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Sydney, NSW
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Want to bite someone? Yeah me too.. (Outsourcing work, Insourcing Frustration)
I know another dude that recently had trouble with outsourcing: Kristopher Tate (founder Zooomr )
Checkout his videoblog
Posted 19 Apr 07
Google's Acquisitions Chief Looking for `Crazy' Ideas
``We look at everything very carefully,'' Salman Ullah,
Google's director of corporate development, said yesterday in a
speech at a meeting of the Los Angeles Venture Association. ``The
really crazy ones do really well.''
Google, owner of the most-popular Internet search engine,
has about 15 people working on acquisitions that meet with dozens
of companies a week, Ullah said. Mountain View, California-based
Google responds to every e-mail pitching a company, while phone
calls have a 10 percent response rate, he said.
The search engine, which had more than $11 billion in cash
at the end of the fourth quarter, last year bought video-sharing
site YouTube Inc. and DMarc Broadcasting Inc. to move into the
market for radio advertising. Google also bought smaller startups
including online software company JotSpot Inc.
``The crazy ones mean they ignore the usual restraints of
investment levels required or design parameters or `Gee I need
more servers than anyone ever thought was possible','' Ullah
said. ``When you free yourselves from these constraints, you
create crazy, cool things.''
Google wants companies that can build revenue streams from
their users, instead of buying firms with a lot of users that
don't bring in much in sales, Ullah said.
``We don't do traffic for traffic's sake,'' he said. ``It
has to be highly monetizable.''
In the past Google has also used a technique called Monte
Carlo analysis to size up a deal, where computer algorithms are
used to answer questions.
Shares of Google rose $2.86 to $467.39 at 4 p.m. in Nasdaq
Stock Market trading. They have climbed 1.5 percent this year.
Posted 12 Apr 07
Total Messages: 15
Topics Created: 1