Re:Wouldn't it be fun to build your own Google?
by Animats on Thursday December 11, 2014 @01:22PM
(#8736262)
"Valuation" by whom? They had no revenue, no revenue model, no VC would give them additional funding, and Google didn't buy them out. On September 17, 2010 at 1 PM, all the employees were told the company was shutting down.
Google did hire the CEO and Anna Patterson to keep them from doing another search engine.
They raised ~$30 million in two rounds, but their valuation was at $200 million by round two. I agree with your point though; the cost to develop a good search engine is dirt cheap compared to the value it brings.