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Paidsearch advertising , invented at Goto.com --a spinout of Idealab--which was later acquired by Yahoo for $1.63 billion and became Yahoo Search Marketing. Gordon Moore, co-founder of Intel, who got his PhD in Chemistry from Caltech, then went to co-found Fairchild Semiconductor, and built Intel from an initial $2.5
He was a life-long entrepreneur and the first business he created out of college (actually, he founded it while he was at Caltech) was a company that manufactured high quality audio speakers. So he launched a company with exclusively paidsearch. Users would know exactly how much was paid for each click.
So much so that if you read Ken Auletta’s wonderful book “ Googled ” you’ll see that Larry and Sergey had for years stated they would never do paidsearch results. Both graduates of one of the most premier science institutions in the United States: Caltech. What Do We See From the Road Ahead?
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