Stanford University’s Barter Deal With Google Had Huge Pay Off!
August 11th, 2007 · by Bob Meyer · No CommentsKatherine Ku, director of Stanford University office of Technology Licensing reported in December, 2005 that the university had made $336 million on the sale of its stock in Google Inc., the Internet search-engine giant created by two of the university’s graduate students.
Stanford received 1.8 million shares of Google in exchange for allowing Google to use key Internet search-technology developed by company founders Sergey Brin and Larry Page while they were graduate students at the university.
Stanford holds the patent on the technology, which the university licenses to Google under a multi-year deal.
Some of the biggest barter deals (most profitable deals) revolve around new ideas/companies in which they use stock/options/warrants as their currency due to their undercapitalization.
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