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 »
Microsoft's Bing search engine will be the sole provider of search and paid search technology for all of Yahoo's websites. Yahoo will sell premium search ads for both companies.
more »
Thales UK today announces that its Cat III Instrument Landing System (ILS)1 has received UK approval for installation at Bournemouth Airport.
more »
Postbank customers can now pay their fuel bills at Shell service stations and withdraw cash as stations in Hamburg, Germany, have been converted to the new technology from Wincor Nixdorf International.
more »
Japanese company Crescent has simulated a series of emergency situations that people may have to deal with in the workplace. By practicing with these simulations they can learn how to cope with a real-life crisis.
more »
The touchscreen device built on Google's Android platform equates to a bold attempt by HTC to take on Apple's popular iPhone - not by creating a copycat - but by building an attractive alternative.
more »
A devious piece of criminal coding that has been quietly at work in a clutch of ATMs at banks in Russia and Ukraine has recently been discovered.
more »
In the person-to-person transfer business, text messaging is so 2008.
more »
Bank Central Asia, one of Indonesia's largest banks, has partnered with Wincor Nixdorf International to rejuvenate its branch network.
more »
What's cooking at Tokyo's International Food Machinery and Technology Expo? For this robo-chef, it's okonomiaki, Japanese pancakes.
more »
Taking attendance at Aoyama University used to be a chore, but no longer as the Japanese school is giving over 500 iPhones to students and faculty in an effort to enhance the classroom experience.
more »