Figuring Outย โขย 12m
Imagine selling your one-year-old company for $400 million! Well, that's exactly what happened with Sabeer Bhatia and Jack Smith, the founders of Hotmail. Launched in 1996, Hotmail was one of the first online email services, introduced even before Gmail and Yahoo Mail. Its good UI and UX quickly made Hotmail a hit, gaining over 8.5 million users within its first year of launch. Recognizing its potential, Microsoft purchased Hotmail in December 1997 for $400 million. At its peak, Hotmail controlled 30-40% of the worldwide email network. However, it started struggling after the launch of Yahoo Mail in 1997 and Gmail in 2004. These platforms were not only easier to use but also offered additional services, making Hotmail an interior choice. In response, Microsoft rebranded Hotmail to Outlook in 2012 and specifically targeted it for business purposes. Today, Outlook boasts over 500 million users and is part of the Microsoft 365 subscription. Did you ever use it?
Content creatorย โขย 5m
Yahoo's $2.36 trillion mistake: 1998: Google wanted to be acquired by Yahoo, so Google offered to Yahoo for $1 million, but Yahoo refused. 2002: Yahoo realized its mistake and offered to acquire Google for $3 billion, but Google demanded $5 billion
See MoreStartups/VC/techย โขย 1y
There are more than 800 VC firms in India, but do you know about India's oldest VC firm? ๐ VenturEast is often labeled as the first full-fledged VC firm founded in India. - Founded by Sarath Naru in 1997, VenturEast currently manages assets worth
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WHY YAHOO FAILED? Yahoo was started by Terry and David as an internet directory featuring top website. It was a hit, and its growth skyrocketed when Netscape integrated Yahooโs directory into its browser. This attracted advertisers, bringing ad re
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OpenAIย โขย 1y
In the early 2000s, Larry Page and Sergey Brin sought investment for Google, approaching Yahoo!, which offered a lowball $1 million for acquisition. Page and Brin rejected the offer. By 2004, Google went public and dominated search, while Yahoo! stru
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Faad Networkย โขย 9m
Meet the man who sold his company to Microsoft for 1600 CR in 18 months. 1.Born in Chandigarh (Punjab) to a banker mom and an army officer dad, Sabeer Bhatia always wanted to become an army officer. But then he was introduced to the World of scienc
See MoreI'm just a normal gu...ย โขย 2m
EV manufacturer Ather Energy is reportedly considering reducing the size of its planned IPO by at least $50 million (approximately INR 430 crore) from its earlier target of $400 million (around INR 3,460 crore), due to continued volatility in both In
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