YouTube’s Hurley Bankrolling US F1; Plans Video Content, Social Media

His video site may not yet be as profitable as hoped, but YouTube co-founder and CEO Chad Hurley’s a wealthy young man in need of an outlet. He has becoming the “primary investor” for US F1, the motorsports team debuting in next year’s season.

Hurley, who recently met Formula One Management CEO Bernie Eccelstone at the British grand prix, tells “I thought it was a great business opportunity and a good investment.” But he will also be bringing his digital expertise to bear: “I am definitely going to be involved in helping the team with sponsors, helping the team with business relationships, and helping the team with integrating technology