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Warmest Greetings,
:: Tuesday, September 10, 2002 ::
Happy Birthday Google. Did you cash that check yet?
Four years ago, Google founders Larry Page and Sergey Brin needed to incorporate their new company. Why? So they could cash a $100,000 personal check that had been sitting in Page's desk drawer for a couple of weeks.
"The investment created a small dilemma. There was no way to deposit the check since there was no legal entity known as 'Google Inc.' It sat in Larry's desk drawer for a couple of weeks while he and Sergey scrambled to set up a corporation and locate a few other funders among family, friends and acquaintances. Ultimately, they brought in a total initial investment of almost $1 million."
"The company grew quickly, and on June 7 1999, the company announced that it had secured a round of funding that included $25 million from Sequoia Capital and Kleiner Perkins Caufield & Buyers."
Source: http://searchenginewatch.com/searchday/02/sd0910-google-bd.html
Google got lucky. The guy from NSYNC who trained to fly to the space station was rejected because he couldn't come up with the $20 million the Russians said he needed.
I guess a search engine is worth more than space travel these days.
Kim
:: posted by Kim Krause Berg on 9/10/2002 11:26:04 AM
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