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He was a Silicon Valley icon worth billions. It wasn’t enough

He was a Silicon Valley icon worth billions. It wasn’t enough

Andreas Bechtolsheim made a legendary investment in Google that changed the world and made him billions. Then he threw it away for an insider trade worth far less.

David Streitfeld

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San Francisco | Andreas Bechtolsheim doesn’t like to waste time. The entrepreneur made one of the most celebrated investments in the history of Silicon Valley – the initial $US100,000 that bankrolled a search engine called Google in 1998 – while on the way to work one morning. It took just a few minutes.

Twenty one years later, Bechtolsheim may have seized a different kind of opportunity. He got a phone call about the imminent sale of a tech company and allegedly traded on the confidential information, according to charges filed by the Securities and Exchange Commission. The profit for a few minutes of work: $US415,726.

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Original URL: https://www.afr.com/world/north-america/he-was-a-silicon-valley-icon-worth-billions-it-still-wasn-t-enough-20240424-p5fm4o