Google Gets Backing From Heavy Hitters.
Published:
6 June 1999 y., Sunday
Upstart Internet search engine Google Inc. has attracted $25 million in venture-capital funding from two of Silicon Valley_s most familiar names. Sequoia Capital partner Michael Moritz and John Doerr of Kleiner Perkins Caufield & Byers are bringing in the $25 million to Google, according to a Wall Street Journal report. Both will also join the company_s board of directors. Moritz gained fame through investing early in Internet phenoms like Yahoo! Inc. and eToys Inc., and Doerr made his mark through early involvement with Amazon.com Inc. The two venture capital firms will receive combined equity of nearly 40 percent for their efforts. According to the Journal, Google_s coupe is above and beyond the usual investment takings, even for an Internet company. Google plans to use the money to fund expansions.
Šaltinis:
Finance News Archives
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
Networking sites like Facebook and YouTube are changing politics.
more »
Vendor to service almost 4,000 existing ATMs and supply another 450.
more »
The advent of deposit automation, facilitated in many ways by the implementation of Check 21, is not only improving check-handling processes at the self-service terminal – it also is improving handling within the bank branch itself.
more »
The Moroccan Post Office, Barid Al-Maghrib, has selected Bull to act as project manager on the automation project for its International Mail Center in Casablanca.
more »
Gemalto has taken home one of the most coveted technology prizes in Austin with its Smart Enterprise Guardian (SEG).
more »
Banks in Australia are rushing to install gas detectors into their ATMs, as gas-explosive attacks on ATMs in the country continue to climb.
more »
EMC CEO Joe Tucci and Microsoft CEO Steve Ballmer showcase deep technology collaboration at New York CIO Summit.
more »
India-based mChek looks to offer its secured SIM-card-based mobile applications through partnership with Gemalto.
more »
Nearly one week after news emerged of the big data breach at Princeton, N.J.-based merchant acquirer Heartland Payment Systems Inc., it remains unclear how much damage actually happened and who did it.
more »
Wincor Nixdorf AG has announced the release of an enhanced security product for bank branches called ProTect.
more »