Chen Shijun, A 28 Year Old Chinese Billionaire Who Beat Google

Introduction: YouTube, which means "your TV set", is the highest video sharing website in the world, with 100 million times daily video viewing traffic.

Sadam's execution and hanged screen was put on the YouTube by mobile phone. After that, he triggered a factional struggle in the Islamic world, almost causing international disputes.

This is how money is created in the printing shop.

Chen Shijun, the founder of the US YouTube, the 1. web site has a click volume of over 100 million yuan, which is only one year, 8 months.

The three largest television network in the United States, founded on an average of 65 years, has been viewed by an unknown employee in the hot spots of the evening. It is called YouTube. The average age of the 3 founders is less than 30 years old, and one of them has not graduated yet.

YouTube, which means "your TV set", is the 100 million largest video sharing website in the world.

YouTube's influence in the video and audio market, and even Google, a web search leader, can't beat.

In November last year, Google bought YouTube with a high price of 1 billion 650 million US dollars (12 billion 900 million yuan), which created third of the Internet purchase amount in 6 years.

The merger is called "the combination of the king of search engine and the king of film and television".

2., Chen Shijun, the only Chinese founder of YouTube, is the 3 Chinese founder.

He was born in Taiwan and moved to the United States at the age of 8. After receiving the training of "problem solving" at the Affiliated High School of mathematics and Science in Illinois and the University of Illinois, he left school next semester, entered PayPal with only 4 employees, and later founded YouTube.

No one expected that when Google incorporated YouTube into a subsidiary, he became a 28 billion billionaire overnight.

After 4 months of interviews, signing a confidentiality agreement, and getting rid of the tape in the VCR, Taiwan's business week's interview team was able to enter San Bruno's new office 10 minutes away from SanFrancico Airport. YouTube

This is the Google's most important secret base.

"HiGuys!

(Hello) "Chen Shijun, wearing a bottle of Pepsi Cola, wearing earrings and curly hair, appeared on time.

The appointment time is 3 p.m., in order to keep up with his rest and sleep.

Like many technology engineers, he often works in the middle of the night, falls asleep in the morning and goes to work at noon.

What's the key to YouTube's success in the 3. office?

We asked.

(the dog barks in the office. This is the pet brought by the staff.

"Nothing, we have always believed..."

Chen Shijun pondered (at this time someone was playing electric guitar in the lounge).

"What do you believe?"

"Believe in the supremacy of consumers, and believe that" You "is the most important thing.

The story begins with a dialogue in early 2005.

At that time, Chen Shijun had just left PayPal, a network company that had been in business for 6 years.

Another steady job is waiting for him, but Chen Shijun plans to start a business.

"Are you sure you want to do this?"

Chen Shijun's friend Carrol persuaded him, "you just bought the house, the mortgage pressure is not small, so the risk is too big."

Carol persuaded him to accept a steady job of engineers, but Chen Shijun was full of thinking about a friend's party.

Participants of the party took videos and photos, but later they wanted to share with each other, but they found that there was no good movie sharing platform on the Internet - not to download special software, that is, to upload content to censor websites, and even to wait for 5 days to see the movie.

As a computer expert, Chen Shijun, after discussing with his old colleague He Li and Mr. Kim, found that it is not difficult to solve the technical problem, but no one is willing to solve this problem. "If we can untie it, how interesting it is."

The 3 are convinced that as long as they can help consumers solve problems and build a convenient video sharing platform, they will have the chance to succeed in business.

Because they have just witnessed the power of network video.

The 4. inspiration came from the Indonesian tsunami. "It was the first major disaster movie that was broadcast by people's mobile phones."

Karim recalls.

At 7:59 a.m. on December 26, 2004, Tommy, a 31 year old Swedish car repair worker, was on holiday in Indonesia's Phuket Island. Suddenly, "roaring rumble" and a strange murmur broke out on the sea. Suddenly, 3 storey waves swept across the sky.

Tommy shouted and ran. He picked up his cell phone and took the picture.

This scene was not captured by the US cable television network (CNN).

The video was first shown on the website of Dagbladet daily in Norway. Within 12 hours, the global media including CNN was chasing Tommy to buy the video.

Chen Shijun 3 people are surprised that technological progress has enabled the whole people to have the right to create, and car repair workers can also defeat CNN reporters.

They also found that there were 12 blogs in the broadcast of the South Asian tsunami short film. One of the anonymous bloggers attracted 680 thousand people to watch online from 5 days. At that time, at least 1 million 300 thousand people saw the content of the South Asian tsunami on the Internet. This figure is higher than the weekly circulation of 1 million 200 thousand in the US business week.

Why do people like to watch movies on the Internet? The 5. share is so powerful.

Do you want to share it with others?

Or is it able to decide when to appreciate freedom?

"Let's start experimenting. Do you really enjoy sharing so much?"

Chen Shijun said.

They immediately put in an explanation of the air force one of the US presidential special plane at Wikipedia. This simple two line word, after a few months, became full of hundreds of lines under the participation of netizens.

The result proves that "the power of sharing is great!"

Chen Shijun said.

Wikipedia is the standard product shared by the whole nation.

Encyclopedia Britannica spent 238 years, and each time he wrote three thousand or four thousand scholars, he accumulated 120 thousand articles.

Wikipedia only spent two years, with two full-time staff, the error rate is very poor.

Small ants can also bring down giant giants!

Chen Shijun's previous experience in website PayPal has made him not only know but also believe in "consumer is king".

PayPal, which provides payment services that make it easy for consumers to use, has defeated Billpoint, the online payment company of eBay, the world's largest shopping website. The latter is willing to spend $1 billion 500 million (about 12 billion yuan) to buy PayPal.

Consumers are awakening with a force that no one can imagine.

A series of discoveries inspired Chen Shijun to make a decision that nobody dared to take.

In February 2005, Chen Shijun and 3 people started their business in the garage of He Li's family.

"Several computers, a credit card (Chen Shijun's credit card), set up the system."

Chen Shijun said.

In May 2005, 6. people were charged with 600 thousand yuan of debt cards. In May 2005, 3 people were sitting in a garage full of miscellaneous faces. They wanted to provide a platform for eBay Internet auctioneers, but the seller did not like to introduce products in films. The result was "no one is using it," said Chen Shijun.

How could this happen?

Chen Shijun reviewed that although his mouth emphasized consumers, he still grasped his own interests in his hands.

What YouTube thinks of is to give the service to whoever will make money and try to pave the way for future charging service, but not to put all his heart on how to make consumers share the movie lightly.

The first decision Chen Shijun made was to release his hands, "not to plug our products into consumers, but to create products that they want."

"This is suicide!"

Internet Digital executive Chen Mingyao commented.

They announced that they could provide "embedded services". When consumers upload videos to the YouTube website, other people who like movies or want to watch videos can set up links directly to their web pages.

That is to say, all people do not need to enter the YouTube website, and they can see those films on their homepage.

YouTube provides an embedded service. It is a pioneering work. They go further to let consumers show their interest videos. "Users are not only consumers, but also developers of products."

Chen Shijun said.

"I believe in the power of consumers."

Chen Shijun said.

At that time, he had just left eBay, borrowed money from a bank and bought a house in San Francisco.

After the establishment of YouTube, in order to pay the monthly bandwidth of 18 thousand US dollars (about 140 thousand yuan, NT $600 thousand), we were forced to ask the bank to negotiate 3 times the credit limit.

So hard, just to let consumers upload their favorite videos.

Sadam, 7., was put on the YouTube screen in October 2005. A group of young people aged twenty and above discovered the benefits of YouTube. They began to write diary in their blogs and caused a sensation in MySpace, the largest social networking site in the world.

Fortunately, the lucky man also favored YouTube.

Through PayPal's old colleagues, she has invested in Google and Yahoo's stock making machine -- Sequoia venture, willing to listen to Chen Shijun's presentation, "we didn't even have offices at that time, and there was no business plan for the website."

However, seeing that the number of clicks has skyrocketed, Sequoia has solved their urgent need with a sum of US $3 million 500 thousand.

The movie on YouTube is joyful and breathtaking.

The little baby sitting on the baby chair hears the sound of "Ding" and "Dong", and can't help but "Whoa ha ha".

With a click, he smiled for 1 minutes and 40 seconds. He laughed from the beginning to the end.

When you send this movie to YouTube's website, you will be happy as well.

Sadam's execution and hanged screen was put on the YouTube by mobile phone. After that, he triggered a factional struggle in the Islamic world, almost causing international disputes.

8. hours, but YouTube Google bought it for 1 years and 8 months, and Chen Shijun made the whole world crazy.

The advantage of the pioneers is to make the Internet community stick to YouTube. Even if Google and Yahoo catch up with each other, they will still not be loyal to YouTube's loyalty.

With the development of video sharing platform at the same time, a year later, the Google with ten thousand employees can create a viewing population of only 1/5 of the YouTube of 60 people.

Google decided to buy YouTube.

Even though YouTube has yet to make a profit, the magazine of the times thinks that Google has made a big profit by buying YouTube from its 34 million eyeballs and the business opportunities behind it.

Chen Shijun recalled the whole process of mergers and acquisitions.

When he and his partner He Li first met with Google founder page and Brin, he described himself as nervous and forgot what he said. He only knew he had really done it. After less than a week after meeting, he signed a contract from a debt boy to a billionaire.

"Look back, I laugh at myself, and I have a steady road..."

At the beginning, he advised him to find a steady job, Carol wrote in his book.

In those days, Carol saw danger, and Chen Shijun saw opportunity because he believed in the supremacy of consumers.

This belief decided two very different roads.