Gerstner invested in Priceline at $1B valuation; it became Google's largest advertiser and built a $100B business.
“We started investing in it when it was a billion dollar business and Priceline became the single largest global advertiser on Google and build a $100,000,000,000 vertical search business by providing better access to hotels and hotel inventory but that business would not have existed without Google.”
“We started investing in it when it was a billion dollar business and Priceline became the single largest global advertiser on Google and build a $100,000,000,000 vertical search business”
Gerstner says Priceline built a $100 billion vertical search business by becoming Google's largest global advertiser.
“We started investing in it when it was a billion dollar business and Priceline became the single largest global advertiser on Google and build a $100,000,000,000 vertical search business by providing better access to hotels and hotel inventory”
Gerstner says Priceline built a $100 billion vertical search business by becoming Google's largest global advertiser.
“We started investing in it when it was a billion dollar business and Priceline became the single largest global advertiser on Google and build a $100,000,000,000 vertical search business by providing better access to hotels”
Gerstner's first trade at Altimeter on November 1, 2008 was buying Priceline stock.
“11/01/2008, yesterday was our fifteenth anniversary, okay? The first trade I ever placed, right, in my own fund. I bought, Priceline was the first stock we bought.”
Gerstner says his first public fund stock was Priceline at $45, now over $4,000.
“I bought my first stock that I bought in the public fund in 2008, 10/01/2008, was Priceline at $45 a share. Today, it's over $4,000 a share.”