In January 1994, Jerry Yang and David Filo were Electrical Engineering graduate students at Stanford University. In April 1994, "Jerry's Guide to the World Wide Web" was renamed "Yahoo!". Filo and Yang said they selected the name because they liked the word's general definition, which comes from Gulliver's Travels by Jonathan Swift: "rude, unsophisticated, uncouth." However, a swimming coach of the senior producer of Yahoo! said it was because the senior producer ran around the pool screaming "YAHOO!" Its URL was akebono.stanford.edu/yahoo.[11]By the end of 1994, Yahoo! had already received one million hits. Yang and Filo realized their website had massive business potential, and on 1 March 1995, Yahoo! was incorporated.[12] On April 5, 1995, Sequoia Capital provided Yahoo! with two rounds of venture capital.[13] On 12 April 1996, Yahoo! had its initial public offering, raising $33.8 million dollars, by selling 2.6 million shares at $13 each.
"Yahoo" had already been trademarked for barbecue sauce (and knives (by EBSCO Industries)). Therefore, in order to get the trademark, Yang and Filo added the exclamation mark to the name.[14]
More information about Yahoo!: here
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