Google co-founder Larry Page on Alphabet's structure
- 9 years ago
In a rare public appearance, Google co-founder and Alphabet Inc CEO Larry Page explained why he was spurred to create a whole new structure for the company he created with Sergey Brin almost two decades ago.
"I want to push the envelope for what's possible for an innovative company with large resources," he said during a Q&A session with Fortune editor Alan Murray at the magazine's Global Forum 2015 in San Francisco.
He said the new company would operate a little bit like a venture capital firm, a little bit like Berkshire Hathaway Inc, the conglomerate controlled by billionaire investor Warren Buffett, whom Page admires.
Aside from Google, Alphabet's other businesses include Google X, connected home products maker Nest, venture capital arm Google Ventures and Google Capital, which invests in larger tech companies.
"I want to push the envelope for what's possible for an innovative company with large resources," he said during a Q&A session with Fortune editor Alan Murray at the magazine's Global Forum 2015 in San Francisco.
He said the new company would operate a little bit like a venture capital firm, a little bit like Berkshire Hathaway Inc, the conglomerate controlled by billionaire investor Warren Buffett, whom Page admires.
Aside from Google, Alphabet's other businesses include Google X, connected home products maker Nest, venture capital arm Google Ventures and Google Capital, which invests in larger tech companies.