Gilliand too, who is specialized in Security, networking, interface, process consulting,medical devices (and requirements), graphic design, advertising, web design,product development have a story to tell.

Gilliand says, “I invented the YouTube brand and worked at a company where I wasdeveloping a similar product in 1998. I inverted several key elements of theproduct “Synthetic Interview” to create YouTube, and shared this idea with myfriends. I also tried to create a company called YouTube several times between1998-2004, when in November, I talked to Chad Hurley on the phone when he wasstill working at PayPal. I explained the idea behind YouTube, the brand name,and challenged him to start the company since he had close ties to Peter Theil,a well known billionaire venture capitalist. I asked for 1% of the proceeds ofthe sale of the company in exchange for this great idea. Years later, I amstill trying to get Chad to recognize me with fiscal compensation and/or creditfor creating the brand, basic concepts (video uploading, video commenting,agnostic video format, layout of the main video screen, awards and top listings“most watched”, star ratings, viewers, DMCA automation, video and audiofingerprinting).

Aftera phone call with Sergey Brin in August of 2007, several other of my ideasbecame a part of YouTube (thumbs-up and thumbs-down, video annotation). Sincethey seem to depend so much on my ideas to make their billions, why can’t thensee the benefit in enabling me to start my own firm? Why do these “altruistic”billionaires not see the benefit in sharing some of their wealth?”

Evenif YouTube founders Chad Hurley, Steve Chen and Jawed Karim get to know thisstory, I guess they will not be ready to give him the credits. So I would liketo advice the hungry entrepreneurs to be careful when you share your hot ideas.You will not know whether your idea is gold mine or not.

(Source of the story: Tech Crunch)