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	<title>BoomTown &#187; computer science</title>
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		<title>New Yorker: Bezos' Initial Google Investment Was $250K in 1998 Because "I Just Fell in Love With Larry and Sergey"</title>
		<link>http://kara.allthingsd.com/20091005/new-yorker-bezos-initial-google-investment-was-250000-in-1998-because-i-just-fell-in-love-with-larry-and-sergey/</link>
		<comments>http://kara.allthingsd.com/20091005/new-yorker-bezos-initial-google-investment-was-250000-in-1998-because-i-just-fell-in-love-with-larry-and-sergey/#comments</comments>
		<pubDate>Tue, 06 Oct 2009 04:30:36 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=19130</guid>
		<description><![CDATA[Considering the ongoing skirmishes going on right now between Amazon and Google over digital book publishing, it's more than ironic that Amazon CEO and founder Jeff Bezos was one of only a few initial investors in the search giant.

But--in one of the many interesting details in New Yorker author Ken Auletta's new book, "Googled: The End Of The World As We Know It"--it was indeed Bezos who invested $250,000 in the start-up in 1998 at four cents a share.

Not that there's anything wrong with that!

There's a great excerpt in the New Yorker this week.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/10/images.jpeg"><img src="http://kara.allthingsd.com/files/2009/10/images.jpeg" alt="images" title="images" width="84" height="128" class="alignright size-full wp-image-19132" /></a></p>
<p>Considering the ongoing skirmishes going on right now between Amazon and Google over digital book publishing, it&#8217;s more than ironic that Amazon CEO and founder Jeff Bezos was one of only a few initial investors in the search giant.</p>
<p>But&#8211;in one of the many interesting details in New Yorker author Ken Auletta&#8217;s new book, &#8220;Googled: The End Of The World As We Know It&#8221;&#8211;it was indeed Bezos who invested $250,000 in the start-up in 1998 at four cents a share.</p>
<p>(Some previous reports have had it at six cents a share and at a $100,000 level.)</p>
<p>Three of the others, according to Auletta, all of whom ponied up the same amount, were Stanford University computer science professor David Cheriton, entrepreneur Ram Shriram and Sun Microsystems (JAVA) co-founder Andy Bechtolsheim.</p>
<p>Later, more angels invested in Google (GOOG), followed by the big $25 million venture round by Kleiner Perkins and Sequoia Capital in mid-1999.</p>
<p>While it was known back when Google went public  in 2004 that Bezos held about three million shares in the IPO (Auletta said it was precisely 3.3 million shares), the book has a lot of the details about the meeting between him and Google co-founders Larry Page and Sergey Brin in the Menlo Park, Calif., garage of current Google exec Susan Wojcicki. </p>
<p>He had been brought there, according to the book, by Shriram, who had sold his company, Junglee, to Amazon (AMZN) in 1998.</p>
<p>&#8220;I just fell in love with Larry and Sergey,&#8221; Bezos told Auletta in an interview&#8211;not that there&#8217;s anything wrong with that considering the flip-flop relationships of Silicon Valley.</p>
<p>He&#8217;d presumably be more in love&#8211;and less inclined to be fighting Google, first in search with A9 and now in online publishing&#8211;if he had held onto those shares.</p>
<p>That stock would be worth $1.6 billion today.</p>
<p>But a spokesman for Amazon declined to comment on what Bezos did with his Google stake, noting it was a personal investment.</p>
<p>Interestingly, Bezos is also an early investor in the current hotsy-totsy microblogging start-up, Twitter.</p>
<p><a href="http://kara.allthingsd.com/files/2009/10/41B7NrA03OL._SL500_AA240_.jpg"><img src="http://kara.allthingsd.com/files/2009/10/41B7NrA03OL._SL500_AA240_.jpg" alt="41B7NrA03OL._SL500_AA240_" title="41B7NrA03OL._SL500_AA240_" width="240" height="240" class="alignleft size-full wp-image-19131" /></a></p>
<p>A part of Auletta&#8217;s book, which is slated to come out Nov. 3, is in this week&#8217;s New Yorker in an excerpt called &#8220;Searching for Trouble.&#8221; It is, oddly, not available online.</p>
<p>In any case, the piece is mostly about the various ways Brin and Page dissed big media moguls, figuratively (destroying old media advertising business models) and literally (showing up at meetings sweaty and wearing skates and gym shorts).</p>
<p>Good thing they never did that to Bezos.</p>
<p><em>Please see <a href="http://allthingsd.com/about/kara-swisher/ethics/">this disclosure</a> related to me and Google.</em></p>
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		<title>Bartz to Be Named Yahoo CEO: Now What's Next?</title>
		<link>http://kara.allthingsd.com/20090113/bartz-to-be-yahoo-ceo-now-what-next/</link>
		<comments>http://kara.allthingsd.com/20090113/bartz-to-be-yahoo-ceo-now-what-next/#comments</comments>
		<pubDate>Tue, 13 Jan 2009 18:12:21 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=8447</guid>
		<description><![CDATA[It looks like Carol Bartz will be taking on the thankless role as new Yahoo CEO.

Sources close to the situation told BoomTown--which had first named the former Autodesk CEO the top pick for the top job at the troubled Internet company last week--that Bartz has been approved for the job by the Yahoo board and has accepted it.

The Wall Street Journal is also reporting the move.

But can the experienced tech exec turn Yahoo around?]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/01/carolbartz.jpg"><img src="http://kara.allthingsd.com/files/2009/01/carolbartz-227x300.jpg" alt="" title="carolbartz" width="227" height="300" class="alignright size-medium wp-image-8478" /></a></p>
<p>It looks like Carol Bartz will be taking on the thankless role as new Yahoo CEO.</p>
<p>Sources close to the situation told BoomTown&#8211;which had <a href="http://kara.allthingsd.com/20090107/new-prospect-for-yahoo-ceo-carol-bartz/">first named the former Autodesk CEO the top pick last week</a>&#8211;that Bartz (pictured here) has been approved for the job by the Yahoo board and has accepted it.</p>
<p>The <a href="http://online.wsj.com/article/SB123186912962877807.html?mod=testMod">Wall Street Journal is also reporting the move</a>.</p>
<p>The pick is one of the safest Yahoo (YHOO) could have made, which is typical for it, choosing an experienced and strong public company CEO, but one without a lot of experience in advertising or the Web 2.0 Internet.</p>
<p>Sources close to the CEO search said that the Sunnyvale, Calif.-based company&#8217;s headhunter, Heidrick &#038; Struggles, has told many that Yahoo would also be looking for a strong No. 2 with more Internet and product experience if a CEO with less online background was selected.</p>
<p>Candidates for that position are numerous.</p>
<p>That job is not likely to fall to its current incumbent, Yahoo President Sue Decker, although Bartz could choose to keep Decker, given her experience and depth of knowledge about Yahoo. </p>
<p>But it could be a little odd, too, if Decker stays, since she was also vying for the CEO job and was one of the top internal candidates.</p>
<p>But sources close to the Yahoo board said that many inside and outside the company would have reacted badly to a Decker appointment as CEO, given that she has been No. 2 to outgoing Yahoo CEO and Co-founder Jerry Yang.</p>
<p>The pair have presided over a decline in Yahoo&#8217;s business and an even deeper one of its stock.</p>
<p>Sources who have spoken to Decker said it is more likely she will leave the company, and had stayed this long out of loyalty to Yang.</p>
<p>Most controversially, some are concerned about Bartz&#8217;s possible closeness to Decker and Yang&#8211;Bartz serves on the Cisco (CSCO) board with Yang and the Intel (INTC) board with Decker&#8211;seeing the choice as an attempt by Yang to stay in power at Yahoo.</p>
<p>Yahoo&#8217;s board has also gotten a lot more rebuffs from outside execs than expected for the top spot, because of its major challenges. While rich in assets and online traffic, the company has suffered over the last year from a range of internal and external troubles.</p>
<p>In a <a href="http://kara.allthingsd.com/20090109/like-boomtown-said-bartz-is-tops-on-the-yahoo-ceo-short-list-heres-the-reaction/">reaction piece to the possibility of making Bartz the CEO</a> of Yahoo I posted last week, the reaction was mixed, with some lauding it as an important move to steady the long troubled company, while others called it problematic for the Yahoo leader not to have a deep Web background.</p>
<p>One thing is sure: Bartz does know tech, unlike former CEO Terry Semel, who hailed from Hollywood. And she also knows how to run a company like clockwork, unlike Yang, who&#8211;while inspirational&#8211;has had a rocky tenure and has been considered weak in execution.</p>
<p>With an <a href="http://mediamemo.allthingsd.com/20090113/first-up-for-carol-bartz-deliver-yahoos-miserable-q4-report-card/">upcoming fourth-quarter results report</a> on Jan. 27 likely to be a disaster, Bartz will have a lot on her plate, including working out a much expected search partnership with Microsoft (MSFT) and deciding what to do about the constipated deal to buy Time Warner (TWX) online unit AOL.</p>
<p>And, oh yes, fix Yahoo&#8217;s troubled graphical ad business and weak morale!</p>
<p><a href="http://digitaldaily.allthingsd.com/20090113/jerry-yang-is-out-premium-apparently-already-baked-into-yahoo-stock-price/">Early investor response to Bartz has been muted</a>, at best, despite her solid credentials. </p>
<p>Bartz, 60, is certainly an experienced and very well-regarded tech exec, with the talent to turn things around. She served as chairman, president and CEO for 14 years at the San Rafael, Calif.-based Autodesk, which makes computer-aided design software for engineers.</p>
<p>While there, Bartz presided over huge growth at Autodesk (ADSK), stepping down in April of 2006 to spend more time with her family, and has since served as its executive chairman.</p>
<p>She also put in stints at other big tech companies, including Sun Microsystems (JAVA), Digital Equipment Corporation and 3M (MMM).</p>
<p>According to her <a href="http://usa.autodesk.com/adsk/servlet/item?siteID=123112&#038;id=348263">resume on Autodesk&#8217;s Web site</a>, Bartz holds an honors degree in computer science from the University of Wisconsin.</p>
<p>Bartz is also on the boards of a blue chip list of tech companies and organizations, including Intel, Cisco Systems, NetApp (NTAP), and the Foundation for the National Medals of Science and Technology.</p>
<p>She is also exactly the kind of serious, seasoned public company CEO with tech experience whom <a href="http://kara.allthingsd.com/20081203/yahoo-board-casts-about-for-new-ceo-no-committee-six-criteria-and-aol-merger-ready/">Yahoo&#8217;s board has told investors and others it is looking for</a>, with skills to pull off mergers and think strategically.</p>
<p>But Bartz also was in charge of a more old-school kind of tech company and has less experience in the faster-moving Web environment that prevails now.</p>
<p>Although she toughed it out successfully, Bartz underwent difficult times during the Web 1.0 era, in fact, when investors were worried about Autodesk&#8217;s prospects in the online era.</p>
<p>Most critically, Bartz also has less advertising experience, which is Yahoo&#8217;s principal business.</p>
<p>In addition, Autodesk is half the size of Yahoo.</p>
<p>Nonetheless, she is well-liked in the tech community and has ties to key companies Yahoo must deal with, including Microsoft.</p>
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