mini_case_google_fin521_2011

mini_case_google_fin521_2011 - Web Images Groups News...

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1 Web Images Groups News Froogle more » Google S earch I'm Feeling Lucky Advanced Search Preferences Language Tools Advertising Programs - Business Solutions - About Google Make Google Your Homepage! ©2004 Google - Searching 4,285,199,774 web pages Google’s IPO
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2 Background Larry Page and Sergey Brin (Stanford University graduate students in computer science) collaborated and developed search engine originally called “Backrub” in 1996 Yahoo! Founder David Filo finds technology solid and encourages duo in 1998 to start a search engine company “Kiss an angel good morning” – obtain $100,000 seed investment from Andy Bechtolsheim (one of founders of Sun Microsystems) Raise total of $1M from family/friends/acquaintances/other angels during 1998
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3 Background (continued) Open business Sept. 7, 1998, listed as one of “Top 100 Web Sites and Search Engines” by PC Magazine, answering 10,000 search queries per day June 1999 secures $25M in financing from Sequoia Capital and Kleiner Perkins, answering 3M search queries per day Start signing up corporate clients to use Google’s search technology on their own sites June 2000 announce partnership deal with Yahoo!, answering 100M search queries per day by start of 2001 May 2002 AOL chooses Google to provide both search and advertising to its 34 million members (provides roughly 15% of revenue 2002-2004) March 2003 have over 100,000 active advertisers
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4 IPO Process October 2003 news media reports Google considering IPO in 2004
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mini_case_google_fin521_2011 - Web Images Groups News...

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