Steve Chen - Entrepreneurs, Family and Life

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Steve Chen's Personal Details

The famous American internet entrepreneur and technocrat is a co-founder of the popular video-blogging site ‘YouTube’

InformationDetail
BirthdayAugust 18, 1978
NationalityAmerican
FamousEntrepreneurs, Software Entrepreneurs, it, Millionaires, University Of Illinois, Business People, IT & Software Entrepreneurs
SpousesPark Ji-hyun (Jamie Chen)
Known asSteven Shih
Universities
  • University Of Illinois
  • University of Illinois at Urbana–Champaign
  • John Hersey High School
  • Illinois Mathematics and Science Academy
Notable Alumnis
  • University Of Illinois
Founder / Co-Founder
  • AVOS Systems
  • YouTube
Birth PlaceTaipei
Height170cm
GenderMale
Net Worth$300 million as of Apr 7,2017
Sun SignLeo
Born inTaipei
Famous asEntrepreneur

// Famous Software Entrepreneurs

Steve Chen's photo

Who is Steve Chen?

Steven Chen is an American internet entrepreneur, best known as a co-founder of YouTube. Though his is not a household name, his innovations have permanently changed the way that we communicate. In the ten years since the creation of YouTube and its subsequent popularity, his creation has revolutionized the viral video model, making it easier for us to document and share parts of our lives with people all over the world. Never one to linger past his time, Chen left YouTube after it was sold to Google. He later went on to co-found AVOS Systems, Inc. and create ‘MixBit’, a video-sharing app. His work on the cutting edge of technology keeps him relevant a decade after he came onto the scene, and he has been noted as one to watch in the technological field by many sources. He is known for his secrecy in regards to his upcoming projects, as well as for being finance savvy, a reason that made him a multimillionaire. However, Chen does not just sit on his wealth; he uses his keen eye to reinvest his earnings, and also makes donations to charities and other organizations of his choice. He currently lives in San Francisco, California and works with Google Ventures to find and fund the next generation of technological innovations.

// Famous Entrepreneurs

Childhood & Early Life

Steven Shih Chen was born on 18th August 1978, in Taipei, Taiwan. He and his family immigrated to the United States in 1993, and settled in Illinois.

After graduating from ‘Illinois Mathematics and Science Academy’, where he finished high school, he attended the ‘University of Illinois at Urbana- Champaign’. He graduated in 2002 with a degree in computer science.

Career

Chen worked at ‘PayPal’ when he met Chad Hurley and Jawed Karim, the other two founders of ‘YouTube’. He then moved from ‘PayPal’ to work for ‘Facebook’, which he quit several months after to found ‘YouTube’.

In 2005, he and the other two co-founders launched ‘YouTube’ and Chen held the position of Chief Technology Officer. The site grew rapidly, and within months they announced that they were receiving 100 million video views every day, and that 65,000 new videos were uploaded per day.

In 2006, the site was ranked as the 10th most popular website. That June, they entered into a marketing partnership with NBC. They sold the company that year to Google for the price of $1.65 billion dollar in stock.

Chen started another internet company, ‘AVOS Systems, Inc.’, with Chad Hurley and Vijay Karunamurthy. In April 2011, AVOS purchased ‘Delicious’, a social bookmarking website, from ‘Yahoo’.

In May 2011 they purchased ‘Tap 11’, a social analytics company; however, they sold Tap 11 last year. AVOS’ sole focus as a company right now is ‘MixBit’, an app that allows you to create and share short videos. It is in direct competition with ‘Instagram’ and ‘Vine’.

In 2014, he joined ‘Google Ventures’, a subsidiary of Google which provides funding to technology companies in all stages of development. They invest in startups from a variety of fields, from computer software to healthcare.

Major Works

Chen is best known for the creation of ‘YouTube’ in 2005. After receiving a startup investment from Sequoia Capital to the tune of $11.5 million the founding team offered a beta test to the public in May, and officially launched the site in November.

After their incredible growth, Chen and his partners sold the company. Chen received 625,366 shares of Google, which were reported to be worth $326 million, and an additional 68,721 in trust.

‘YouTube’ is currently the major provider of online video in the United States, and is ranked third behind Google and Facebook as one of the most visited sites on the web.

Awards & Achievements

In 2005, Chen was named one of the “50 People Who Matter Now” in business by the magazine Business 2.0. He and his partner were praised for their humility and for revolutionizing the video sharing industry with the viral video model.

In 2008, he and Hurley were recognized by the ‘Producer’s Guild of America’. They received the ‘Vanguard Award’, which is given to those who have outstanding achievements in new media and technology formats.

Personal Life & Legacy

Chen is married to Park Ji-hyun (now Jamie Chen), a product marketing manager for Google Korea. The couple exchanged the wedding vows in 2009 and welcomed their son a year later.

Net Worth

Chen’s net worth is currently estimated at $300 million dollars. It is expected to increase as his technological investments increase.

Trivia

This famous internet entrepreneur’s wife Jamie is a trustee of the ‘Asian Art Museum of San Francisco’. They provide a huge amount of support to the institution.

// Famous it

Steve Chen awards

YearNameAward

Other

PGA Vanguard Award

Steve Chen biography timelines

  • // 18th Aug 1978 To 1993
    Steven Shih Chen was born on 18th August 1978, in Taipei, Taiwan. He and his family immigrated to the United States in 1993, and settled in Illinois.
  • // 2002
    After graduating from ‘Illinois Mathematics and Science Academy’, where he finished high school, he attended the ‘University of Illinois at Urbana- Champaign’. He graduated in 2002 with a degree in computer science.
  • // 2005
    In 2005, he and the other two co-founders launched ‘YouTube’ and Chen held the position of Chief Technology Officer. The site grew rapidly, and within months they announced that they were receiving 100 million video views every day, and that 65,000 new videos were uploaded per day.
  • // 2005
    Chen is best known for the creation of ‘YouTube’ in 2005. After receiving a startup investment from Sequoia Capital to the tune of $11.5 million the founding team offered a beta test to the public in May, and officially launched the site in November.
  • // 2005
    In 2005, Chen was named one of the “50 People Who Matter Now” in business by the magazine Business 2.0. He and his partner were praised for their humility and for revolutionizing the video sharing industry with the viral video model.
  • // 2006
    In 2006, the site was ranked as the 10th most popular website. That June, they entered into a marketing partnership with NBC. They sold the company that year to Google for the price of $1.65 billion dollar in stock.
  • // 2008
    In 2008, he and Hurley were recognized by the ‘Producer’s Guild of America’. They received the ‘Vanguard Award’, which is given to those who have outstanding achievements in new media and technology formats.
  • // 2009
    Chen is married to Park Ji-hyun (now Jamie Chen), a product marketing manager for Google Korea. The couple exchanged the wedding vows in 2009 and welcomed their son a year later.
  • // Apr 2011
    Chen started another internet company, ‘AVOS Systems, Inc.’, with Chad Hurley and Vijay Karunamurthy. In April 2011, AVOS purchased ‘Delicious’, a social bookmarking website, from ‘Yahoo’.
  • // May 2011
    In May 2011 they purchased ‘Tap 11’, a social analytics company; however, they sold Tap 11 last year. AVOS’ sole focus as a company right now is ‘MixBit’, an app that allows you to create and share short videos. It is in direct competition with ‘Instagram’ and ‘Vine’.
  • // 2014
    In 2014, he joined ‘Google Ventures’, a subsidiary of Google which provides funding to technology companies in all stages of development. They invest in startups from a variety of fields, from computer software to healthcare.

// Famous Alumni of University Of Illinois

Steve Chen's FAQ

  • What is Steve Chen birthday?

    Steve Chen was born at 1978-08-18

  • Where is Steve Chen's birth place?

    Steve Chen was born in Taipei

  • What is Steve Chen nationalities?

    Steve Chen's nationalities is American

  • Who is Steve Chen spouses?

    Steve Chen's spouses is Park Ji-hyun (Jamie Chen)

  • What was Steve Chen universities?

    Steve Chen studied at University Of Illinois, University of Illinois at Urbana–Champaign, John Hersey High School, Illinois Mathematics and Science Academy

  • What was Steve Chen notable alumnis?

    Steve Chen's notable alumnis is University Of Illinois

  • Which company or organization was founded by Steve Chen?

    Steve Chen was the founder/co-founder of AVOS Systems, YouTube

  • How tall is Steve Chen?

    Steve Chen's height is 170

  • What is Steve Chen's sun sign?

    Steve Chen is Leo

  • How famous is Steve Chen?

    Steve Chen is famouse as Entrepreneur