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 »
High-profile telecom and networking companies are banding together to crack down on hackers
more »
End-of-show report for CeBIT 2005 (10 to 16 March) in Hannover/Germany
more »
Sony Ericsson announces at CeBIT the Bluetooth Motion Cam ROB-1
more »
German video streaming service company TV1 is launching at CeBit 2005 an online personal video recording service called shift.tv
more »
search.lt presents newest links
more »
China retailers are just starting to adopt electronic point-of-sale terminals, as the number of shipments is expected to surpass those to Germany, Europe's largest POS market, this year
more »
On January 27, 2005 JSC “Skaitmeninio sertifikavimo centras” (Digital Certification Centre) presented an application for IVPC to register a company providing qualified certification services. The director of the company Mudrikas Dadasovas tells about the future plans.
more »
GuruNet's stock fell back to Earth on Tuesday after the company revealed the extent of its tightening relationship with Google
more »
Photos of a "dead" Saddam Hussein are the lure for a new mass-mailing worm, Sophos warned on Thursday
more »
Picking up where it left off in 2004 with its distributed computing plans, IBM introduced a new service to help companies build and deploy service-oriented architectures
more »