a wise investment in Google
Filed in archive Venture Capital on November 24, 2004
Its always only that simple afterwards:
'Venture-capital firm Kleiner Perkins Caufield & Byers, which invested less than $15 million in Google in 1999, has handed out 5.4 million Google shares -- valued at $932 million at Tuesday's close -- to investors in one of its funds, according to people familiar with the matter.
Also, Google's co-founders and chief executive disclosed plans to sell a total of 16.6 million shares, valued at $2.8 billion, over the next 18 months. Two vice presidents reported selling a combined 55,000 shares, for roughly $9.5 million."
Correct me if my calculation is wrong but this makes a handy 99% yearly return rate. With such a "swing" of 15 million indeed a very good investment opportunity...
Also, Google's co-founders and chief executive disclosed plans to sell a total of 16.6 million shares, valued at $2.8 billion, over the next 18 months. Two vice presidents reported selling a combined 55,000 shares, for roughly $9.5 million."
Permalink: a wise investment in Google
Tags: kleiner perkins google investment wise wise+investment investment+google venture+capital
Vote for a wise investment in Google:
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Rating: 6.00 out of 2 vote(s) cast.
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Response from:
Seun Osewa
(11/25/04 10:37am)
Lucky investment maybe?
Response from:
Mario
(11/25/04 12:59pm)
Wise is probably more appropriate. See http://www.kpcb.com/keiretsu/current_list.php?view=name
for more information.
for more information.
Response from:
Seun Osewa
(02/03/05 12:08am)
But how would they have known that the Google search engine would be different from other search engines they could invest in?
Response from:
Wale Ketiku
(05/22/08 6:33am)
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google remains the only major pathfinder and determiner of the next generation internet dotcom industry. I expect nothing less than an a continued upsurge in shares prices of GOOG at least for the next couple of years to come. They simply have entered into all areas of internet investments, web2.0, blogs, email solution, search engine, ranking, marketing and so on, so why wont they remain market leaders. Yahoo! has refused to prove to be a strong competition
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