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Reviewed by Roy T. James for Readers' Favorite
YouTube: TheRealYouTubeStory.com by Eric Skaggs is the true story, as the author puts it, of how he, Eric Skaggs, gave Chad Hurley the entire idea for YouTube in exchange for a promise of one percent of the $40 billion company. It begins when an chance encounter with ‘a tall guy wearing a baseball cap with a bag slung over his shoulder,’ turns into something more than casual discussions on creating websites and other possibilities and ideas. In the ensuing discussion, the author mentions the possibility of creating a website to do many things with videos, which could potentially become a good earner, thanks to the proliferation of videos and related development likely to happen in this field. The author readily parts with the idea, proposing that ‘1% of whatever profit you make is mine.’ This is accepted, and the idea is taken to its fruition and beyond by Chad Hurley, who conveniently is forgetful about the 1% ever since.
YouTube: TheRealYouTubeStory.com by Eric Skaggs is a well researched work. Each and every loose end about the ‘1% of profit’ agreement and other communications with Chad Hurley seem to have been well tied up, except for the period between the seeding of the idea and YouTube becoming famous. Scores of phone calls and visits made by the author to establish the factual position regarding his involvement with YouTube make interesting reading. Even as a reviewer, I sympathize with the author for his loss of gain and wish for a speedy settlement.