“Whereas here, I sometimes feel like the appetite for risk is lower, so I guess you could say that people are more afraid of failure. And that leads to people being more cautious, which, at the end of the day means that you will have less volatility, but overall also much less activity.” –Jawed Karim, December 2008
“When YouTube was acquired by Google, Karim received 137,443 shares of stock, worth about $64 million as of Google’s closing stock price at the time.”
While I’ve heard his name dropped here and there, no-one I’ve come in contact with is aware of any local investments on behalf of his Youniversity Ventures program. From the website:
“Youniversity Ventures focuses on the internet consumer space and works primarily with students and first-time entrepreneurs in the Bay Area and in the Twin Cities, Minnesota.”
Is there anything behind the new website I wonder?