before silicon valleys two most prominent investors kleiner perkins caufield  byers and sequoia capital agreed to invest a combined total of $ million into google they applied pressure on page to step down as ceo so that a more experienced leader could build a "world-class management team" page eventually became amenable to the idea after meeting with other technology ceos including steve jobs and intel’s andrew grove eric schmidt who had been hired as chairman of google in march  left his full-time position as the ceo of novell to take on the same role at google in august of the same year and page moved aside to assume the president of products role