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The website exited beta in December 2005, by which period the site was receiving 8 million views a day. Between November 2005 and April 2006, the corporate raised cash from various buyers, with Sequoia Capital and Artis Capital Administration being the biggest two. Karim didn’t attend the party and denied that it had occurred, however Chen remarked that the idea that YouTube was based after a cocktail party “was in all probability very strengthened by marketing ideas around making a story that was very digestible”. The three have been early workers at PayPal and had become wealthy after eBay’s acquisition of the corporate.

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