When historians look back at the Google IPO, it’s likely they will judge it a huge success. That’s because the search-engine company stepped out of a process that rewarded financial insiders and moved toward a more free-market approach. Perhaps it’s no surprise that the company challenging elite Wall Street authority is based in the oft-described “libertarian” Silicon Valley. Californian entrepreneurs live in a different culture from that of the east coast. One of the key differences is that instead of always trying to one-up someone at the same game, many in the golden state opt to create a brand new game. Such was the case with the IPO of Google.
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The Incredible Goodness of GOOG
Posted by: Sonia Arrison August 27, 2004 06:00 AMWhen historians look back at the Google IPO, it’s likely they will judge it a huge success. That’s because the search-engine company stepped out of a process that rewarded financial insiders and moved toward a more free-market approach. Perhaps it’s no surprise that the company challenging elite Wall Street authority is based in the oft-described “libertarian” Silicon Valley. Californian entrepreneurs live in a different culture from that of the east coast. One of the key differences is that instead of always trying to one-up someone at the same game, many in the golden state opt to create a brand new game. Such was the case with the IPO of Google.