siliconindia.com: "It was a chance meeting in an elevator in Stanford in 1999 with techies Larry Page and Sergey Brin that led angel investor K Ram Shriram to invest in their start-up Google. Though there was no money in an Internet search engine those days, the science graduate from Madras University ended up buying a 2.7 per cent stake in the company, making him the sixth largest stakeholder in the privately held company, reports Hindustan Times.
It?s time to cash in now. With Google about to hit the market with its IPO, Shriram?s 54 lakh shares are going to fetch him around Rs 500 crore, say industry observers.
Shriram earlier worked in a senior capacity at Netscape and later became the founder director of junglee.com, which was subsequently bought by Internet retail biggie Amazon."
Thursday, May 06, 2004
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