Remove 2000 Remove IP Remove Revenue Remove Syndication
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Time is the Enemy of All Deals

Both Sides of the Table

We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. We moved into the legal process and final due diligence in January and February of 2000. Our final closure was the first week of March 2000. We ended up agreeing a term sheet for $16.5

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Behind Every Great Product

SVPG

To be specific, AdWords is currently 16 years old, and last year alone it generated well over $50B in revenue. The year was 2000, and the hardest part about the AdWords project was simply getting agreement that they could work on it. Legal wasn't used to distribution via IP enabled devices.

Product 60