In 1996, Global Link received US$3 million in investments from Mohr Davidow Ventures and officially changed its name to Zip2. Davidow Ventures changed the fundamental strategy of Zip2 from localised direct to business sales to instead selling national back end software packages to newspapers to build their own directories.

Jan 4, 2025 · In February 1999, Compaq Computer acquired Zip2 for $307 million in cash. The sale marked Musk's first major business success, laying the foundation for his future ventures and establishing him as a notable figure in the tech industry.

6 days ago · In 1999 Compaq Computer Corp. purchased Zip2 for $307 million, and Zip2 became a unit of the search engine AltaVista, which Compaq had recently acquired. Zip2’s online city guides added local breadth to AltaVista’s features.

Jun 16, 2022 · Zip2, the serial entrepreneur’s first venture, sold for $307 million in 1999, earning Musk $22 million for his 7% share of the company when he was only 27-years-old.

Oct 21, 2024 · Zip2, which was founded by Elon Musk in 1996, no longer exists in its original form. It was acquired by Compaq in 1999 and subsequently sold to a number of other companies.

Feb 17, 1999 · In an effort to make its Internet search engine, Altavista, more competitive with rivals like Yahoo, Lycos and Excite, the Compaq Computer Corporation announced yesterday that it had acquired...

Jan 2, 2025 · Zip2 was sold to Compaq Computer Corporation in 1999 for $307 million, netting Musk $22 million for his 7% share at the age of 27. The creation of Zip2 showcased Musk's early vision for the potential of the internet.

Jan 9, 2025 · Explore the fascinating Elon Musk Zip2 Story, detailing his journey from a small startup to a $307 million sale. Discover the challenges and triumphs that shaped his entrepreneurial spirit!

Jun 19, 2018 · That first company went on to become Zip2, a web software startup that created online city guides for newspapers. Musk and his younger brother, Kimbal Musk, founded the …

Jun 8, 2020 · Key Takeaways Zip2, co-founded by Elon Musk, has been sold to Compaq for $307 million. The software company specializes in developing location-based software for newspapers. The acquisition marks a significant milestone in Elon Musk’s entrepreneurial journey.