Live Web cast April 11, 2000, 1 p.m. ET
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When looking for the ultimate Internet success story, many think of Yahoo! and the Web site’s co-founder Jerry Yang.
The Future of the Internet
Back in 1994, Yang and partner David Filo were two unknown graduate students at Stanford University who -- according to company legend -- preferred surfing the Web over finishing up their doctoral dissertations in electrical engineering.
Yang and Filo began catologuing Internet sites as a way to keep track of what they'd found. They posted their list on the Web, where it became a popular jumping-off point for Internet users. Soon after, they developed a search engine to find specific material, and Yahoo! was born.
Their guide has grown dramatically since then. Today, roughly 120 million people use Yahoo! each month, making it one of the most popular portals online. The company’s ever-expanding services include e-mail, interactive chats, audio and video streaming and online store hosting. Based in Santa Clara, California, Yahoo! boasts of offices on four continents and more than 2,000 employees.
Yahoo! has also made its young founders -- known in company lingo as the "chief Yahoos” -- very, very rich. Last year, Fortune magazine estimated Yang's personal net worth at $3.1 billion. He was just 30-years-old.
Yang was born in Taiwan and raised in San Jose, Calif. He never finished his Ph.D., but he has two other degrees from Stanford, an M.S. and a B.S. in electrical engineering.
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