Forgotten YouTube founder Jawed Karim prefers Minnesota to the Valley The other YouTube cofounder, Jawed Karim, has all the good ideas. First, according to an interview Karim gave the New York Times in 2006 , he was the one came up with the idea of a video-sharing site that would eventually sell to Google for $1.65 billion. Second, he's also the one who, even before collecting Google's millions, smartly realized he didn't need to stick around to see how things turned out. Karim headed back to Stanford to finish his Ph.D., which he's still working on. Now, on the side, Karim's decided to take on what his former PayPal colleague Peter Thiel calls a "cushy" profession and become a startup-seeding venture capitalist, reports the Minneapolis Star-Tribune. Maybe Karim's idea-well has gone dry? Karim's firm, the awkwardly named Youniversity, will focus on college students in Minnesota and ignore Silicon Valley. The Valley, Jawed told the Star-Tribune , "has a lot of noise."

Silicon Valley has a lot of noise, a lot of hype. People are very excited about all of the Facebook stuff, Facebook applications. It's just been a huge hype over the last year when actually ... there isn't really that much value. It's just a bubble. It's almost a distraction. Whereas here, there is certainly less activity. But at the same time, you don't have these bubbles of nonsense out here.