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

Web Phones Take Wing

Now, cell phones can deliver nifty Net services fast, and Americans are signing up by the millions more »

search.lt news

search.lt presents newest links more »

The Best Internet Portal

Internet Portal Developed by Lithuanians Ranked Best in the USA more »

Europeans Show Strong Interest in 3G

A significant number of Europeans are interested in 3G wireless technology, and half are willing to pay for it more »

Out of Phone Numbers? Add Digits

Someday soon North American telephone numbers might add up to 12 digits, including area code, instead of the current 10 more »

search.lt news

search.lt presents newest links more »

White House Releases Cybersecurity Plan

The Bush administration released a scaled-back cybersecurity strategy outlining steps that the government, industry and citizens should take to protect computer systems from online attacks more »

Microsoft patch can lock users out of Web sites

A recent Microsoft Corp. security patch for Internet Explorer (IE) can lock users out of certain Web sites more »

E-hoard with Microsoft's life database

'Surrogate memory' stores your life on hard disk more »

The fastest market

Lithuania’s Payment Card Market is Growing Fastest in CEE more »