Saturday, December 29, 2007

Ex-Googlers Use Their Fortunes to Hunt for the Next Google

Chris Sacca, the former WiFi guru at Google, made a fortune as the company's stock soared. Now he is using his money to hunt for the next Google.

Sacca, 32, left the Internet search company this month for a new career as a venture capitalist. He joins a growing number of Google millionaires hoping to parlay their newfound wealth into even greater riches by bankrolling technology start-ups.

Three years after Google went public, a fast-growing network of hyper-connected company veterans is fanning out across Silicon Valley. Some are joining the venture capital firms that financed the tech boom of the 1990s. Others are raising investment funds or backing embryonic companies with their own money as so-called angel investors.

Sacca had a plum job at Google. Among other things, he spearheaded the creation of a free WiFi network in the company's hometown of Mountain View, California.

"I had one of the best jobs in the world," Sacca said। "But there is a world of opportunity."

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