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 »
Looking to stave off aggressive competition from rivals such as Yahoo and Microsoft, search technology powerhouse Google has started testing a personalized Web search feature
more »
search.lt presents newest links
more »
Internet searching is a hot technology business, but you wouldn't know it from looking at Microsoft
more »
Lindows.com intends to use a US Department of Commerce programme to have Microsoft's trademarks of Windows invalidated worldwide
more »
Why have two or more screens when you can make do with just one?
more »
The future looks bright for third generation mobiles, according to the boss of phone maker Sony Ericsson
more »
Visa has already distributed millions of so-called contactless credit cards cards that can be read by simply waving them in front of small machines
more »
It's got everything from a toothpick to a bottle opener and screw driver
more »
German company Siemens introduced its latest contribution to the mini phone rage: the PenPhone
more »
Kunitake Ando, President of Sony, unveils the Japanese company's contribution to artificial intelligence: a dancing robot
more »