YouTube Founders Meet Moritz

Paul English shares a story about meeting YouTube's founders in their early days through Mike Moritz at Sequoia.

"When we financed Kayak in 2004, we were working out of General Catalyst in Cambridge, Mass, and then we raised money from Mike Moritz at Sequoia. I remember one day my co-founder and I were working out of Sequoia's office and Mike Moritz said 'Oh, I wanted to introduce you to a couple guys - this is Chad Hurley and that's his cofounder' [Steve Chen]. They were the founders of YouTube.

I remember meeting those guys in Sequoia's office and Mike's like 'Yeah these guys are like putting videos online' and I'm like 'Yeah that's cool, whatever.' I didn't see that one either. I have some famous misses. I've been very lucky as an investor - I think my IRR is 30.5% over the last several years and I've invested in 60 companies, but I've missed some big ones."