Google's IPO announcement comes when the company is at the top of its game, having come out of nowhere to trounce one-time search leader Yahoo with a simple, stripped-down service that beat nearly everyone in delivering relevant search results. Moreover, Omid Kordestani, a senior vice president, took home $20.4 million when he sold shares into the initial public offering, according to the report. The two raised $1 million in funding from angel investors, including $100,000 from Andy Bechtolsheim, one of the founders of Sun Microsystems, and they were egged on by Stanford University alum and Yahoo co-founder David Filo. In February 1999, Google again relocated to another office in the neighboring city of Palo Alto. Joe Rich, executive vice president of Clark Consulting, said Google employees will own about $5 billion in stock, or an average of $2.2 million each, excluding the big share held by the company's top five executives. Andy Bechtolsheim : biography September 30, 1955 – Bechtolsheim founded Kealia in early 2001 with Stanford Professor David Cheriton, who was also a partner in Granite Systems, to work on advanced server technologies using the Opteron processor from Advanced Micro Devices. 2001: Google buys Deja.com’s Usenet Discussion Service as its first public acquisition. Should Google shares hold even half their value, employees with shares will become very wealthy, very fast, Coleman said. In June 1999, Google raised $25 million from Sequoia Capital and Kleiner Perkins--which has also invested in Sun, Amazon and Yahoo. Complete coverage The company also moves out from the university dorm room to a garage in Silicon Valley. The two collaborated in 1996 on a search engine called BackRub, Google's precursor, which gained notoriety on campus for its ability to analyze the "back links" pointing to a given Web site. "It's a good time for them to go public. The word Google is basically a play on the word Googol – a mathematical term for 1 followed by 100 zeros. "As a private company, we have concentrated on the long term, and this has served us well. As competitors gird for the search battle, Google is setting its sights on new horizons that could expand its empire into new territories. ↑ "Von Bechtolsheim: I invested in Google to solve my own problem". He still owns a stake worth $388.5 million. The Google search engine processes more than 40,000 search queries every second which means 3.5 billion searches per day and typically 1.2 trillion searches per year. 2015: Google announces reorganizing as a holding company called – Alphabet. This site uses Akismet to reduce spam. As of March 31, Google employed 1,907 employees, more than sixfold the number three years ago. Google undoubtedly has evolved a lot to become what it is today. Priya an ambivert by nature, believes in giving shape to her ideas through her write ups. Joining the board were John Hennessy, president of Stanford; Art Levinson, CEO of Genentech; and Paul Otellini, president and chief operating officer of Intel. Omid Kordestani, senior vice president of worldwide sales, makes $175,000 annually, with nearly $400,000 in bonuses. Google is sitting on a sizable war chest of $454.9 million in Regardless of where the company winds up, it has already made its mark as a fearless defier of convention--a reputation the founders vowed to maintain, even after their IPO.

This included launch of Gmail service. Click an entity to go directly to the entity box. 2011: Google launches Google +1. He still holds a stake worth about $1.2 billion. From 2005, Google kept launching new strings of services – Google Maps and Google Analytics; Google Calendar and Google Translate in 2006; its mobile operating system Android in 2007 and Google Chrome – its web browser in 2008. 2006: Google gets launched in China. Bechtolsheim reportedly wrote the check to "Google Inc" prior to the company even being founded. NEW YORK (CBS.MW) -- While the overall stock market has been in rally mode in the first few days of 2003, initial public offerings are slow to get started.
It's also experimented with tools for personalization, grid computing and searching on mobile phones. Bechtolsheim… Despite the existence of various products, its search tool remains the core and the most powerful service of Google. Chromecast is also launched this year. Also disclosed in Thursday's filings are previously confidential salaries of top executives. In February 2004, Sun Microsystems announced it was acquiring Kealia in a stock swap. Page and Brin moved into the garage in September 1998, a month after they received a $100,000 investment from Sun Microsystems co-founder Andy Bechtolsheim. Other early customers included Amazon.com, Netscape, Virgilio and Virgin.net. Soon, Google started growing popular as a search engine.
https://en.wikipedia.org/wiki/Google https://en.wikipedia.org/wiki/History_of_Google https://www.google.com/about/our-story/. Andreas Maria Maximilian Freiherr von Mauchenheim genannt Bechtolsheim (born 30 September 1955), known as Andy Bechtolsheim, is a German electrical engineer, entrepreneur, investor, and self-made billionaire. Initially, the engine ran on Stanford servers, but gradually started clogging up much space and as a result was later registered as Google.com on September 15th, 1997. Even the word Google got added in the lexicon as a verb which means to search something on the world wide web.

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