. During the summer of 2006, YouTube was one of the fastest growing sites on the Web, uploading more than 65,000 new videos and delivering 100 million video views per day in July. It was ranked the fifth most popular website on Alexa, far out-pacing even MySpace's rate of growth. The website averaged nearly 20 million visitors per month, according to Nielsen NetRatings, where around 44% were female, 56% male, and the 12- to 17-year-old age group was dominant. YouTube's pre eminence in the online market was substantial.

More history of YouTube

According to the website hitwise.com, YouTube commanded up to 64% of the UK online video market. YouTube entered into a marketing and advertising partnership with NBC in June 2006. After that this video sharing website was sold to google. In 2014 YouTube said that 300 hours of new videos were uploaded to the site every minute, three times more than one year earlier and that around three quarters of the material comes from outside the U.S. The site has 800 million unique users a month. It is estimated that in 2007 YouTube consumed as much bandwidth as the entire Internet in 2000. According to third party web analytic providers, Alexa and SimilarWeb, YouTube is the third most visited website in the world, as of June 2015 Similar Web also lists YouTube as the top TV and video website globally, attracting more than 15 billion visitors per month. Here are much more interesting article about YouTube http://whoinventedme.net/who-invented-youtube