Monday, 23 November 2015

Google founders offered to sale company for $1 million and were rejected !!!


Google began in January 1996 as a research project by Larry Page and Sergey Brin when they were both PhD students at Stanford University in Stanford, California.

They originally nicknamed their new search engine "BackRub", because the system checked backlinks to estimate the importance of a website. 


Eventually, they changed the name to Google, originating from a misspelling of the word "googol", the number one followed by one hundred zeros, which was picked to signify that the search engine was intended to provide large quantities of information.

Originally, Google ran under Stanford University's website, with the domains google.stanford.edu and z.stanford.edu.

 Early in 1999, while graduate students, Brin and Page decided that the search engine they had developed was taking up too much time and distracting their academic pursuits. They went to Excite CEO George Bell and offered to sell it to him for $1 million. 

He rejected the offer and later criticized Vinod Khosla, one of Excite's venture capitalists, after he negotiated Brin and Page down to $750,000. I guess he's biting his fingers now.


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