YouTube – the maths
Posted on 11. Oct, 2006 by Jonathan Cherry in Branding
The new YouTube gazillionaires speak on …well….YouTube.
Like giggling school girls, the two have graciously accepted $1.65billion or R13 billion for their little website from Google.
OK – there are clearly tax calculations and other technical things to consider about the deal, but R13 billion? How many Zim dollars is that?
Imagine what you could do with R13 000million?
You could stash the cash under you bed and for the next 35.6 years give away R1million of venture capital to small SA business everyday of the year.
At a modest bank interest rate (excluding the time value of money and tax) of 5% – that wad would earn roughly R650million per year. That means without touching the capital, you could still give away R1million per day and still have R285million left at the end of the year.
All from a website that hosts people’s silly videos.
5 Responses to “YouTube – the maths”
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Marc Forrest
11. Oct, 2006
Eish, its a tough life. And they still reasonably young. Thing is, they got paid in Google shares, which, in a couple of years could only be worth about 1.65 trillion dollars…some people just have it shyte…;)
Andrew Smith
11. Oct, 2006
It doesn’t really detract from the point of your post, but the founders only got about $100 – $200 million each. They had sold most of the company to venture capitalists during the build-up process. Not too shabby anyway!
Cherryflava
11. Oct, 2006
A tidy return for those VC dudes.
coda
11. Oct, 2006
R13 billion…! That would buy you our country’s most-visited tourist destination, the V&A Waterfront. Twice!
Your Group of Web AddiCT(s);
21. Oct, 2006
Google gobbled YouTube – A Web AddiCT(s); view of GooTube
Jonathan Cherry alerted me to the news (via MXit) while I was lying in bed, after mosque, a few fridays ago. It woke me up! I hurried over to Cape Town propertys new office to find out what I could about the 1.65 billion dollar deal (Google has …