What Can We Learn From The Sale of The Yahoo! Startup Business8:10 AM
Verizon Buys Yahoo for $5 Billion! What's the future for Yahoo CEO Marissa Mayer? Now Yahoo Shar...
Verizon Buys Yahoo for $5 Billion! What's the future for Yahoo CEO Marissa Mayer? Now Yahoo Shareholders Want to Know What Happens With Their Alibaba Stake. Actually Yahoo sold for $ 4.8 to Verizon!
Founded in 1994 by Jerry Yang and David Filo, Yahoo! was the great case of success of the internet in the late 90 's and early 2000. In those glory days, the company's market value reached $ 125 billion.
To give you an idea what that represents, the Uber, for example, is worth today about $ 65 billion.
The history of Yahoo! is full of successes and failures. And maybe the biggest mistake of the company has been the one made by the vast majority of entrepreneurs: think the company is a closed universe in itself and be oblivious to trends and opportunities that happen around.
Proof of that was the refusal of Yahoo! in buying Google when the company was worth only some 1,000,000. And the worst: there was another opportunity, years later, that that would be the materialization of his collapse in the future, but the Yahoo! not moved on again.
In addition to Google, the company had in its hands the opportunity to buy YouTube and lead the expansion of video on the internet. But closed in herself again and don't saw the opportunities in the market.
When he decided to make a market, however, the company ended up destroying a promising internet business: Flickr.
The list of companies promising that Yahoo! bought and ruined is long and includes the GeoCities, third largest in number of site hits in 1999 and the grandfather of any social network.
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With the growth of competitors Yahoo! went into decline, losing value and relevance slowly.
In 2008 Microsoft made an onslaught and tried to buy the company for $ 44 billion. But Yahoo! 's Board rejected the offer because she thought the value was too low.
Today Verizon, which has already bought another internet giant in decline – AOL – announced the purchase of Yahoo! for $ 4.8 billion.
But not only of bad times is made the history of Yahoo!. Over the past few years the directors of the company separated the company's internet services division that invests in interests in other businesses.
With that, even after the sale of the company to Verizon, Yahoo! is still worth $ 40 billion for being 15% owner of Chinese giant Alibaba and by a considerable participation on Yahoo! Japan.
The trajectory of Yahoo! teaches that:As much as you to be innovative and to become the market leader, be alert to the emergence of new companies and new products. Google, YouTube and Facebook, for example, did not exist when Yahoo! was founded.
Work constantly on the evolution of your product. The generation that knew the Yahoo! in 1994, for example, is completely different from dominating social networks today.
Be aware of your reaction capacity in a time of crisis. Understand the time to stop the losses is of great importance for every company.
Have an overview of the market. Close-in yourself is to give space for other build in your backyard. Nobody is so good that you can't improve.
You need to interact with other players in the market, just like we do in Power Class, exclusive event to 30 entrepreneurs, with photo in the exchange of experiences with successful entrepreneurs.
Yahoo has been looking for years to cash in on its investments without paying a huge tax bill. Verizon Buys Yahoo for $5 Billion!
Yahoo shareholders may be left betting on how quickly, if at all, the former web pioneer can cash in on its multi-billion dollar stakes in two Asian peers after Monday’s deal to sell its core internet assets to Verizon Communications.
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