YouTube Co-Founder Blowing Millions On A Formula One Racing Team

Chad Hurley, the founder of YouTube, is taking a chunk of the millions Google gave him and burning investing it in a Formula One racing team.

He tells Michael Arrington a Formula One team typically costs $100 million annually, but he’s hoping to do it for less. On monetizing YouTube, he has less to say. Right around 2:00 marker you can hear his Formula One chatter.

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