According to a source cited by the Wall Street Journal, Google plans on plunking down a cool $1.6 billion to acquire video Web site YouTube. Google and YouTube have both declined to comment on the matter. As of July, traffic to YouTube outpaced Google Video by 21.2 million. YouTube’s chief financial backer, Sequoia Capital, has invested $11.5 million in the company so far. A $1.6 billion sale would represent nearly 7,000 percent profit on that investment.
David Thomas, CEO at Evident, is an accomplished cybersecurity entrepreneur. He has a history of introducing innovative technologies, establishing them in the market, and driving growth – with each early-stage company emerging as the market leader.