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Terry Semel, Yahoo’s then-CEO, supplied $3 billion to buy the company, but Web Page and Brin reportedly held agency on a $5 billion valuation. Each companies have been initially hesitant about investing jointly in Google, as each wanted to retain a larger percentage of management over the corporate to themselves. Page and Brin initially approached David Cheriton for advice as a result of he had a nearby office in Stanford, and they knew he had startup experience, having recently offered the corporate he co-founded, Granite Methods, to Cisco for $220 million. This preliminary funding served as a motivation to incorporate the corporate to find a way to use the funds.
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