On election night, Schmidt is among the celebrities -- including Oprah Winfrey -- at Obama's victory rally in Chicago.
A YouTube video posted on the president-elect's website, Change.gov, introducing members of the technology transition group.
Later that week, Schmidt is named an economic adviser to Obama's transition staff, and Obama continues to rely on Googlers during his presidential transition: The president-elect appoints Andrew McLaughlin, who helps Google's Political Action Committee raise over $200,000 for Obama's campaign, to run the President's technology transition group.
Rumors swirl that Schmidt is on deck for a formal role in the administration, but he denies them. Instead, he will later accept a place on the President's Council of Advisors on Science and Technology.
NEXT: Jan. 20, 2009: Party like it's 2009