Google Gets Backing From Heavy Hitters
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Upstart Internet search engine Google Inc. has attracted $25 million in venture-capital funding from two of Silicon Valley's most familiar names.
Sequoia Capital partner Michael Moritz and John Doerr of Kleiner Perkins Caufield & Byers are bringing in the $25 million to Google, according to a Wall Street Journal report. Both will also join the company's board of directors.
The two venture capital firms will receive combined equity of nearly 40 percent for their efforts.