Did Google Guru double dip?

Ram Shriram, the early angel investor in Google, looks to have made out even better than we thought. We already reported here how he may have made the best investment of all time, returning between 5,000 and 10,000 times his original money, pocketing about $1 billion. Turns out, Shriram was ALSO an investor in one of the venture capital firms that invested in Google in 1999, a year after Shriram invested. We’re not sure exactly which firm, because the SEC filing is vague (scroll down, and see last transaction and footnote #2). We’ve had enough experience with SEC doc’s to know that drawing conclusions can be risky. For all we know, this could be simple legal transfer from Ram’s own venture outfit, Sherpalo, to his personal account. But we’re assuming it’s Kleiner Perkins, which was previously an investor in Amazon.com, where Shriram once worked under CEO Jeff Bezos. Anyway, the filing is Shriram’s disclosure that he acquired 4,373 additional Google shares from the undisclosed venture firm (it could also be Sequoia, or even Conway’s Angel Investors). Icing on the cake.

Shriram also reported Friday the sale of 250,000 more of his Google shares, at varying prices, for a total of $43.7 million.

(And for anyone reading the post from earlier today about Sequoia, don’t be misled. Sequoia invested in Google out of a much earlier fund than either X or XI, so we can’t conclude that Shriram was an investor in Google through Sequoia.)