Larry Page

Larry Page is an internet entrepreneur and computer scientist. He was born on March 26, 1973 in East Lansing, Michigan. Larry Page is one of the co-founders of the search engine, Google and is currently serving as its Chief Executive Officer. Page’s full name is Lawrence Edward Page. . With his parents guidance from the beginning Page was destined to be successful in the IT industry in one way or another. He is still alive today and currently living in America.

Larry Page attended a Montessori school in the primary grades and later graduated from East Lansing High School. He was an honors student at the University of Michigan, where he also participated in the University’s solar car team, reflecting another lifelong interest: sustainable transportation technology. After graduating with a B.S. in computer engineering, he pursued graduate studies in computer science at Stanford University in Palo Alto, California. It was here that he first undertook the project of analyzing patterns of linkage among different sites on the World Wide Web. It was also at Stanford that he first met fellow computer science graduate student Sergey Brin and recruited him to join his research project.

He teamed up with Sergey Brin to launch a little search engine called Google in 1998.Together, they developed a search engine that listed results according to the popularity of the pages. Google was conceived while he was trying to find a dissertation theme, and exploring the mathematical properties of the World Wide Web. A supervisor, encouraged him toe pursue the idea. Sergey Brin soon became interested in the research and joined him.

Larry Page’s parents were both computer experts. His father Carl Vincent Page was a computer science professor at University of Michigan, and his mother Gloria Page also taught Computer programming at the same place.

His first interaction with computers began at the age of six when he started playing with the computer stuff lying all around him. At a very early age, he realized that he was eventually going to start a company.

Page and Brin created a search engine that listed results according to the popularity of the pages, after concluding that the most popular result would often be the most useful. They called the search engine Google after the mathematical term “Googol,” which is a 1 followed by 100 zeros, to reflect their mission to organize the immense amount of information available on the Web.

A search engines is a program that searches the Internet and finds webpages for the user based on the keywords that you submit. There are several parts to a search engine such as:

search engine software including: boolean operators, search fields, display format, etc.

After raising $1 million from family, friends and other investors, the pair launched the company in 1998. Google has since become the world’s most popular search engine, receiving more than 200 million queries each day. Headquartered in the heart of California’s Silicon Valley, Google held its initial public offering in August 2004, making Page and Brin billionaires. Page continues to share responsibility for Google’s day-to-day operations with Sergey Brin and CEO Eric Schmidt. In 2006, Google purchased the most popular Web site for user-submitted streaming videos, YouTube, for $1.65 billion in stock.

The Internet and the World Wide Web were just taking shape as major forces in telecommunication when Larry Page entered Stanford. Larry Page wanted to devise a method for determining the number of Web pages linked to any one given page. Existing facilities for exploring the Web could only rank search results by the frequency of appearance of a given word on any page of the Web. Searches often produced endless lists of Web sites of very little pertinence to the user’s query. Page soon found that ranking Web sites by the number of links leading to it from other sites was a far more useful measure of a Web document’s relevance to a user’s search criteria. To explore the possibilities of his new “PageRank” mechanism more fully, he called on the data mining expertise of his classmate, Sergey Brin.

Together, Page and Brin wrote the paper “Dynamic Data Mining: A New Architecture for Data with High Dimensionality,” and followed it with “The Anatomy of a Large-Scale Hypertextual Web Search Engine.” The latter paper quickly became one of the most downloaded scientific documents in the history of the Internet. For a time, Page and Brin ran the prototype of their search engine, which they named “BackRub,” on an assortment of inexpensive personal computers stored in Larry Page’s dorm room. Word quickly spread beyond the walls of Stanford that the two graduate students had created something far more useful than existing search technology.

They registered the domain name Google.com in 1997. Having completed their Master’s degrees, they took a leave of absence from the Ph.D. program to concentrate on building their business. At first, Larry Page served as the company’s CEO, Sergey Brin as its president. Their stated mission was “to organize the world’s information and make it universally accessible and useful.” After quickly outgrowing a series of office locations, the company leased a complex of buildings in Mountain View, California in 1999. Google has since purchased the entire property, known as the Googleplex, one of the most unusual and innovative workplaces in the world, replete with exercise and recreational facilities.

In 2000, Google began selling text-based advertisements associated with search keywords. The text-only ads on their graphics-free home page kept their download time to the bare minimum, and their ability to deliver ads directly related to the interests of the user made the ad space highly valuable. That same year, Larry Page and Sergey Brin, still enrolled as Ph.D. candidates at Stanford, attended the Academy of Achievement’s International Achievement Summit in London, England as graduate student delegates. The interview recorded at that time can be read on this Web site. They returned to the annual event in 2004 as recipients of the Academy’s Golden Plate Award.

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By 2001, a vast number of once-promising Internet start-ups had folded, but Google was growing explosively and turning a profit. Page and Brin recruited Novell executive Eric Schmidt to serve as CEO, with Larry Page taking the role of President for Products, and Sergey Brin as President for Technology. The three have continued to run the enterprise as a triumvirate ever since. Google’s initial public offering in 2004 raised $1.67 billion, giving the company a market capitalization of $23 billion. A number of Google employees with shares in the company became millionaires overnight, and Larry Page and Sergey Brin found themselves multi-billionaires at age 27. Google was an immediate favorite with individual shareholders — as opposed to institutional investors and mutual funds — and the stock price has soared. All three top executives — Larry Page, Sergey Brin and Eric Schmidt — have reduced their annual salaries to a dollar a year and refused bonuses, tying their personal wealth directly to the company’s performance in the stock market.

By the end of 2006, Google had over 10,000 employees and annual revenues well over $10 billion. Various estimates place Larry Page and Sergey Brin among the two dozen richest people on earth, and the dozen richest Americans. Despite its enormous growth, Google has largely succeeded in preserving a uniquely informal and creative atmosphere at its Mountain View campus. Google employs a Chief Culture Officer to maintain and develop a creative and collaborative environment. Employees are encouraged to spend 20 percent of their work time on independent projects. As many as half of Google’s new products originated in this Innovation Time Off program. In 2007 and 2008, Fortune magazine ranked Google as the best company in the world to work for.

In addition to its in-house product development, Google has also grown through strategic acquisitions of hardware and software companies with innovative video, teleconferencing and social networking products. One of the most dramatic of these was the 2006 purchase of the online video site YouTube for $1.65 billion. Prior to the sale, YouTube’s earnings were negligible, but Google quickly turned it into a profit center.

The following year, Google acquired the software company DoubleClick for $3.1 billion. DoubleClick technology directs display advertising to users based on their search behavior. DoubleClick complements the formidable arsenal of technologies that Google has deployed to revolutionize online advertising. AdWords places advertising in third-party Web sites, on a cost-per-click or cost-per-view basis. Google Analytics enables the owners of Web sites to study the traffic to their sites. AdSense allows these owners to display advertising on their sites; they are then paid by the advertisers on a per-click basis. Today 99 percent of Google’s revenue is derived from advertising. Users also have the option of purchasing Google Site Search, a service that provides access to the Google index without advertising.

In recent years, Google has introduced a number of popular new services and applications, including a toolbar that allows users to perform searches from their desktops, without visiting the Google Web site. The Web site itself enables searches for video and still imagery as well as text. Google Maps is a popular navigation tool, while Google Earth allows users to access satellite imagery to zoom in on locations all over the world. The most ambitious project of all, Google Book Search, aims to make the contents of vast libraries of books available and searchable online. Google Books offers free access to books that are already in the public domain, while selling digital versions of new books online.

Google also provides a free Web-based e-mail service, Gmail, which offers its users far more storage space than most other services. The company now offers a suite of business tools, including word processing and spreadsheet applications, at a fraction of the cost of competing office software packages. Google has created its own Web browser, Google Chrome, as well as the popular Picasa photo organization and editing software. One of the company’s most promising products is an operating system for mobile phones, called Android. It is used in Motorola’s Droid phones, as well as Google’s own Nexus One phone.

Today, Google is the Internet’s most visited Web site, employing more than a million servers around the world to process over a billion search requests every day, accessing an index of trillions of Web pages.

Google maintains a commitment to environmentally sustainable technology. It has the largest solar power capacity of any corporate campus in the United States, and even the grounds of its green campus are grazed by a flock of goats. Google has negotiated 20-year power contracts with wind farms in Iowa, and in 2010 acquired a 20 percent stake in two wind farms built by NextEra Energy Resources in North Dakota.

Google has consistently supported the principle of “net neutrality” that requires broadband carriers to treat all Web sites equally, but Google spokesmen caution Internet users against unrealistic expectations of online privacy. The future of the Internet, they maintain, will embody a principle of “true transparency, no anonymity.” Meanwhile, Google seeks the expansion of broadband access. It provides free wireless broadband service throughout the city of Mountain View, and is exploring the possibility of expanding to other cities.

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The Beginnings of Google

Page and Brin began work on a project called “The Anatomy of a Large-scale Hypertextual Web Search Engine” or simply, The Anatomy of a Search Engine. Their challenge was to crawl the web efficiently and provide more relevant results than the search engines that were available at that time. The dramatic growth of the web presented problems in crawling the web, keeping the crawled information up to date, storing the indices efficiently, and handling many queries quickly. The Google project relied on the PageRank technology that the pair developed.

Google PageRank™

PageRank provided the basis for Brin and Page’s Ph.D project and continues to be the major factor in Google’s search algorithm today. Google PageRank™ ranks the quality of each web page using a complex calculation of link structure. The Google website describes PageRank in the following words;

“Google interprets a link from page A to page B as a vote, by page A, for page B. But, Google looks at more than the sheer volume of votes, or links a page receives; it also analyzes the page that casts the vote. Votes cast by pages that are themselves “important” weigh more heavily and help to make other pages ‘important.’ ”

Larry Page CEO

As Google’s chief executive officer, Larry is responsible for Google’s day-to-day-operations, as well as leading the company’s product development and technology strategy. He co-founded Google with Sergey Brin in 1998 while pursuing a Ph.D. at Stanford University, and was the first CEO until 2001—growing the company to more than 200 employees and profitability. From 2001 to 2011, Larry was president of products.

Larry holds a bachelor’s degree in engineering from the University of Michigan, Ann Arbor and a master’s degree in computer science from Stanford University. He is a member of the National Advisory Committee (NAC) of the University of Michigan College of Engineering, and together with co-founder Sergey Brin, Larry was honored with the Marconi Prize in 2004. He is a trustee on the board of the X PRIZE, and was elected to the National Academy of Engineering in 2004.

Larry Page never finished his Ph.D because of the great success of his Google search engine. It was started in 1998 and grew rapidly every year since its beginnings. Page and Brin started with their own funds, and that of their friends and family but the site quickly outgrew their own available resources. They eventually received private investments through Stanford to fund the rapid growth of up to 20% per month.

In its early years Google allowed no advertising in their search engine results. The search engine became profitable in 2000 with the introduction of unobtrusive text advertisements placed along side search results.

Larry Page became president of products in 2001. He and Brin managed the company up until it reached more than 200 employees in 2001, when they handed over the CEO position to Dr. Eric Schmidt. Larry Pages continues to play an important role in running the company with Schmidt and Brin.

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Larry Page and Sergey Brin have had staggering success with Google — not only did they revolutionize the way we search the Web, they made a ton of money doing it. They’ve been recognized for their achievement more times than can be listed here; their most recent accolades include a shared Marconi Prize in 2004, while the World Economic Forum named Page a Global Leader for Tomorrow in 2002, and Brin a Young Global Leader in 2005.

Brin and Page are famous, to be sure, but not as well-known to the public at large as their brainchild, Google. While they rank right up with Bill Gates among the world’s youngest self-made billionaires, their names aren’t as recognizable as that of Gates or other giants. Page and Brin seem content to stay out of the spotlight.

Larry Page, Sergey Brin, and BackRub

In 1995, Larry Page and Sergey Brin met at Stanford University as graduate students in computer science. By January of 1996, the pair began collaborating on writing a program for a search engine dubbed BackRub, named after its ability to do back link analysis.

Next, fueled by the rave reviews that BackRub received, Larry Page and Sergey Brin began working on Google. Operating out of their dorm rooms, the pair built a server network using cheap, used, and borrowed PCs. They maxed their credit cards buying terabytes of disks at discount prices. They tried to license their search engine technology, however, after failing to find anyone that wanted their product at an early stage of development, Page and Brin decided to keep Google, seek more financing, improve the product, and take it to the public themselves.

Achievements

Larry Page is the co-founder and president of products of Google Inc. His fortune is estimated at $16.6 billion, making him the 26th richest person on earth according to Forbes’ annual list of billionaires on 2007. In 2002 World Economic Forum named him Global Leader for Tomorrow. Together with Google’s co-founder Sergey Brin, Larry was honored with the Marconi Prize in 2004. In 2007, he was cited by PC World as #1 on the list of the 50 Most Important People on the Web.

Google has since become the world’s most popular search engine, receiving more than 200 million queries each day. Page ran Google as CEO and co-president with Brin until 2001, when they hired Eric Schmidt to become chairman and CEO. The company’s IPO in August 2004 made Page and Brin billionaires. But Larry is famous as “wrong billionaire” and prefers unpretentious style of life centered on his work. In 2005 and 2006 the Google Guys worked for $1 per year salaries.

In 2002, Larry was named a World Economic Forum Global Leader for Tomorrow. He is a member of the National Advisory Committee (NAC) for the University of Michigan College of Engineering, and together with Co-Founder Sergey Brin, Larry was honored with the Marconi Prize in 2004. He is a trustee on the board of the X PRIZE, and was elected to the National Academy of Engineering in 2004.

Leadership Experience

Larry Page was Google’s founding CEO and grew the company to more than 200 employees and profitability before moving into his role as president of products in April 2001. Page is acknowledged as the thought leader of the company and continues to share responsibility for Google’s day-to-day operations with Eric Schmidt and Sergey Brin. “We have a mantra: don’t be evil, which is to do the best things we know how for our users, for our customers, for everyone. So I think if we were known for that, it would be a wonderful thing,” he says.

Larry has always been obsessed by the idea of attracting to Google as many talented people as possible. In the recent years he and Sergey Brin were strongly occupied by looking for and hiring bright technologies, personally interviewing almost every candidate. And today they still continue to gather talents from all over the world hiring the best people from such companies as Microsoft and other high-tech giants.

Larry Page is known for a short temper and great attention to detail – a nice way of saying “micromanager”. But at present time many assume that he intends to be Google’s chief executive again someday.

Soon after they started working on a project that later became the Google search engine. After trying to sell the idea failed, they wrote up a business plan and brought in a total initial investment of almost $1 million to start their own company. In September 1998 Google Inc opened in Menlo Park, California. The company grew so quickly and gained so many employees’ a few office relocations were made due to lack of space, with Google Inc finally settled in its current place at Mountain View, California. Over the next few years headed by Larry and Sergey Google made many innovations and added to its list of products and employee’s (nearly 5000 by 2006). By October 2004 Google announced their first quarterly results as a public offered company, with record revenues of $805.9 million. As of 2005 Page has been estimated to be worth US$12 billion and is sixteenth in Forbes 400 list and making him the 27th richest person in the world.

The search engine with Page and Brin’s unique algorithm was initially named “Backrub,” but they later settled on “PageRank,” named after Page. It soon caught on with other Stanford users when Page and Brin let them try it out. The two set up a simple search page for users, because they did not have a web page developer to create anything very impressive. They also began stringing together the necessary computing power to handle searches by multiple users, by using any computer part they could find. As their search engine grew in popularity among Stanford users, it needed more and more servers to process the queries. Google Pranks

The freewheeling corporate culture at Google has produced the occasional prank since its founding. The company had been known to post fake press releases around April 1, or April Fools’ Day. In 2000, for example, it launched “MentalPlex,” which offered Google site visitors the ability to “search smarter and faster” by peering into a circle with shifting colors.

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The homepage for the Google News web site.

Page and Brin strove to keep Google’s corporate culture relaxed in other ways, which they felt benefited the company in the long run. Its perks were legendary. There was free Ben and Jerry’s ice cream, an on-site masseuse, a ping-pong table, yoga classes, and even a staff physician. Employees could bring their dogs to work, and the company cafeteria was run by a professional chef who used to work for the rock band the Grateful Dead. Brin discussed his management philosophy with Cummings. “Since we started the company, we’ve grown twenty percent per month. Our employees can do whatever they want.”

Long-awaited IPO

By early 2004 Google was one of the most-visited Web sites in the world. Its servers handled some 138,000 search queries per minute, or about two hundred million daily. Analysts believed it was taking in approximately $1 billion in revenues annually, and the company finally announced plans to become a publicly traded company with an initial public offering (IPO) of stock. Theirs, however, would utilize a unique online auction process to sell its first shares to the public. This meant that the large Wall Street firms that handled the IPO underwriting—which investigated the company’s books and then placed a monetary value on it—would not be able to give the first shares out to their top clients as a perk. It was estimated that Google was going to be valued at least at $15 billion, and possibly even as high as $30 billion.

Page and Brin each own thirty-eight million shares of Google stock. They would become overnight millionaires when Google began trading on the NASDAQ, or National Association of Securities Dealers Automatic Quotation system, sometime in 2004. Business journalists were calling it the most hotly anticipated IPO of the post-dot-com era. Many other Internet companies had quickly become publicly traded ones in the late 1990s, but began to crash when the economy slowed over the next few years. Just prior to launching their IPO, Google entered a legally required “quiet period,” in which they were not allowed to discuss their plans or strategies with the press. Brin told Levy in Newsweek just before that period that he and Page were content to keep tinkering with their research-paper idea. “I think we’re pretty far along compared to 10 years ago,” he said. “At the same time, where can you go? Certainly if you had all the world’s information directly attached to your brain, or an artificial brain that was smarter than your brain, you’d be better off. Between that and today, there’s plenty of space to cover.”

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