9 julio, 2024

Steve Chen: biography, professional career and accolades

Steve Chen (1978) is an American businessman known for being one of the founders of YouTube. His computer innovations have managed to permanently transform the way we communicate and have revolutionized the viral video model. Since the creation of YouTube in 2005, the portal has been highly successful and ranked as the 10th most popular website on the internet, just one year after its launch.

Chen held the position of Director of Technology at YouTube and in June 2006 was appointed by the magazine Business 2.0 one of the 50 most influential people in the business world. That same year, Google bought YouTube for $1.64 billion in stock.

He later co-founded AVOS Systems, Inc. and created MixBit, a video-sharing app. His role in cutting-edge technology has seen him remain an important figure a decade after his appearance.

His knowledge in finance has made him a successful businessman. In addition to knowing how to reinvest his earnings, he also donates to charities and other entities.

[toc]

Biography

early years

Steven Shih Chen was born on August 18, 1978 in Taipei, Taiwan. In 1993, when he was eight years old, he and his family immigrated to the United States, settling in Prospect Heights, Illinois.

He attended River Trails College in Mount Prospect for his elementary education and then John Hersey High School, a public high school located in Arlington Heights, Illinois.

He spent his last three years of high school at the Illinois Academy of Mathematics and Science in Aurora.

Studies

After finishing high school, he enrolled at the University of Illinois at Urbana-Champaign and studied computer science. He graduated in 2002 with a bachelor’s degree in computer science.

Some of his classmates from the computer science program headed to the West Coast of the United States in 1998 to launch a company that eventually became PayPal.

This online payment service provider grew so fast that one of the founders, Max Levchin, started hiring his former University of Illinois computer science classmates. Chen was one of them, and he dropped out of college with a few credits to go.

Career

Youtube

Chen was working at PayPal when he met Chad Hurley and Jawed Karim, the other two founders of YouTube. In addition, Chen was one of the first employees of Facebook, a company that he left several months later to found YouTube.

Hurley and Chen worked together for the next three years, until eBay bought PayPal in October 2002 for $1.5 billion. Chen stayed on for another two years to help launch PayPal in China.

In January 2005, Chen hosted a dinner party at his San Francisco home, along with other PayPal employees. Hurley and Chen recorded some moments with a digital camera, but found it difficult to share the videos with other guests via email.

Realizing that digital photos were easier to share thanks to new websites like Flickr, they thought it might be a good idea to create a similar video-sharing website.

In 2005, Chad Hurley, Jawed Karim, and Chen founded YouTube. Chen held the position of Chief Technology Officer. Within a few months, the web grew rapidly and they announced that they were receiving 100 million video views a day. In addition, 65,000 new videos were published every day.

In 2006, the site was ranked as the 10th most popular website. In June, they entered into a marketing partnership with NBC. That same year, Chen and Hurley sold YouTube to Google for $1.65 billion in stock.

Chen received 625,366 Google shares and an additional 68,721 in trust as part of the sale. As of 2018, Google shares are valued at $729 million.

other companies

Along with Chad Hurley and Vijay Karunamurthy, Chen founded another Internet company, AVOS Systems, Inc. In April 2011, AVOS purchased Delicious from Yahoo, a social bookmarking website.

In May 2011 they bought Tap 11, a social analytics company, which they sold shortly after. The only focus of AVOS as a company at the moment is MixBit, an application that allows you to create and share short videos. It is in direct competition with Instagram and Vine.

In March 2016, Chen and Vijay Karunamurthy created Nom.com. Chen was chief technology officer, while Vijay Karunamurthy, YouTube’s former director of engineering, was chief executive.

However, in 2017 this network of streaming closed, his Twitter account became private and his Facebook account has been inactive since March 2017.

Personal life

In 2009, Chen married Park Ji-hyun, now known as Jamie Chen, a product marketing manager for Google Korea. They live in San Francisco with their two children.

He currently works with Google Ventures, a subsidiary of Google that provides financing to technology companies at all stages of development. They invest in startups in a wide variety of fields: from computer software to health care.

Acknowledgments

In 2005, Chen was named one of the 50 most influential people in the business world by the magazine Business 2.0. He and his partner were praised for their humility and for transforming the media distribution industry with the viral video model.

In 2008, Steve Chen and Chad Hurley received the Producers Guild’s Vanguard Award, given to those who achieve great achievements in new media and technological formats.

On May 15, 2011, Steve Chen appeared on the list of the 15 most important Asian scientists by the Asian Scientist Magazine.

References

Christensen, C. (2007). YouTube: The evolution of media? Screen Education, (45), 36. Retrieved from search.informit.org
Moscaritolo, BA, August 8, 2013 10:30AM EST & August 8, 2. YouTube founders launch new video-sharing app MixBit. Retrieved from pcmag.com
steve chen. Retrieved from biography.com
Steve chen (YouTube). Retrieved from esacademic.com
Steve chen archives > the immigrant learning center. Retrieved from ilctr.org

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *