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Google, John Doerr and Segway

the best venture investment ever made?

   
6:57 pm on May 4, 2004 (gmt 0)

WebmasterWorld Senior Member shak is a WebmasterWorld Top Contributor of All Time 10+ Year Member



It saves Doerr because he once pledged that his other investment, into the Segway scooter, would be the fastest company to reach $1 billion in sales. These days, that's looking less likely. With Google, it's easier to forget that episode.

[siliconvalley.com...]

an interesting article

Shak

8:52 pm on May 4, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



>> It saves Doerr because he once pledged that his other investment, into the Segway scooter, would be the fastest company to reach $1 billion in sales.

Lesson for Doerr: Dont ever underestimate the diffculty involed in changing people's behaviour ...

The biggest winner in this deal after the founders and Schmidt is Ram Shriram - WOW , a mere 300k investment in 1998 is 600 million now ...

3:48 am on May 5, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



>> First, Google is, by many accounts, the fastest company to have reached $1 billion in sales ever

Until now i thought Cisco is the one with this record. hmmm ...

9:31 am on May 5, 2004 (gmt 0)

10+ Year Member



1 billion in Sales mean , adwords accounts , froogle etc. .. or is the revenue generated from advertisements?

gopi can u clarify that :)

Aravind.

3:35 pm on May 5, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Total Revenue including advertisement , licensing fees and hardware sales (google in a box) even though advertisement (adwords +adsense) constitute more than 90% of the total according to the SEC filing
6:34 am on May 25, 2004 (gmt 0)

10+ Year Member



I've seen presentations by Siebel and BEA Systems which claim the 1 billion record too. :)