Yahoo! Mail
Yahoo! Mail is an email service launched in 1997 through the American parent company Yahoo!. Yahoo Mail provides four different email plans: three for personal use (Basic, Plus, and Ad Free) and another for businesses. By December 2011, Yahoo! Mail had 281 million users, making it the third largest web-based email service in the world. Since 2015 its webmail client also supports managing non-Yahoo e-mail accounts.
History of Yahoo!
While the yahoo.com domain was created in January 1995, by the end of 1994 Yahoo! had already received one million hits. Yang and Filo realized their website had massive business potential, and on March 2, 1995, Yahoo! was incorporated.
Yang and Filo sought out the advice of entrepreneur Randy Adams for a recommendation of a venture capital firm and Adams introduced them to Michael Moritz. On April 5, 1995, Michael Moritz of Sequoia Capital provided Yahoo! with two rounds of venture capital, raising approximately $3 million. On April 12, 1996, Yahoo! had its initial public offering, raising $33.8 million by selling 2.6 million shares at the opening bid of $13 each.