Magnum on Instagram: "1. Stanford University documents from 1998 reveal Larry Page and Sergey Brin developed PageRank algorithm using Stanford’s computers, network, and $4.5M in NSF research grants. University owned the intellectual property. When Google incorporated, founders convinced Stanford to accept equity instead of licensing fees — 1.8M shares that became worth $336M. Stanford got windfall, but Page and Brin kept billions using research university funded. One tech transfer officer’s memo

The Evolution Of Google PageRank