It is probably obvious that AGLOCO is the total focus of this blog. But with YouTube giving out shareholder details, I thought it might be fun to compare it to what AGLOCO would do with $1.7 billion dollars.
Let’s look at YouTube first.
• Founders
o Chad Hurley -$326 million o Chad Hurley Children – $19 million
o Steven Chen - $326 million (He seems to have shared with family – David Chen $9.7 million, Richard Chen $9.6 million and Sharon Chen $9.6 million
o Jawed Karim - $64.6 million (quit YouTube early and went to Stanford to get his PhD.)
Total Founders $765 million
•
YouTube employees (
from the list) – max time on job 18 months –
o Shannon Hermes - $1.3 million (receptionist/office manager)
o Julie Supan - $4.9 (chief press spokeswoman)
o Heather Gillette - $4 million (Director of customer support)
o Bradley Heilburn - $6.1 million (‘systems’)
o Christina Brodbeck - $8.6 million (senior user interface designer)
Micah Shebar - $1.6 million (community advocate)
o Colin Corbett - $6.5 million (Director for Networking)
o Yu Pan - $35.5 million (Senior Software Engineer)
o Michael Abe Solomon - $19.3 million (Principal Architect)
o Cuong Do - $17.7 (Engineering Manager)
o Kevin Donohue - $12.1 million (Vice President of Content)
o Dwipal Akhilesh Desai - $6.1 (Senior Engineer)
o Mayrose Dunton - $4 million (Director of Product Development)
o Erik Klein - $3.6 million (Senior Software Engineer)
o Matthew Noel Rizzo - $3.6 million (software Engineer)
o Hong J. Qu - $2.8 million ( User Interface Designer) o
Christopher Maxcy - $2.6 million (Vice President of Business Development)
o Jacob Mark McGuire - $1.6 million (Software Engineer)
Others ?
Total Employees $142 million +
• Investors (and others)
o Artis (Investments) - $75 million
o Others ?
Total Investors $579 million +
• The users/members of YouTube
As a group, they got - $0
Total users/members of YouTube $0.00
Sources:
Let’s look at AGLOCO - (
a hypothetical sale at $1.7billion – please note the part above is real – the people named received Google stock with approximately that value according to the
SEC. The part below is hypothetical. Used to illustrate the major economic difference )
To do this we need to make some important assumptions. Timing – say 2 years ; # of members – say 5,000,000 active members. Also to make a comparison closer, I assumed that the $1.7billion bought out both AGLOCO and the management company (which gets 10% of the gross AGLOCO revenue).
Founders, employees and investors as a group are all part of the management company – I put 10% of the $1.7 billion to buy this ($170 million).
• Founders – there are 14 founders listed on the AGLOCO website – if they get the same 45% as YouTube’s founders got it would be $76 million – split 14 ways would be an average of $5.5 million each – (not in the same league as Chen and Hurley’s $326 million each, but still a lot of money.)
• Employees – if it is the same 9% as YouTube it would be $15 million for all of the employees.
• Investors would get the rest - $79 million These seem to be all great rewards for these people. (But not headline making ones.)
• AGLOCO members - $1,530 million (given the referral system about ½ of this would go to the members who built the network – their referral network and ½ would go to all members based on their personal accumulated viewbar hours. )
o All regular members -$765 million divided by 5,000,000 members (and based on their viewbar hours) – an average of $153.
A member who joins and uses the Viewbar starting in April 2007 - $306
A member who joins and uses the Viewbar starting in March 2009 - $13
o Members with referrals (average referral would be worth $30.50 - $153 divided by 5 levels)
Referrals who start using the Viewbar in April 2007 are worth about $61 each (if they start in March 2009 - $2.50)
• Lets make some wild guesses with this valuation and use some
Top Gun names to make this blog more fun to read. (To make it simple I started with the February 16 Top Gun Numbers.) T
his calculation is full of assumptions – I will use John Chow as my example of how imprecise this is. He currently has 5.072 referrals (
per Top Gun). He has a stated goal of 30,000, by the end of 2007 – he is a smart person and usually hits his targets. And let’s further assume he does not quit there and grows to 60,000 by the end of March 2009. Now the 5,072 are the most valuable kind of referrals ($61) as they will start with the Viewbar early (Value to John $309,392). The next 55,000 we’ll assume are gained equally over time and with a $30.50 rate) – Value to John $1,677,500). Total is $1,986,892. But all referrals will not download the Viewbar, so let’s cut this number by 50% to $993,446.
• Mr. X - $4 million
• David Lawrence - $3.5 million
• RZ McCall - $3.2 million
• John Chow - $1 million
• Yogesh Subhanand - $ 0.7 million
• Geoff Shenk - $0.6 million
• Valerie Underhill - $0.4 million
Let’s hope these people are not out spending this money just yet. The odds of things happening this way are near 0%, but the general sharing relationships are instructive.
The AGLOCO members will get the lion’s share of the value (the group starting and financing AGLOCO will get a smaller, but fair return on their risk). Individual members who join AGLOCO, but choose not to participate in actively building it will get half of the money. And the small group of AGLOCO members who help build the network will also receive a significant portion of the value created.
Hope you had some fun reading this. The YouTube amounts were fascinating to me. And, of course, being able to demonstrate so graphically what an economic revolution AGLOCO could provide was equally fun for me.
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