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Yahoo! Started off as a student hobby and has gradually
developed into a global brand that has changed the way people
communicate with each other. The two founders of Yahoo!,
David Filo and Jerry Yang, Ph.D. students of Electrical
Engineering at Stanford University started their guide in
a campus trailer in February 1994 as a way to keep track
of their personal interests on the Internet. Before long
they were spending more time on their home-brewed lists
of favorite links than on their doctoral dissertations.
Eventually, Jerry and David's lists became too long and
unwieldy, and they broke them out into categories. When
the categories became too full, they developed subcategories
... and the core concept behind Yahoo! was conceived.
The Web site started out as "Jerry and David's Guide
to the World Wide Web" but eventually received a new
alias with the help of a dictionary. The name Yahoo! is
an acronym for "Yet another Hierarchical Officious
Oracle," but Filo and Yang insist they selected the
name because they liked the general definition of a yahoo:
"rude, unsophisticated, and uncouth."
Jerry and David were not alone in wanting a single hub
to find useful Web sites. Soon enough, hundreds of people
were accessing their guide from well beyond the Stanford
trailer. Word spread from friends to what quickly became
a significant, loyal audience throughout the closely-knit
Internet community. Yahoo! celebrated its first million-hit
day in the fall of 1994, translating to almost 100 thousand
unique visitors.
In April 1995, Sequoia Capital agreed to invest in Yahoo
with an initial investment of nearly $2 million!
Today, Yahoo! Inc. is a leading global Internet communications,
commerce and Media Company that offers a comprehensive branded
network of services to more than 345 million individuals
each month worldwide, topping second after google, with
a share of 28.8%.
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