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What happened to Yahoo

I just finished reading an article by Paul Graham (founder of  Viaweb aka. Yahoo! Store) on the downfall of Yahoo, and how it went from being one of the brightest lights on the Internet to a company that has now been declining in power and influence for years.

When I went to work for Yahoo after they bought our startup in 1998, it felt like the center of the world. It was supposed to be the next big thing. It was supposed to be what Google turned out to be.

What went wrong? The problems that hosed Yahoo go back a long time, practically to the beginning of the company. They were already very visible when I got there in 1998. Yahoo had two problems Google didn’t: easy money, and ambivalence about being a technology company.

Read the full article on What happened to Yahoo.

Perhaps his biggest pointer for technology startups is that they can’t afford not to have a hacker centric culture, which in his opinion is one of the many factors that had an important part to play in the downfall of Yahoo. For anyone interested in technology (or the tech business in general), his article is definitely a must-read.

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