What's this? This is an unbiased just-the-facts news summary about Paul Graham. To see the full newsline, click the red tabs below. Love news? Become a contributor now!

7 Jun, 1998

Yahoo buys Viaweb

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.

0 0 votes

Article Rating

Change email alert

Frequency

Create email alert

Frequency