What did Elon Musk’s first company Zip2 do?
Dude Changed status to publish February 8, 2022
Zip2 is a city guide that helps generate revenue for newspapers by directing clients to local businesses.
The remaining shareholding of Zip2 was bought out by AltaVista and renamed AltaVista Press. In 1999, AltaVista was acquired by Yahoo!. The result is that Musk got the majority of $34 million from the sale while he had an estimated equity stake in Zip2 of around 11%. So it would be correct to say that Elon Musk sold his first company, Zip2, for more than $10 million.
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