Back
Havish Gupta
Figuring Out • 4m
ViaWeb, the Shopify of 1900s! So, in 1990s, when the world was Still trying to adapt to the internet, Paul Graham along with his 2 friends were working on something big! They were making a tool that helped people make and manage their online stores with just a web browser. This tool was Launched in 1996 as webgen and was later renamed as viaweb. It was a low code as well as no code website that helped anyone build their online stores and start selling stuff without the need of anyone. The best thing about it was that it optimised product pages automatically which helped business gain more organic reach (basically automatic SEO) But even with such a great product, it wasn't an instant hit. Thus, Paul and his team mannually emailed each of his potential customers. There by doing things that don't scale (as YC advises) And this strategy, kinda worked. As In 1997 it had about 500 users and 6 months it had 1070 paying Users. While the growth wasn't that big, Yahoo anyways aquired it for $49 Million and renamed it to Yahoo! Stores. And then, about 7 years later, Paul Graham started Y-Combinater.
Replies (2)
More like this
Recommendations from Medial
The next billionaire
Unfiltered and real ... • 7m
Topmate - The Scam. Singlehandedly ruined the image of Indian Startups last week. Here's what happened: They listed big people like Elon Musk, Paul Graham, Naval Ravikant, Mr beast on their website and promoted that as if its true. Here's the cra
See More
Binit shrestha
Believe in yourself • 1y
Paul Graham, cofounder of Y Combinator, clarified that Sam Altman was not fired from his role as president of Y Combinator in 2019. Altman chose to leave to fully commit to his position as CEO of OpenAI after OpenAI announced a shift to a "capped-pro
See More
Sanskar
Keen Learner and Exp... • 1y
Yahoo - was founded in 1994 by Jerry Yang and David Filo two graduate students but he's the thing Yahoo was never meant to be a business these two graduates just listed their favourite website in a directory and published it in the internet. Because
See More
SamCtrlPlusAltMan
•
OpenAI • 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
See More
Download the medial app to read full posts, comements and news.