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Paul Graham

Yahoo buys Viaweb

7 Jun, 1998

Yahoo issues 455,000 common shares in exchange for Viaweb, valuing the deal around $49 million. Viaweb now has 21 full-time employees at its Cambridge, Mass., headquarters. Graham says it was an early prototype for today’s startups:

The reason we know that it’s possible to start a start-up with about $10,000 and someone to help with the paperwork is because that’s exactly what we had.