Executive Search Firm Nets $128 Million for 2001 Google Recruiting Search

This is amazing. In 2001 Google hired executive search firm Heidrich & Struggles to help recruit a CEO. As their fee, the firm negotiated warrants which allowed them to purchase 1.2 million Series B shares of Google for $0.30 per share. After exercising these warrants, they sold their shares today and netted $128 million. Not bad for finding one Chief Executive Officer.

The firm will now have to change it name, since there will be no more Struggles for these folks.

Lesson: it’s not a bad idea for professional service providers (and contractors at early stage companies) to negotiate for stock or warrants (maybe in exchanged for reduced or waived fees) with promising companies. I know many early stage CEOs who would trade stock for services, since cash is often more precious than equity early on.

Leave a Reply


More Posts

Soar.com Logo Design

Some of you know that my partners and I are launching a new company that aims to help a billion or more people soar with

Cold Showers Can Benefit Your Health

I hated what I read in the Harvard Business Review last Friday: Cold showers have health benefits. I’ve always ignored people who advocate taking cold

People Like Me Need People Like You

“People Like Me Need People Like You” Someday I’ll write a book about Ancestry.com. I’ll highlight the people who built Ancestry from the ground up–unsung

The Team Coaching Zone Podcast

To listen to this podcast, click HERE. Announcer: Welcome to the Team Coaching Zone podcast. Join your host Dr. Krister Lowe and today’s leading organizational

My Favorite Artist

Artists, poets, and prophets can help us make sense of the craziness that we experience in the world. My favorite artist is Regina Spektor. When

The Coach You Need

When you need a helping hand in life or at work you might decide to hire a coach. There are many amazing executive, career, leadership,

Beware of Taking Advice

Next Friday I get to deliver a keynote at Phoenix’s biggest startup event. But beware of taking advice from me–or anyone else. Startup events are

An Entrepreneurial Superpower

One of my entrepreneurial superpowers is asking questions at scale. Before I started Ancestry I went to libraries and conferences and asked questions. I learned

Paul hopes to bring the strengths message to all 50 states and to 50 countries by 2025.
Contact him so he can help you spark a strengths movement in your area, company, or industry.