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 »
In a move that will change how millions of consumers buy their PCs, Intel later this year will adopt a new system for differentiating its processors
more »
Samsung is planning to launch in Europe a camera phone capable of taking pictures with a resolution of 2 million pixels
more »
Panasonic announced on Friday that it plans to launch a 1GB Secure Digital card first in Japan in April
more »
A snapshot of the gadgets on offer at the giant Cebit technology trade show.
more »
German authorities conducted raids on more than 750 locations on Tuesday and Thursday this week
more »
Scott McGregor of Philips Semiconductor, the leader in radio frequency ID chips, says they'll change the world -- and not threaten privacy
more »
Mobile handset fans must get a real kick out of CeBIT
more »
The contract covers Barclays deposit devices, ATMs and statement printers, as well as the ATM network Helpdesk for Barclays branches
more »
Wincor Nixdorf - the new European market leader in ePOS systems
more »
If Microsoft is wondering how its antitrust case is faring in Europe, what happened yesterday in Brussels said it all
more »