How Google Started, Grew and Became a $279 Billion Company

How Google Started, Grew and Became a $279 Billion Company


How Google Started, Grew and Became a $279
Billion Company The Google Company came about in 1998 and
was founded by Larry Page and Sergey Brin in order to market Google Search, the world’s
most used search engine based on the web. The American multinational company’s specialty
encompasses all internet related services such as online advertising, cloud computing,
hardware, and software and is one of the world’s largest media companies with various subsidiary
products such as the Google news, Google map, Gmail, Google Chrome and Google Plus. The Humble Beginning Google started in 1998 as a project researched
by Larry Page and Sergey Brin. Page as they considered the exploration of
the properties of the World Wide Web. Larry’s supervisor, Terry Winn Grad encouraged
him to pick this idea. Larry later recalled Terry’s advice as the
best advice he ever got. He focused on the problem of finding out which
Web pages linked to a given page and nicknamed his research project “BackRub.” Larry was later joined by Sergey who was supported
by a National Science Foundation Graduate Fellowship. Both of them had first met in the summer of
1995 when Larry was part of the new students that Sergey had volunteered to show around
campus. Larry and Sergey both worked on the Stanford
Digital Library Project (SDLP) funded by the National Science Foundation whose goal was
to develop enabling technologies for a single integrated universal digital library. Although Larry and Sergey disagreed on nearly
everything during their first meeting, by the following year, 1996 they struck up a
partnership. They got to work in their dormitory where
Larry explored the Web with his Web crawler starting from his Stanford home page. They started by building a search engine to
determine the importance of individual pages on the World Wide Web using links. They both developed an algorithm after they
realized that a search engine based on page rank would produce better results. They both tested their thesis as part of their
studies and laid the foundation of the search engine after which they changed the search
engine name from Backrub to Google. The first version of Google was released in
August 1996 on the Stanford website and in the next few years, it caught the attention
of many across the world beyond the academic community. By September 1997, the domain name for Google
was registered. In 1998, the co-founder of Sun Microsystems,
Andy Bechtolsheim wrote Larry and Sergey a cheque of $100,000 right before Google Inc.
came into existence. Three other angel investors; Jeff Bezos, Amazon.com
founder, David Cheriton, a Stanford University computer science professor, and Ram Shriram
also provided capital to support the budding Google company. These investments pushed the newly incorporated
team to upgrade from their dormitory to their first office, a garage in suburban Malo Park
located in California. A clunky desktop computer, a table, and a
bright blue carpet were the only things that could be seen in their office during the early
days. The Attempt to Sell Google In 1999, Larry and Sergey made the decision
to sell Google to Excite, an internet portal that provided a variety of content including
but not limited to news, weather, and a Metasearch engine collated from over a hundred sources
for a price of $1 million. The Excite CEO George Bell rejected the offer
despite one of his venture capitalists, Vinod Khosla talking the duo down to $750,000. How Google Grew By 2003, Google took another step forward
and moved from the garage to the current headquarters at 1600 Amphitheatre Parkway in Mountain View,
California which came to be called the Googleplex. The building was leased from Silicon Graphics. In February of the same year, Pyra Labs, a
company that created blogger service was acquired by Google. This acquisition gave the company the opportunity
to use information from blog posting to improve speed and relevance of articles in search
engines. In August 2004, Google went public and offered
19,605,052 shares at $85 per share. It even sold shares using an online auction
format and the resulting sale of $1.67 billion gave the company a market capitalization of
at least $23 billion. Google expanded rapidly as it hired more engineers
and built a sales team. One of the software engineers that joined
the team in 2004 was Eric Schmidt who agreed to work at Google for 20 years until 2024
and who would go on to be an Executive Chairman at Google in later years. In January 2005, Google was valued at nearly
$52 billion making it one of the world’s biggest media companies by stock market value. In a bid to motivate its engineers in 2005,
Google launched a policy called Innovation Time Off. This policy urged the engineers to make use
of 20% of their work time on research projects that interested them. Marissa Mayer, the Google Vice-President of
Search Products and User Experience until July 2012 showed in a talk at Stanford University
that half of the all the new Google service products launched toward the end of 2005 such
as Gmail, Google News, Orkut, and AdSense emerged from this policy. In September 2005, Google announced a long-term
partnership with the National Aeronautics and Space Administration (NASA) which would
involve Google in the establishment of an R&D center at NASA’s American research center
for large-scale data management which would include lab offices and housing for engineers. Google also formed a partnership with Sun
Microsystems in October 2006 to help share and distribute each other in technologies. Part of the partnership involved Google hiring
employees to help in the open source office program. As a result, Google increased in size so much
that it became a competition against other large technology companies one of which was
Microsoft. In 2006, the leased Googleplex building was
finally bought from Silicon Graphics at $319 million by which time the name “Google”
had become an everyday word and it was added to the Merriam-Webster Collegiate Dictionary
and the Oxford English Dictionary as a verb defined as “to use the Google search engine
to obtain information on the Internet.” The TV series Buffy the Vampire Slayer was
the first to use the term “Google” as a verb in 2002. In March 2006, Google was added to the Standard
and Poor’s 500 Index as a replacement of Burlington Resources, an oil company. A day after the announcement Google’s share
price rose by more than 7% and from 2007 universal search provided all types of content in search
results. Google experimented with markets such as radio
print publications. In January 2008 Google announced its purchase
of the radio advertising company, dmarc which provided a system that allowed companies to
advertise on radio. Google’s Eyes on Video and A.I Google bought the 18-month-old YouTube video
sharing platform for $1.65B billion in 2006. This acquisition eventually phased out Google
Video. In January 2010 Google began investing in
an X lab devoted to technology such as internet-linked glasses, self-driving cars and using high
altitude balloons to provide internet service in remote locations. Some of these developments evolved into companies
such as the Waymo self-driving car unit. Google is now a major player in artificial
intelligence with rivals including Amazon, Apple, and Microsoft. Google Falls in Social The Google Plus launched in June 2011 proved
to be a useful innovation as it was able to compete with Facebook as a social networking
platform but Google plus wasn’t able to win the war as Google announced it absolute
closure in 2018. By 2015, Google underwent a corporate reorganizing
that led to the creation of Alphabet Inc. the multinational conglomerate that became
the parent company of Google and many former Google subsidiaries. Larry became the new CEO while Sergey became
the president. Google Today Today, Google has over 60,000 employees across
50 countries and has become the most widely used web-based search engine with over 3.5
billion searches per day and a net worth of more than $279 billion. Thank you very much for watching our videos. We’ll like to give you another interesting
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