Story of Google Inc (GOOGL)’s IPO and How It Became Indirect Launch Pad For Future Generations

Google Inc (NASDAQ:GOOGL) celebrates its tenth anniversary of going public today. The company’s extraordinary growth during the last decade could simply be gauged by the way its name has become synonymous with a web search. Robert Frank, CNBC’s wealth editor, remembered this monumental day by talking about the millionaires Google has created over the years and what they are doing now.

Google Inc (GOOG)

When Google Inc (NASDAQ:GOOGL) went public, about 900 of its employees became millionaires overnight. But the biggest winners were founders Larry Page and Sergey Brin, who were worth $3.8 billion each on the day of the IPO. Currently, their net worth is around $32 billion each! Google’s allure did not fizz out after the initial days but continued to make millionaires out of ordinary men. It has been estimated that technology giant has created around 2,000 millionaires over the last ten years.

One wonders where these Google Inc (NASDAQ:GOOGL) millionaires now are and what they are doing with all that cash. Frank spoke to several Google alumni to find out the answer and recognized a pattern amongst them.

“A lot of people stay in this company for a long time, even after they get rich. So, they have been able to retain these folks even after they could just cash out,” he explained.

Many of the Google’s former employees have also helped to launch many successful startups. “They are using their money to start or fund other companies. They are called Google Angels and there is this whole generation of them,” Frank said. These Google Inc (NASDAQ:GOOGL)’s ‘Angels’ have funded over hundreds of startups like Twitter Inc (NYSE:TWTR), Pinterest and the Climate Corporation to name a few. He also noted that this trend was fueled by the fact that most of these people were still young when they came into huge money and wanted to stay in the game instead of just retiring with a boat.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!