- Marissa Mayer is working on her next tech venture out of Google’s old office in Palo Alto, California.
- In an interview with The New York Times, Mayer hinted that the new company – named Lumi Labs – would operate in the consumer space.
- The office is where PayPal got started, and Mayer said the space had “good juju.”
Marissa Mayer has a new address: Google’s old office in Palo Alto, California.
In her first interview since leaving Yahoo last year, the former CEO revealed to The New York Times that she had started working on her next tech venture – and was doing it out of Google’s old office, the place she started her career in 1999.
“This is also where PayPal started, so there’s a lot of good juju here,” Mayer said. “Coming back here, it reminds me of what Google felt like in those early moments.”
Mayer didn’t go into specifics about what her new company would entail, saying only that she had “some ideas in the consumer space.” She told The Times she had been meeting with founders and “just seeing what’s happening in the industry.”
The new venture is called Lumi Labs, named after the Finnish word for snow.
Mayer worked at Google for 13 years before leaving to serve as CEO of Yahoo. But during her five-year tenure, Mayer failed to revive the company’s stalled business. Verizon ultimately acquired the iconic internet company last year, and Mayer received a severance package worth about $US23 million.
You can read the entire interview with Mayer over at The New York Times.
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