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They've paid Stanford at least $337 Million in royalties for the original Google algorithm: https://news.stanford.edu/thedish/?p=19621



Ouch. Current market value on 1.8 million shares = $2,154,600,000. I think they managed that rather poorly (I understand it's common for investment funds / trusts / endowments - which perhaps the IP was held by - to liquidate soon after an IPO, but I'd think a university like Stanford could have more patience).




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