Earlier quoted context omitted.
But that's the thing. "Search" was not a great business problem. It still isn't. I used Google for years before their IPO and people were always like "how is this thing going to make money" and believe it or not there was a lot of skepticism even at IPO time that they even had a possible reasonable business model. (Same for Facebook at their IPO, too.) Search is not a good business. Ad sales over top of search turned…
When Google started, you didn't need a business model for a "dotcom" (as we called them, before "tech stocks" became the "tech" that we now call ourselves). We already realized the necessity of finding information amongst the exponentially growing wealth of Web servers (sites). And Google obviously worked much better than the existing crawler-based search indexes and curated directories. And lots of people thought a…
Funny thing is I recall using Google from the very day I first saw it come across Slashdot -- probably late 1997 -- before they were incorporated even... but I also recall that at some point around 1999 I actually switched back to using AltaVista or something similar for a bit. Because I preferred the search results I got.
It was actually a more competitive situation than people might remember in hindsight.
The big difference is that Google made it through the .com crash filter better than anybody else. That and they kept the good will of their customers by keeping minimal and straightforward and (for a while) ad free.