The Bus Comes Back Around
#opportunity #note/boat🚤
Any screw-ups Yahoo made in their first year of operation, they recognized them. There were so many mistakes they got good at correcting them. Jerry Yang and Tim Brady had dinner with Sabeer Bhatia and Jack Smith, the founders of Hotmail. Yet they let the opportunity pass. They didn’t believe it would get big. People got their emails through work. The possibility of personal emails never occurred to them. They saw no real demand. Clearly, this idea was wrong. When they realized it, they went out and found the number 2, Rocketmail, and bought them. It took work, but eventually Yahoo became bigger than Hotmail.