Business Career
Chen was an employee at PayPal, where he first met Chad Hurley and Jawed Karim. Chen was also an early employee at Facebook, although he left after several months to start YouTube.
In 2005, Chad Hurley, Jawed Karim and Chen founded YouTube, with Chen having the position of Chief Technology Officer. In June 2006, Chen was named by Business 2.0 as one of "The 50 people who matter now" in business.
On October 16, 2006, Chen and Hurley sold YouTube to Google, Inc. for $1.65 billion. Chen received 625,366 shares of Google and an additional 68,721 in a trust as part of the sale. The Google shares that he received were worth $485 miIIion at Google's December 28, 2012 closing stock price.
He and Chad Hurley have now started AVOS Systems which has acquired Delicious from Yahoo! Inc.
Chen has been listed as one of the 15 Asian Scientists To Watch by Asian Scientist Magazine on 15 May 2011.
Read more about this topic: Steve Chen
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