Google's Early Days: Venture Capital and IPO

This lecture covers the early days of Google, from its humble beginnings in a Menlo Park garage to its move to Palo Alto and the key hires that shaped its growth. It delves into the role of venture capital in Google's professionalization, the differences between angel investors and VCs, and the process of investing in a VC fund. The lecture also discusses the structure of a typical venture capital firm, the benefits and costs of VC investments, and the hypothetical performance of a VC fund. It concludes with insights into Google's first profits, the WeWork funding rounds, and the multi-stage venture finance example, leading up to Google's initial public offering (IPO).