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Late '90s Tech - Slater

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Netscape: Jim Clark and Marc Andreessen founded Netscape in April 1994. They launched the product in October 1994 (6 months from inception). The company did $3m of sales in the first quarter of 1995 (11 months) and $12m the second quarter (14 months). The company went public in June 1995 (15 months), at about a $2.9B market cap. Netscape did $346m of sales in ‘96 (32 months) and $533m in ‘97 (44 months). AOL announced that it would buy the company in November 1998 (4 years and 7 months) for $4.2B worth of stock. Yahoo: “Jerry’s Guide to the World Wide Web” launched in January 1994. In January 1995 (12 months), it had about 100k daily active users; by February 1996 (25 months), it had 6 million daily actives. The company IPOed in April 1996 (28 months), at a market cap of $850m. Revenue was $1.4m in 1995, $19.7m in 1996, and $70.4m in 1997. Sequoia Capital invested $1 million for 25% in April 1995, a stake that would have been worth $8 billion by early 1999. eBay: Pierre Omidyar coded u

Late '90s Tech September 2023. Late '90s Internet companies grew incredibly quickly. For example: Netscape : Jim Clark and Marc Andreessen founded Netscape in April 1994. They launched the product in October 1994 (6 months from inception). The company did $ 3m of sales in the first quarter of 1995 (11 months) and $ 12m the second quarter (14 months). The company went public in June 1995 (15 months), at about a $ 2.9B market cap. Netscape did $ 346m of sales in '96 (32 months) and $ 533m in '97 (44 months). AOL announced that it would buy the company in November 1998 (4 years and 7 months) for

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