> If Google didn't raise big money, they wouldn't have went on to do as many early acquisitions. Without those acquisitions, they don't stumble onto adwords/adsense

Adwords was out for around 6 months before the company's very first acquisition, DejaNews.

http://www.google.com/about/corporate/company/history.html

Google quickly became insanely profitable after launching adwords. They only ever took $25MM in private funding.

http://en.wikipedia.org/wiki/History_of_Google#Financing_and...

I'm curious as to how you arrived at the assertions you made.