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

Lithuania's First 3G Call

Lithuania's acting president H. E. Arturas Paulauskas made the country's first 3G call over Omnitel's trial network on May 1st more »

3G will 'be the norm' in 2009

Seven out of ten Western European mobile users will have a 3G-enabled device within five years more »

New worm's got sass, but not much else

The security researchers at eEye Digital Security are not impressed with the Sasser worm more »

search.lt news

search.lt presents newest links more »

New Blade Servers

HP: Trim the Fat with Efficeon Blades more »

Spying software watches you work

Spyware has infected almost all companies polled for a survey about web-using habits at work more »

New form of digital radio launched

Nokia postions visual radio against DAB more »

search.lt news

search.lt presents newest links more »

A portal site DirectEurope

HP, Oracle, OTP launch portal site to assist applications for EU funds more »

IBM expands search push with Masala

Finding things is becoming a growing concern for IBM more »