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The Initial Journey of Google

hemangmehtaPosted for Everyone to comment on, 5 years ago5 min read


Googleplex is the organization’s headquarters, and it is in located in Mountain View, California.

Google was started by Larry Page and Sergey Brin during a research project in 1996. Larry and Sergey were students of Ph.D. at Stanford University, California. At that time, the traditional search engine used to determine the preference of the search result on the web-page, while Larry and Sergey said that according to them, there would be a good search system that would analyze the interaction of webpages.
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Google founders Larry Page and Sergey Brin at the time of Google launch.
They gave the name of PageRank to this new technique. This technique is based on the estimation of the relevance and qualification of a website, count of webpages, and the reputation of those pages which link to the initial website. In 1996, Robin Lee of IDD Information Services created a small search engine called "Rankedx", which was working on the same technique. Lee developed a patent for Rankedx technology and this technique was applied to be founded his Baidu Company in China. Page and Brin initially named their search engine "backrub" because this search engine used to prioritize a site based on previous backlinks. Eventually, Page and Brin named their search engine as Google. Google is the misspelling of the English word "googol", which means - the number that is after one hundred zero. The name "google" indicates that the company's search engine is working to make information available to people in large amounts. In its early days, Google runs a domain called google.stanford.edu under the Stanford University website. His domain name for Google was registered on September 15, 1997. On September 4, 1998, it was incorporated into a privately-held company. The company's first office, the garage of Susan Wojciechi, was established in Menlo Park, California. Craig Silverstein and a fellow PhD student be the first employee of the company. Prior to Google's incorporation, Andy Bechtolsheim, co-founder of Sun Microsystems, gave Google a financial assistance of $ 1 million in August 1998.
Google in 1998!
When they were graduate students in early 1999, Brin and Page felt that they're spending a lot of time on this search engine and not paying attention to their study, that's why they decided to sell it and CEO of Excite Company, George Bell were proposed to buy for one million, he turned down the offer and later criticized Vinod Khosla for his decision. While Khosla had talked with Brin and Page about buying the company for $ 750,000. Then Khosla was the venture capitalist of the excite. On June 7, 1999, it was announced to put 250 million dollars in the company, this announcement was made on behalf of major investors including venture capital company Cleaner Perkins Cauffield and Byers and CaCoya Capitol. Google's initial public service (IPO) has started five years later since 19 August 2004. The company kept $ 1,800 per share for its 1,96,05,052 shares. A unique online auction format was used to sell shares. For this, a system created by Morgan Stanley and Credit Suisse, which was the insurer of this auction was used. Sales of $ 1.67 billion made Google market capitalized with more than $ 23 billion in the market. The vast majority of 2,710 million shares were in control of Google and quite a lot of Google employees became milliner soon. Yahoo! Yahoo!, Google's rival, also got a big advantage because at that time Yahoo! Had owned 84 million shares of Google.
Some people thought that this Google IPO would undoubtedly manipulate the company culture. There were many reasons for this, such as the pressure of the shareholders to cut profits on the company's employees, because it was a fact that many employees had become paper laborers quickly due to the huge benefits made to the company. In its account, co-founder Sergey Brin and Larry Page assured their potential investors in a report that there will be no spam changes in the company's working system from the IPO . In 2005, however, the articles appeared in The New York Times and other sources felt that Google was wandering from its "anti-corporate, no-evil" theory.

The logos of the Google products!
The company appointed the post of a Chief Culture Officer to maintain this specific system. The officer is also the human resources director. The purpose of the Chief Culture Officer is to develop and maintain the company's theory in the company. At the same time, it has to work on the topic from which the company has remained in a collaborative environment with its basic principles. Google has also faced allegations of gender discrimination and unfair treatment with its former employees. For the first time on October 31, 2007, the price of the shares was $ 700. The performance of the remaining shares after the IPO from heavy advertising and income from online advertising was also good in the market. The main reason for the increase in the price of shares was the individual investor, not only the major institutional investors and the mutual funds. Google is now listed on the Nasdaq Stock Exchange with the ticker symbol GOOG and the Ticker sign GGQ1 in the Frankfurt Share Market.

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