CRITICAL Path embodied the Internet boom. Its wild-haired founder, David Hayden, saw the future of e-mail early on, raising US$40 million in venture funding to fill a former chocolate factory in San Francisco with engineers.
It had no profit and less than US$1 million in revenue, yet it raised almost US$600 million in a year. Its shares started out at US$24 and rose to US$150 in a month, fuelling a US$1.8 billion acquisition binge.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!