February 9, 2007
Sequoia Capital gets $442 million for YouTube deal
“The two founders of YouTube Inc. got stock now valued at about $650 million when they sold the business, according to a filling by Google Inc. with the Securities and Exchange Commission.. Sequoia Capital, which has an office in Menlo Park and was YouTube’s sole venture capital backer, stands to get about $442 million in Google shares, based on Wednesday’s closing price of $470.01.”
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