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Larry Pageis an American computer scientist and entrepreneur who, with Sergey Brin, created the online search engineGoogle, one of the most popular websites on the Internet.
Page, whose father was a professor of computer science at Michigan State University, received a computer engineering degree from the University of Michigan in 1995 and entered into the doctorate program at Stanford University, where he met Brin. Both Page and Brin were interested in improving how users parsed the massive amounts of data offered by the Internet. Working from Pageâs dormitory room, they devised a new type of search engine algorithm called PageRank that leveraged Web usersâ ranking abilities by tracking each siteâs âbacking linksââthat is, the number of other pages linked to them. Such a system enabled the search engine to determine the authority of Web pages based on how often they were backlinked.
In order to further their search engine, Page and Brin raised about $1 million in outside financing from investors, family, and friends. They called their expanded search engine Google, a name derived from a misspelling of the word googol (a mathematical term for the number 1 followed by 100 zeros). By September 1998 the two had founded Google Inc., with Page as chief executive officer (CEO), and had established a patent for their PageRank system. The next year Google received $25 million of venture capital funding and was processing 500,000 queries per day.
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According to a letter written by Page, Alphabet was created to help manage Googleâs subsidiaries that were further removed from the Internet.
âWe liked the name Alphabet because it means a collection of letters that represent language, one of humanityâs most important innovations, and is the core of how we index with Google search.â
Page stepped down as CEO in 2001 to become president of products. He was replaced as CEO by technology executive Eric Schmidt. However, both Page and Brin remained closely involved in running Google operations. By 2004 the search engine was being used 200 million times a day. In August 2004 Google issued its initial public offering (IPO), which netted Page more than $3.8 billion. In an acquisition reflecting the companyâs efforts to expand its services beyond Internet searches, in 2006 Google purchased the video streaming serviceYouTube for $1.65 billion in stock. In 2011 Page resumed his duties as Googleâs CEO, and Schmidt became executive chair. Google was restructured in August 2015 as a subsidiary of the newly created holding company Alphabet, and Page became CEO of Alphabet. He left the post in December 2019 but continued to serve on Alphabetâs board of directors.
