Monday, October 02, 2006
Google Buys Garage Where It Was Born
The garage where Larry Page and Sergey Brin started up Google eight years has just been bought. They spent about five months working there. The article goes on to say:
When Page and Brin first moved in the garage, Google had just been incorporated with a bankroll of $1 million raised from a handful of investors. Today, Google has about $10 billion in cash and a market value of $125 billion.Very nice, $1 million to $125 BILLION in 8 years. In comparison,
HP paid $1.7 million for 12-by-18-foot garage that co-founder William Hewlett first rented for $45 per month.
Google declined to reveal how much it paid for its original home, but similar houses in the same neighborhood have been selling in the $1.1 million to $1.3 million range. That's a small fraction of the $319 million that Google paid earlier this year for its current 1-million-square-foot headquarters located six miles to the south.