Conway invests in the early stages of the search provider, after meeting Brin and Page at a party in his home town of Atherton, Calif. He joins Sequoia Capital, Kleiner Perkins Caufield & Byers, and other angels in the venture round with a $75 million pre-money valuation.
Page rank and relevance really resonated…This is when they were raising a VC round. They said, ‘If you help us get Sequoia, you can invest, because we want to set up a (partnership deal) with Yahoo.’ […] All of us felt lucky to get in. All of this [debate] about valuations is completely crazy. Companies are binary. They’re either big wins or they don’t win. Let the market decide the valuation.