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Google introduced the launch of a new company, called Calico, on September 19, 2013, to be led by Apple Inc. chairman Arthur Levinson. Schmidt was not initially captivated with becoming a member of Google either, as the company’s full potential had not yet been widely known at the time, and as he was occupied along with his obligations at Novell the place he was CEO. In March 1999, the company moved its workplaces to Palo Alto, California, which is home to a number of distinguished Silicon Valley technology start-ups. After some further small investments by way of the top of 1998 to early 1999, a new $25 million spherical of funding was announced on June 7, 1999, with main investors together with the venture capital firms Kleiner Perkins and Sequoia Capital. Ultimately, they modified the name to Google; the name of the search engine was a misspelling of the word googol, a really massive number written (1 adopted by 100 zeros), picked to indicate that the search engine was supposed to offer massive quantities of data. Web Page and Brin initially nicknamed the brand new search engine “BackRub” as a result of the system checked backlinks to estimate the significance of a site.

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