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Google is a public company, and I think the average Wall Street investor is even more 'short-term' than VCs. In fact, it should be a surprise that investors are
by shas3 12y ago
Google is a public company, and I think the average Wall Street investor is even more 'short-term' than VCs. In fact, it should be a surprise that investors are not questioning such spending. What insulates these moonshot projects from investor ire is that as an expense, they are only a very small part of the total revenue of Google.
- surfmike 12y agoI think the recent stock split and creation of non-voting shares is also to help insulate these moonshot projects.
- rattray 12y agoPage is shielded from such investors by a Board of Directors. Presumably they have a better understanding of Google's long-term vision. It's also worth keeping in mind that Google performs extremely well even viewed from short-term metrics.