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Sergey Brin Billionaire And Co-Founder Of Google

Wednesday, August 09,2017
Published by Jackson Mathebula
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Sergey Brin is the President of Google's parent company Alphabet Inc and  the 12th richest person in the world, with an estimated net worth of US$45 billion.


Brin immigrated to the United States with his family from the Soviet Union at the age of 6. He earned his bachelor's degree at the University of Maryland, following in his father's and grandfather's footsteps by studying mathematics, as well as computer science. After graduation, he enrolled in Stanford University to acquire a PhD in computer science. There he met Page, with whom he later became friends. They crammed their dormitory room with inexpensive computers and applied Brin's data mining system to build a web search engine. The program became popular at Stanford, and they suspended their PhD studies to start up Google in a rented garage.
 
 During an orientation for new students at Stanford, he met Larry Page. They seemed to disagree on most subjects. But after spending time together, they "became intellectual soul-mates and close friends". Brin's focus was on developing data mining systems while Page's was in extending "the concept of inferring the importance of a research paper from its citations in other papers". Together, the pair authored a paper titled "The Anatomy of a Large-Scale Hypertextual Web Search Engine".

To convert the backlink data gathered by BackRub's web crawler into a measure of importance for a given web page, Brin and Page developed the PageRank algorithm, and realized that it could be used to build a search engine far superior to existing ones.The new algorithm relied on a new kind of technology that analyzed the relevance of the backlinks that connected one Web page to another.
Page and Sergey Brin Combining their ideas, the pair began utilizing Page's dormitory room as a machine laboratory, and extracted spare parts from inexpensive computers to create a device that they used to connect the nascent search engine with Stanford's broadband campus network. After filling Page's room with equipment, they then converted Brin's dorm room into an office and programming center, where they tested their new search engine designs on the Web. The rapid growth of their project caused Stanford's computing infrastructure to experience problems.

Page and Brin used the former's basic HTML programming skills to set up a simple search page for users, as they did not have a web page developer to create anything visually elaborate. They also began using any computer part they could find to assemble the necessary computing power to handle searches by multiple users. As their search engine grew in popularity among Stanford users, it required additional servers to process the queries. In August 1996, the initial version of Google, still on the Stanford University website, was made available to Internet users

 

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.

While conventional search engines ranked results by counting how many times the search terms appeared on the page, the two theorized about a better system that analyzed the relationships among websites.They called this new technology PageRank; it determined a website's relevance by the number of pages, and the importance of those pages that linked back to the original site.

Page and Brin originally nicknamed their new search engine "BackRub", because the system checked backlinks to estimate the importance of a site. Eventually, they changed the name to Google; the name of the search engine originated from a misspelling of the word "googol", the number 1 followed by 100 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.

The domain name for Google was registered on September 15, 1997, and the company was incorporated on September 4, 1998. It was based in the garage of a friend (Susan Wojcicki) in Menlo Park, California. Craig Silverstein, a fellow PhD student at Stanford, was hired as the first employee.
Financing, 1998 and initial public offering, 2004
Google's first servers, showing lots of exposed wiring and circuit boards
Google's first production server.

Google was initially funded by an August 1998 contribution of $100,000 from Andy Bechtolsheim, co-founder of Sun Microsystems; the money was given before Google was incorporated. Google received money from three other angel investors in 1998: Amazon.com founder Jeff Bezos, Stanford University computer science professor David Cheriton, and entrepreneur Ram Shriram.

After some additional, small investments through the end of 1998 to early 1999, a new $25 million round of funding was announced on June 7, 1999, with major investors including the venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital.

Early in 1999, Brin and Page decided they wanted to sell Google to Excite. They went to Excite CEO George Bell and offered to sell it to him for $1 million. He rejected the offer. Vinod Khosla, one of Excite's venture capitalists, talked the duo down to $750,000, but Bell still rejected it.

Google's initial public offering (IPO) took place five years later, on August 19, 2004. At that time Larry Page, Sergey Brin, and Eric Schmidt agreed to work together at Google for 20 years, until the year 2024.

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