Getting Into Google News
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They approached two VC companies, Sequoia and Kleiner Perkins. Both companies were impressed with the idea, and were ready to fund Google. However, because they did not want to give up control, the Google guys demanded that both companies invest jointly in Google.
One bright idea that led Google to its present day success was the idealism of its founders. During the heyday of the dot com companies, Sergey and Larry preferred to keep the company private as long as they possibly could because they wanted to build the best search engine; the money they could gain by making the company public was not so important.
I have decided on my web hosting, now look at payment systems. The customer would have to be redirected to a secure website, the data passed between my website and the shopping cart had to be minimal as this can be hijacked or changed. I looked at allot of cool Java and php based shopping carts but in the end, all still sent across code that could easily be changed by someone smart enough. PayPal and Google Sniper 2 Review Checkout are the main players, being in a Australia, Google Checkout was ruled out so I worked with PayPal.
Also, to retain control, they issued two classes of shares - Class A and Class B. Class A shares were for regular investors, carrying one vote each. Class B shares were for themselves, carrying ten votes each, and giving them absolute control.
They did not want to go public and raise money like many other companies did, for they had no intentions of letting their information go public, and they also wanted to have full control over the company. The only option, then, seemed to be to approach venture capitalists. The duo was convinced that they could get VC's to fund them, and at the same time continue to retain their control over the company.
They also had an environment that was very conducive to innovation, experimentation and ideation. Stanford is known for churning out several successful technology ventures, including HP and Sun (Sun stands for Stanford University Network). People in Stanford are firm in their belief that sometimes, making a business out of a technological innovation delivers a much greater effect than writing a paper on it.
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