March 18, 2011
Levy's WIRED Piece: Larry Page wants to Return Google to its Startup Roots
Steve Levy's Wired piece that came out today is a must read. Entitled Larry Page Wants to Return Google to its Start-up Roots, it takes us back to 12 years ago when Google was first funded.
Two excerpts from his piece:
"Now, after a 10-year run in which Google’s revenues grew from less than $100 million to almost $30 billion, Page is finally CEO again, a role he always felt he could handle. The general public may not appreciate the magnitude of the change—to most, Page is just one of the seemingly interchangeable pair of wacky “Google guys.” But Page is sui generis and could potentially have the kind of impact Bill Gates and Steve Jobs have had. Nobody better encapsulates Google’s ambitions, its ethics, and its worldview. At the same time, Page can be eccentric, arrogant, and secretive. Under his leadership, the company will be even harder to predict."
And, on what Google 'could' look like with Page back in the CEO position:
"If history is any guide, Page’s idealistic impulses could result in a vaster, more sprawling company. In 2008, Google participated in an FCC auction for radio spectrum to be used for mobile broadband. By the terms of the auction, if the spectrum was sold above a certain price, the winner would have to allow other companies to run devices on their networks—something Google strongly favored but that telecom companies dearly hoped to avoid. Google executives worried that the telecoms would conspire to keep bidding below that baseline price. So the company got involved in a high-stakes game of chicken. Google would bid on the spectrum, high enough to get it over the threshold, and then bow out. It left Google potentially vulnerable; if nobody else topped its bid, the company would be stuck with a multibillion-dollar piece of spectrum that it was unequipped to exploit. “Google definitely wanted to lose,” the company’s chief economist, Hal Varian, says. To Google’s great relief, Verizon did top its bid, and the company was off the hook."
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