History of YouTube

YouTube was established in February 2005.

Back then, it was not that much of a hit but it only took a short time for it to catch on. An interesting about YouTube is that it was conceptualized by three guys who used to work for PayPal, the popular online payment system.

YouTube first started much like many other technological start ups – with the capital coming from an angel investor, the term for an affluent individual who funds start ups in exchange for profit, and their operations based in a garage. A year after it first started, YouTube was one of the fastest growing web sites in existence. In the same year (2006), in October, Google bought YouTube and the purchase is considered Google’s second biggest acquisition at that time.

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