Sequoia and Kleiner Perkins funding
$25 million
Google announced a completed $25 million equity round. This is capital raised, not the company valuation or an individual share price.
Search & AI · GOOGL
Alphabet (Google)
Google’s 1999 venture raise, preferred-stock terms and 2004 auction IPO are documented. Modern comparisons value GOOGL and the GOOG shares distributed in 2014 separately.
01 / YOUR SCENARIO
Choose your starting point.
Starting price: $0.0625 · 2003 charter terms · not an investment date
1 GOOGL share equivalents per starting share at your ending date.
HISTORICAL REFERENCE → IPO OFFER PRICE
Alphabet (Google)GOOGL · Series A charter reference · $0.0625
Hypothetical price-only value of $1,000.00
$1,360,000.002003 charter terms · not an investment date → 2004-08-19
1,360×Price multiple
$1,359,000.00Gain / loss
16000.00000000 GOOGL share equivalents · ending price $85
Charter conversion-value illustration, not a verified cash subscription. One IPO-basis common share per preferred share. Includes one distributed GOOG share per retained GOOGL share for dates from April 3, 2014; both classes receive the 2022 split.
Formula: amount ÷ $0.0625 × 1 × GOOGL ending price.
Google pre-IPO charter ↗Google final 2004 IPO prospectus ↗Google second-quarter 2014 Form 10-Q ↗Alphabet June 2022 Form 8-K ↗Illustrative paper value; no sale or access to a historical investment is assumed. Excludes fees, taxes, cash dividends, warrants and other distributions; fractional shares assumed. The IPO mark does not assume an executable sale.
THE STORY & THE EVIDENCE
Alphabet (Google): before the public market.
Google’s 1999 venture raise, preferred-stock terms and 2004 auction IPO are documented. Modern comparisons value GOOGL and the GOOG shares distributed in 2014 separately.
IPO6 sourced milestones3 documented share scenarios
- Private equity financing
- Preferred-stock terms
Series A/B charter terms
A: $0.0625 · B: $0.49525
The pre-IPO charter specifies $0.0625 for Series A and $0.49525 for Series B as liquidation/conversion-value references. Models retain that distinction from cash subscription evidence.
- Strategic financing
Series C/D and commercial warrants
Series C/D terms were $2.3425 and $2.91; commercial arrangements and warrant exercises form part of this history. Their liquidation preferences are not funding totals.
- IPO
Auction IPO
$85
The final public offer price was $85. Preferred shares converted to Class B; transferred Class B shares convert to Class A.
- Stock distribution
A second listed share class
Each existing share received one nonvoting Class C share. GOOGL and GOOG may trade at different prices, so both prices are required for later outcomes.
- Share basis
Twenty-for-one split
Each class split 20-for-one. One IPO-basis share now corresponds to 20 Class A plus 20 distributed Class C shares, before excluded adjustment distributions.
What the records do not establish
- Series A/B calculators use labeled charter conversion-value references; the exact cash cost of every investor is not established.
- Series C/D include commercial warrants and cannot be presented as ordinary cash-only venture rounds.
- The 2014 Class C distribution is included, but subsequent Class C adjustment payments, dividends, fees and taxes are excluded.
Research reviewed 2026-09-24. Selected public records, not a complete private cap table. An undisclosed price is left unknown.
Open this company’s sourced data (JSON) ↗
Source documents & filing locations
Google final 2004 IPO prospectus ↗
Cover; Note 9, preferred stock and warrants; conversion to Class B and transfer to Class A.
Google pre-IPO charter ↗
Article IV: preferred liquidation/conversion values and conversion prices. These are charter references, not evidence of each holder’s cash cost.
Google announces $25 million equity funding ↗
June 7, 1999 company announcement; Sequoia and Kleiner Perkins.
Google second-quarter 2014 Form 10-Q ↗
April 2, 2014 Class C stock dividend, one Class C share for each Class A/B share; April 3 split trading.
Alphabet June 2022 Form 8-K ↗
20-for-one split; adjusted trading July 18, 2022.
Alphabet 2022 Form 10-K ↗
Alphabet holding-company structure and completed 2022 stock split.