Project: The Story of Jeff Bezos' $250,000 Investment into Google in 1998

Growthink Blog

After my column a few months ago regarding Jeff Bezos' now famous (and incredibly profitable) investment into Google in 1998, I was deluged with comments and opinions on this question - was his investment luck or was it foresight? The backdrop again: In 1998 when Larry Page’s and Sergey Brin’s Google offices were a Menlo Park, California garage - Bezos invested $250,000 of personal funds into the fledgling search engine. Remember this was 1998 not 1994.

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I went to London and all I used was this stupid phone from 1998

Jeff Hilimire

I was in London over the weekend with my wife celebrating our 10 year anniversary.

McKinsey highlight #1 - Cracking The Code - Yes

Cracking the Code

Paris, November 1998. Cracking The Code. Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Saturday, December 09, 2006. McKinsey highlight #1: the art of cost cutting or how to save 70m with a measuring spoon.

Why digital tools you use in your personal life should be on your CV

The Next Web

I entered the workforce in 1998 during the midst of the dotcom bubble. To stay relevant in a highly competitive and unpredictable market, I found myself constantly updating my resume with software proficiencies I thought companies would find desirable.

Yuri Milner Allocates $150 Million in ICQ Ventures to Invest in Israeli Startups

VC Cafe

The poster-child of Israeli startups which was sold to AOL in 1998 for $287 million (ancient link!) Remember ICQ? and later on to DST for $187 million in 2010, Yuri Milner's holding corp, is now. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]. DST ICQ Ventures Yuri Milner Mor Yegerman

Can You Launch A Product With No Webinars, No Videos, No Multimedia And Still Succeed? by Yaro Starak

For a good eight years from 1998 to 2006 all my online business projects were text based, with some images thrown. In the last decade the world of internet marketing, like the internet itself, has become dominated by multimedia. It’s a different world to how I first started out online.

If it aint broke, improve it

deal architect

Doug Belden invited me for a visit after he read my recent blog about innovation at the Hillsborough County Tax Collector’s office he has presided over since 1998. It is a candidate this year for the prestigious Malcolm Balridge award.


Age of companies when they achieve $1bn valuations

The Equity Kicker

The fact that the trend has been going for some time – Google was founded in 1998 and Tesla and Facebook in 2003 and 2004 respectively – suggests that the bubble explanation can’t be the whole story.

Facebook Helps Me Be Proud of My Dad In The Morning

Feld Thoughts

I remember the 1998 Orlando meeting and talking to him about it. Facebook can be a magical thing. I’m often frustrated about how to engage with it (I’m more of a Twitter person) but every now and then something happens that reminds me how awesome Facebook can be.

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Rackspace Lays Off 6 Percent of its U.S. Workers


Founded in 1998, Rackspace is one of San Antonio’s largest technology companies with about 5,000 employees worldwide. Three months after its $4.3 billion acquisition by Apollo Global, Rackspace Tuesday announced it is cutting 6 percent of its U.S. workers. It has about 3,700 employees based at its headquarters at the former Windsor Park Mall in […] The post Rackspace Lays Off 6 Percent of its U.S. Workers appeared first on SiliconHills. Austin San Antonio

Hope Is The Consequence of Action

Feld Thoughts

David mentioned a quote that he attributed to Cornel West and Roberto Unger from their 1998 book titled The Future of American Progressivism. Last night Amy and I hosted an event at our house for the ACLU and Earthjustice , two organizations we are significant supporters of.

Austin-based Silicon Labs Buys Telegesis of the U.K. for $20 million


Telegesis, founded in 1998 in High Wycombe, England, outside of London, uses Silicon Labs’ ZigBee technology in its smart meters, USB adapters and other products.

The All You Can Eat 24-Hour Buffet: SXSW Interactive Kicks off


In 1998, the conference, then called SXSW Multimedia had a hard time gaining traction and took a backseat to the music and film conferences, said Hugh Forrest, executive director of SXSW Interactive. BY LAURA LOREK Reporter with Silicon Hills News South by Southwest Interactive didn’t always get a lot of respect.

Solar Winds and Rackspace on Forbes’ Fastest Growing Tech Companies List


Rackspace Hosting, founded in 1998 and based in San Antonio, snagged the 19th spot on the list. Solar Winds, founded in 1999 and based in Austin, ranks 11th on Forbes’ List of the Top 25 Fastest Growing Technology Companies. Solar Winds, which makes information technology management tools, has 628 employees and $282 million in revenue, [.] The post Solar Winds and Rackspace on Forbes’ Fastest Growing Tech Companies List appeared first on SiliconHills. Austin

Appddiction Studio Creates An Anti-Bullying App


Porter, who retired from the army as a sergeant first class in 1998, lost all the fingers on his left hand and all [.] BY RANDY LANKFORD Reporter with Silicon Hills News If Tim Porter didn’t let a bomb blowing up in his hands stop him, he’s certainly not going to back down from a bully. The post Appddiction Studio Creates An Anti-Bullying App appeared first on SiliconHills. Austin Technology

Why Pioneers Have Arrows In Their Backs

Steve Blank

The irony is that in a retrospective paper ten years later (1998), [ 2 ] the authors backed off from their claims. In 1998 , a small startup (later Overture, now part of Yahoo ! ), created the pay per click search engine and advertising system and demo’d it at the TED conference.

Entrepreneurs Unplugged with Andre Durand

Feld Thoughts

Durand was founder and CEO of Durand Communications, a bulletin board software provider (acquired by Webb Interactive in 1998). Once again I’m moderating the Entrepreneurs Unplugged series hosted by Silicon Flatirons. Our first interviewee – this coming Monday night – is Andre Durand, the founder and CEO of Ping Identity. Andre Durand brings 18 years of software industry executive leadership experience to his role as founder and CEO at Ping Identity.

Why India Will Become The SaaS Hotbed Of Tomorrow


percent in 1998 to 7.7 by Prasanna Krishnamoorthy , partner at Upekkha. Just as Information Technology (IT) services transformed India in the 1990s, Software as a Service (SaaS) will dramatically shift the nation in the 2020s.

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Who Makes the Money on an Inevitable Shoe Dropping?


And in January I saw that digital music overtook physical media for the first time in 2011, something I expected since 1998. I bought the Diamond Rio mp3 player in 1998. Last weekend I caught Mashable announcing that Ebook Sales Surpass Hardcover in the U.S.

Book: Flash Boys: A Wall Street Revolt

Feld Thoughts

In 1998, when I started ending up with lots of shares in public Internet companies, I came up with a formulaic approach for any public equities that are distributed to me (either from our funds or other VC funds). And, for the last category (the shares I own personally), I still use the long-term formulaic approach I came up with in 1998. A cliche I’ve heard many times is “Wall Street Always Wins.”

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The Profound Connection Between Poverty And Burn Injuries


I began my volunteer work on the burn unit in early 1998 and within months of my volunteering I co-founded Moonlight Fund, a nonprofit for burn survivors.

What is the biggest enemy of a startup?

K9 Ventures

In 1998–1999, when I was running my first company, one of my investors, the late Don Jones , came by to visit us at the office. Don was totally a people person and just an all around great person to talk to. In fact, I can hear the intonation of his voice in my head as I type this. Our company was at a stage where we were recruiting, building product, and trying to find product market fit.

ProductionHUB Helps You Search For Media Production Professionals


Developed in 1998, this vertical B2B and entertainment industry portal has grown to become the world’s largest and most active production community search site and as well as a fast growing freelance network of film, television, video, digital media and live event professionals.

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The rise of the “successful” unsustainable company

A Smart Bear: Startups and Marketing for Geeks

” Here’s the summary of his track record (excerpted from the Fast Company article): Forefront — IPO’ed in 1995 by CBT — CBT stock fell 85% in 1998 and prompted class-action lawsuits.

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Top 3 Web Hosting Services For Your Startup


With an adorably cute mascot and witty advertisement and marketing, the company has been keeping simple and straightforward since 1998. As a startup, you normally do not have the luxury of a big, fat budget like the mega-corporations.

Survival Checklist For New Solopreneurs


Serial entrepreneur Donovan Janus started his first company NTN Publishing in 1998, and started Exposure Manager in 2004. by Donovan Janus, founder of 17hats. The hard part is over!

Prevailing Wisdom

Mucker Lab

1998 – “There is no room for personal productivity software startups – Microsoft will eat your lunch when you get big enough and Symantec will take the crumbs”. 1994 – “Consumers are fickle and unpredictable.

Software startups: Beware ‘magic’ bullets

The Equity Kicker

The term ‘pre-chasm’ is a nod to Geoffrey Moore’s 1998 classic Crossing the Chasm and refers to companies that may have sold to early adopters, but haven’t yet found a way to sell to the mainstream. I just read ‘Need More Time’? Guideposts For Tech Founders Going To Market When No Market Exists which is full of great tips for what they call ‘pre-chasm’ enterprise startups.

7 Rules For Better Data Protection Compliance


In a world where corporations and businesses are trusted with people’s data, better data compliance is a must. Check out these tips to improve it in your business: 1. Consent. Gain consent before you acquire, use, or hold any personal data wherever possible.

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Stockn’Go – How Low Can Prices Go?


Stockn’Go is co-founded by Adam Berkowitz in 2010, who first started his entrepreneurial stint by founding an interactive design and marketing agency in late 1998 called ID Society with fellow Stockn’Go Jonathan Webb.

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Four Key Tips To Successfully Grow Your Business


Prior to his role at StockPKG, Sean successfully started Desert Plastics in 1998 and turned it into a multimillion dollar company before selling it in 2004. by Sean Rudner, small business expert, creative entrepreneur and owner of the ultimate business resource StockPKG.

I Just Did A Launch With No Webinars, No Videos, No Multimedia. Here’s What Happened… by Yaro Starak

For a good eight years from 1998 to 2006 all my online business projects were text based, with some images thrown. In the last decade the world of internet marketing, like the internet itself, has become dominated by multimedia. It’s a different world to how I first started out online. The post I Just Did A Launch With No Webinars, No Videos, No Multimedia. Here’s What Happened… appeared first on

Book: No Better Time

Feld Thoughts

They entered, but didn’t win, the MIT $50K competition in 1998. I’ve been reading a lot lately. On an almost daily basis, someone out in the world sends me a physical book, which I love. While I have something like 500 unread books on my Kindle, I still love laying on the couch reading a physical book. So the stacks of books that show up keep me company and I chomp through them whenever I need a break from everything else.

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4 Reasons For Creating Your Brand Online On Your Own Land


I bought in 1998. Marketing leader Michael Hyatt posted a very critical post last year- here. The reason I got reminded of it, was a conversation with a brand owner about the great impact he had created for this brand on earned media.

Why SWOT Analysis Belongs in Your Business Plan

Up and Running

It was also in a SWOT session that we realized we needed to make our product downloadable on the web (back in 1998, when we were among the first). Why add a SWOT analysis into your business plan and the strategic planning process?

How The 5G Revolution Emerged And How It Will Give Business A Boost


The introduction of 3G in between 1998 and 2003 brought 200 Kbps speeds, four times faster than 3G. As a tariff war between the U.S. and China threatens to escalate, 5G wireless technology has emerged as one of the major fronts in the long-term competition between the two superpowers. The U.S.

What Are The Best Markets For Startups?


Following 1998, the economy was completely restructured. When it comes down to startups, as well as emerging businesses, they have to make efforts to succeed in getting where they want. Can newly-established businesses make a real impact? As a matter of fact, yes.

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[Singapore] Westin Returns, Sets Up In Central Business District


Amazon’s low price strategy

The Equity Kicker

I just read the following story about how their low price ethos played out when they entered the DVD market in 1998. We had planned to match their 30% discount, and now we were being out-priced by the market leader on our first day of operation, and just before the heart of the holiday sales season to boot (it was November, 1998). Amazon has long pursued a strategy of winning by pricing low.

Silicon Valley Is Still Best Place to Build a Startup But…

Hunter Walker

When I got out to Stanford in 1998 it was still the dawn of the consumer commercial internet. I’m an unabashedly pro-Silicon Valley homer. 12 of Homebrew’s first 17 investments are based here (four in NYC and one in Salt Lake City), attended grad school at Stanford and coming up on Year 18 living in the Bay. Midway through my career, this is where I want to be and if I was just starting out, it would probably be the same story.

Evolution And Innovation Of Mobile Gaming


If you’re latter day Gen X or a Millennial you probably played it on your parents’ Nokia – it came preloaded on all the company’s phones after 1998. by Jessica Oaks. Remember Snake?

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How Startups Can Beat Seasonality


In 1998 Karkus invested in and consulted to the vaccine company ID Biomedical when it was valued at $25 million dollars and on the verge of bankruptcy. by Ted Karkus, CEO of Prophase Labs.

Prevailing Wisdom

Mucker Lab

1998 – “There is no room for personal productivity software startups – Microsoft will eat your lunch when you get big enough and Symantec will take the crumbs”. 1994 – “Consumers are fickle and unpredictable. Consumer products and services are hit driven, it’s really hard to build a scalable consumer company”. Internet). 1996 – “It’s impossible to get to build a billion dollar company selling widgets at $15 and taking $1 commission one at a time”. eBay).