Elon Musk First Company Zip2
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Zip2 originally named global link was the first company created by elon musk.
Elon musk first company zip2. Teaming up with his younger brother kimbal musk who is now a restaurateur and agricultural entrepreneur. In collaboration with his brother kimbal he launched a web software company named zip2 with 28 thousand of their dads money in 1995. It evolved over time to become both a larger and more effective company and to be largely wrestled out of elon musks hands.
Zip2 was elon musk s first company and it sold for 307 million in 1999. This achievement was phenomenal given the fact that internet was it in its early stages. How many clients did musks first business obtain in 2 years.
Musk and his younger brother kimbal musk founded the company in palo alto. Initially global link provided local businesses with an internet presence but later began to assist newspapers in designing online city guides before being purchased by compaq computer in 1999. In 1995 musk quit graduate school at stanford university to co found an internet startup.
How musks first business grew revenues for legendary businesses. Elon musk might be the only person in the world whose biggest failure in life made him a millionaire. Despite musks inauspicious start in the professional world in 1999 he sold his first company zip2 to compaq for roughly 300 million.
Zip2 was a company that provided and licensed online city guide software to newspapers. Starting with the development and marketing of an internet city guide for a newspaper publishing industry he received contracts from chicago turbine and the new york times. It provided a searchable business directory that could be described as an internet version of the yellow pages telephone directory with maps included which it later made available to online newspapers.
He started zip2 after his experience applying to netscape. That first company went on to become zip2 a web software startup that created online city guides for newspapers. The company was founded in palo alto california as global link information network in 1995 by brothers elon and kimbal musk and greg kouri.
Youll be surprised to hear that within a span of 2 years around 160 newspapers partnered with zip2. An online city guide zip2 was soon providing content for the new websites of both the new york times and. For most people that would be the high point of a lifetime but musk looks back on the experience with frustration and disappointment.
Zip2 former american technology company 199599 that was the first enterprise founded by elon musk.
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