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.
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.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In North America
Fetching latest articles