Lawrence Edward Page, well known as a computer scientist, entrepreneur and founder of successful dot com business in history, Google search engine. Ditching the business culture, Larry Page and Sergey Brin committed to developing the company as per their own terms and flexibility.
Education & Family:
Born in 1973 Lansing, Michigan, Page followed the footsteps of their parents who were computer experts. His father, Carl Victor Page, was a professor of computer science and artificial intelligence in the University of Michigan while his mother taught computer programming. Carl Victor Page was a pioneer in the field of artificial intelligence and gave his son the first computer when he was just six years old. He accomplished his degree of computer engineering from Stanford University where he met his partner SegergyBrin.
Origin of Google & Income:
He undertook the project of analyzing patterns of linkage available on different sites of the World Wide Web. Larry Page wanted to learn a method of determining how one web page linked to another web page. Previously the existing facilities could only rank search engines through their frequency of appearance of given the word on a website. Page found out that ranking website as per the number of backlinks leading to it from other sites was a useful measure of a web document. Page and Brin understood the concept and devised a new type of search engine technology that helped Web users own ranking abilities by tracking each site backlinks.
Page and Brin yield about $1 million in outside financing from investors, family and friends. They called their expanded engine as BackRub, which was later changed to Google. By September 1998, the two founded Google Inc, and Page was CEO of it. During next year they received a massive capital funding of $25 million and the page satisfied about 500,000 queries per day.
In 2000, Google sold text-based advertisements associated with search keywords. With vast numbers of Internet startups, Google was growing explosively and grabbing a good profit. In 2001, Page backed off as CEO to become president of products. By 2004, the search engine was utilized among 200 million times a day. On August 24, 2004, Google Inc started its initial public offer, which pocketed Page with more than $3.8 billion. Many Google employees became millionaires overnight, while Larry Page and Sergey Brin were added to the list of multi-billionaires at the age of 27.
Role of YouTube:
Google expanded its company efforts and its services beyond Internet search engines and brought user-submitted streaming video, Youtube for about $1.65 billion in stock.
Before the Youtube earnings were almost negligible, but Google turned it into a profit centre. Following year Google acquired Double click, a software company, for about $3.1 billion that directs display advertising as per user based on their search behaviour. DoubleClick is revolutionizing online advertising deployed by Google to earn huge amounts of revenue through, cost per click, Adsense and others. Today 90 per cent of Google revenue is bagged from advertising.
Alphabet Inc.:
In 2011, Page returned to his duties of Google CEO and restructured a subsidiary company called Alphabet Inc. By 2013, Larry’s vocal cord had become paralyzed due to autoimmune disorder. In 2019, Larry Page stepped down of CEO of Alphabet and Google, while he still remains in board member and controlling shareholder.
Awards and accreditations:
- In 2002, he was named a World economic forum global leader for tomorrow.
- In 2003 with partner bran, received an honorary MBA from IE business school.
- In September 2013, he was ranked No. 13 on Forbes 400.
- In October 2013, he was ranked on 17 as “most powerful people” in Forbes.
- In 2011, he was 24th on Forbes for world billionaire and 11th richest in the United states.
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