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The initial $100,000 check he wrote to the Google founders Sergey Brin and Larry Page is an investment now worth more than $1.5 billion. So $100k for 1%? That
by gyro_robo 19y ago
The initial $100,000 check he wrote to the Google founders Sergey Brin and Larry Page is an investment now worth more than $1.5 billion.
So $100k for 1%? That's 40x the YC rate. What kind of dilution are we talking about?
- pg 19y agoMaybe roughly 4-5x dilution. I'm not sure if Bechtolsheim was the very first funding they had. 2m would be a high valuation for a seed round.
- gyro_robo 19y agoLooks like it: http://www.google.com/corporate/history.html http://www.google.com/corporate/history.html Larry and Sergey's Charlie Rose interview is a bit unclear, because Larry talks about getting that check from a "David Sheridan" or "Sheraton", one of the "founders of Sun". I think he may have mixed up Andy with the Stanford faculty member at whose home they met. The only other occurrence I see of "David Sheraton" is here: http://transcripts.cnn.com/TRANSCRIPTS/0407/14/i_ins.01.html http://transcripts.cnn.com/TRANSCRIPTS/0407/14/i_ins.01.html Charlie Rose interview: http://video.google.com/videoplay?docid=6958201596441974119 http://video.google.com/videoplay?docid=6958201596441974119 (40 minutes in)
- pg 19y agoCheriton. He invested too.
- gyro_robo 19y agoThanks! I've wondered about that since I saw the interview. Looks like he got 1% also. "Cheriton is also credited for setting up Stanford students Sergey Brin and Larry Page with money men at Kleiner Perkins, thus becoming one of the early investors that helped get Google off the ground." (Wikipedia) Silicon Beat says, "He'd invested in Google as part of the angel round."