Entrepreneur Steve Chen

Taiwanese entrepreneur Steve Chen was born in August 1978, and at the age of 8 immigrated to the U.S. growing up in Illinois. During high school he worked at a 7-eleven to save up money to put his way through college at the University of Illinois. Chen dropped out of college to work for PayPal where he met Chad Hurley and Jawed Karim. After selling PayPal to ebay Chen and Hurley immediately were thinking about starting a new company that they made using the bonus checks they received from PayPal. At a dinner party the two were talking about how they were going to share the videos they took. Realizing that the videos were too big to email and that it takes suck a long time to upload them the idea was born! Chen thinking about how websites like, flickr, made it easy and fast to share digital photos, Chen didn't see why not they could have a similar program only use it for videos. In 2005 they launched their finished product YouTube, which was ranked as the tenth most popular site just after a year. With 100 million clips viewed daily and 65,000 videos uploaded every 24 hours, one is likely to see videos of their closest friends, of their extended family, and of "Mishka the talking dog". The video sharing site helped to launch "the old spice guy" and make it easier for society to share videos with their friends! Chen currently serves as chief technology officer, even after selling YouTube to google for 1.65 billion in stock. Steve Chen is now named one of "The 50 people who matter now", and YouTube is considered "The ultimate form of reality TV". You can see from this brief overview of Steve Chen's road to success you can see that he used the commonly used acronym "HUNT" to help him out. First starting out with a small idea of a website used to share videos, as him and Hurley began to thoroughly think this out they new what they wanted this website to accomplish and what resources they would need. They imagined a website that was easy to upload and share videos, and all they needed was a program similar to the one used by sites like flickr. Next they went through all the possibilities that might cause a barrier, for instance some videos are too large to email too friends, and then they found a way to be able to do this with out email. He then acquainted himself with fellow co-founder Chad Hurley, after which they took the first step and acted on their vision! All in all the biggest thing I learned from Chen's journey was that when one success is sold use the money earned to make a new invention and make more money! Which can be used in many different life experiences other than economics.