"Larry and Sergey initially tried to license their algorithm to some of the newly formed web search engines, but none were interested. Since they couldn't sell their algorithm, they decided to start a search engine themselves. The rest of the story is well-known."
I found this piece of history here: http://randomup.com/page.aspx?id=194980
Wednesday, March 5, 2008
Rejection by existing search engines gave birth to Google
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