When Google bought YouTube in 2006 for $1.65 billion, we knew that the video sharing site’s investors had hit a home run. Now we know exactly how far it went, thanks to documents released today as part of Viacom’s copyright infringment suit against Google.
Sequoia Capital invested a total of $9 million over two funding rounds in 2005 and 2006, and ultimately received $516 million worth of Google stock. This is higher than prior reports of a $442 million payout. If Sequoia held onto its shares, they would now be worth an additional $68 million.
Artis Capital, a hedge fund with ties to Sequoia, invested around $3 million in YouTube’s Series B round and received $85 million in Google stock. It would be worth another $11 million or so on today’s market.
Read the court filing below:
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