| Yahoo! Inc. | |
|---|---|
 | |
| Type | Public (NASDAQ: YHOO) |
| Founded | Santa Clara, California (March 1, 1995) |
| Headquarters | 701 First Avenue Sunnyvale, California, USA |
| Key people | Roy J. Bostock, Chairman Jerry Yang, Co-founder, CEO David Filo, Co-founder Susan Decker, President |
| Industry | Internet, computer software |
| Products | (See list of Yahoo! products) |
| Revenue | ▲$7.22 billion USD (2008)[1] |
| Operating income | ▲$1.03 billion USD (2008)[2] |
| Employees | 13,800 (April 22, 2008) |
| Website | www.yahoo.com |
Early history (1994-1996)
In January 1994, Jerry Yang and David Filo were Electrical Engineering graduate students at Stanford University. In April 1994, "Jerry's Guide to the World Wide Web" was renamed "Yahoo!". Filo and Yang said they selected the name because they liked the word's general definition, which comes from Gulliver's Travels by Jonathan Swift: "rude, unsophisticated, uncouth." Its URL was akebono.stanford.edu/yahoo.[8]
By the end of 1994, Yahoo! had already received one million hits. The Yahoo! domain was created on January 18, 1995.[9] Yang and Filo realized their website had massive business potential, and on March 1, 1995, Yahoo! was incorporated.[10] On April 5, 1995, Michael Moritz of Sequoia Capital provided Yahoo! with two rounds of venture capital, raising approximately $3 million.[11][12] On April 12, 1996, Yahoo! had its initial public offering, raising $33.8 million dollars, by selling 2.6 million shares at $13 each.
"Yahoo" had already been trademarked for barbecue sauce (and knives (by EBSCO Industries)). Therefore, in order to get the trademark, Yang and Filo added the exclamation mark to the name.
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