YouTube Founders

Have you caught on to the YouTube craze? This video-sharing website has rocked the World Wide Web. Now, anyone can post a video and become world-famous overnight. From science experiments and music videos to adorable animals and laughing babies, more than 200 million videos are watched on YouTube every single day.

YouTube founders Chad Hurley and Steve Chen, said they were inspired during a dinner party at Steve's San Francisco home. His guests had cell phones and digital cameras that could record video, but they didn't have a good way to share them with one another. "There's lots of services that share pictures, but when it comes to videos, you try to e-mail them back and forth and they were too large to e-mail," Steve says. "It's really complicated to try to share these videos online. So we thought with more people with digital cameras and more people with cell phones, people would start running into these problems."

Chad, too, was one of those people—he had a new baby and wanted to share videos with his parents. "So I had videos and we just had these problems and we thought that we'd simplify the process," Chad says.

Only two years after Chad and Steve founded YouTube, the site is worth $1.6 billion. Still, they say, the money hasn't affected their dream.

"Not much has changed because we still feel there's so much we need to do, so much we need to do to improve the product and kind of define this video market to provide opportunities for people around the world. So we're not done," Chad says.

source : oprah.com

Warren Buffett Stories

There was a one hour interview on CNBC with Warren Buffett, the second richest man who has donated $31 billion (85% of his fortune) to charity.

Here are some very interesting aspects of his life :

He bought his first share at age 11 and he now regrets that he started too late!

He bought a small farm at age 14 with savings from delivering newspapers.

He still lives in the same small 3 bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.

He drives his own car everywhere and does not have a driver or security people around him.

He never travels by private jet, although he owns the world's largest private jet company.

His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis.

He has given his CEO's only two rules.
Rule number 1 : Do not lose any of your share holder's money.
Rule number 2 : Do not forget rule number 1.

He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch television.

Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffett. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffett.

Warren Buffett does not carry a cell phone, nor has a computer on his desk.

His advice to young people : Stay away from credit cards and invest in yourself.

Bill Gates Earns

Bill Gates earns US$250 every SECOND, that's about US$20 Million a Day and US$7.8 Billion a YEAR!

If he drops a thousand dollar, he won't even bother to pick it up because the 4 seconds he picks it, he would've already earned it back.

The US national debt is about 5.62 trillion. If Bill Gates were to pay the debt by himself, he will finish it in less then 10 years.

He can donate US$15 to everyone on earth but still be left with US$5 Million for his pocket money.

Michael Jordan is the highest paid athlete in US. If he doesn't drink and eat, and keeps up his annual income i.e. US$30 Million, he'll have to wait for 277 years to become as rich as Bill Gates is now.

If Bill Gates was a country, he would be the 37th richest country on earth.

If you change all of Bill Gate's money to US$1 notes, you can make a road from earth to moon, 14 times back and forth. But you have to make that road non-stop for 1,4oo years, and use a total of 713 BOEING 747 planes to transport all the money.

Bill Gates is about 40 years old. If we assume that he will live for another 35 years, he has to spend US$6.78 Million per day to finish all his money before he can go to heaven.

Last but not the least: If Microsoft Windows' users can claim US$1 for every time their computers hang because of Microsoft Windows, Bill Gates will be bankrupt in 3 years!