1/11/2024 0 Comments Jerry yangIt was also 62% higher than the company's market value. This was a hell of a deal, as Yahoo! was already falling behind Google at this point. Back in 2008, Microsoft offered to buy Yahoo! for a whopping $44.6 billion. Jerry was later celebrated for making "the best investment an American company has ever made in China."īut not all of Jerry's decisions can be described as intelligent. As if that wasn't good enough, the company raked in $9.4 million in additional funds from Alibaba's IPO in 2014. Yahoo! then sold its stake for $7.6 billion just seven years later. He also made some pretty smart investments through the company, purchasing a 40% stake in Alibaba back in 2005 for $1 billion. Yahoo! was not Jerry's only focus, however. It was at this point Yang stepped in to serve as the interim CEO. Things didn't get much better after Google completely wiped Yahoo! off the digital map, resulting in Semmel being fired. Unfortunately, the dot-com bubble crash dampened the mood significantly, and Yahoo! was forced to replace Tim Koogle with Terry Semmel as the new CEO. By 1996, the company had gone public.ĭuring this period, Yang was singled out for praise by MIT Technology Review TR100 as one of the top innovators under the age of 35. He was later credited for creating "the blueprint for what is possible on the internet." The site was started while he and Filo were still in college, although it was initially called "Jerry and David's Guide to the World Wide Web." As it became more popular, it was renamed "Yahoo!" By the fall of 1994, it was attracting 100,000 unique visitors, and it was receiving seven-figure investments from various figures. In 1994, Yang and Filo founded Yahoo! From 2007 to 2009, Jerry served as CEO of the company before leaving in 2012. During this period, he met David Filo, with whom he would eventually create Yahoo! The pair went on a student exchange program to Japan together during their college years, and Jerry met his future wife during this trip. He earned both degrees in just four years. His mother was a professor of English and drama at the time, but she was only able to teach Yang one word before taking him to the United States: "shoe." However, Yang later adopted the name "Jerry" and became highly fluent within just three years.Īfter graduating from high school, Jerry attended Stanford University, where he earned a Bachelor of Science and a Master of Science in electrical engineering. In 1978, the family relocated to San Jose, California. He was raised mostly by his mother, as his father passed away when he was just two. Yang Chih-Yuan was born on November 6th of 1968 in Taipei, Taiwan.
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