Upstart Internet search engine

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.

Facebook Comments

New comment


Captcha

Associated articles

Wincor Nixdorf's ATMs concured the European market

Wincor Nixdorf International installed more than 2,000 multifunction ATMs with cash/check deposit modules internationally since January. more »

ATM Industry Awards

The ATM Industry Association has extended the deadline for nominations and applications until Sept. 30 for its 2005 global awards.

more »

Siemens sells its phone unit to BenQ

Siemens is to sell its loss-making mobile phone unit to Taiwanese technology firm BenQ.

more »

search.lt news

search.lt presents newest links more »

"Microsoft" Demonstrates New "Windows"

Bill Gates has demonstrated key features of the next Windows operating system, code-named Longhorn, at a developers' conference more »

search.lt news

search.lt presents newest links more »

search.lt news

search.lt presents newest links more »