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Jerry Yang

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Jerry Yang is a prominent computer programmer and internet entrepreneur. He is best known as the co-founder of Yahoo! Inc. Yang is also a successful venture capitalist. A venture capitalist is someone who provides money to new companies. He currently works as a founding partner at AME Cloud Ventures. His work has helped shape how people use the internet today.

Yang was born in Taipei, Taiwan, on November 6, 1968. His mother was a professor of English and drama. His father passed away when Yang was only two years old. In 1978, his mother moved the family to San Jose, California. When he first arrived, Yang only knew one English word: "shoe." He worked hard to learn the language. He became fluent in English in about three years. He later attended Stanford University. He earned both a Bachelor of Science and a Master of Science in electrical engineering.

In 1994, Yang and David Filo began a new project at Stanford. They created a website called "Jerry and David's Guide to the World Wide Web." This site acted as a directory for other websites. As more people used it, they renamed the company Yahoo! Inc. By the fall of 1994, the site had 100,000 unique visitors. In April 1995, Sequoia Capital invested $2 million into the company. Tim Koogle was hired as the first CEO. Yang and Filo were given the title "Chief Yahoo." The company went public in April 1996 with 49 employees.

Yang made a very significant investment in the company Alibaba. In 1997, Yang traveled to China and met Jack Ma. Ma was a tour guide who showed Yang the Great Wall of China. The two men discussed the future growth of the web. In 2005, Yahoo! purchased a 40% stake in Alibaba. This cost $1 billion plus the assets of Yahoo! China. In 2012, Yahoo! sold a portion of that stake for $7.6 billion. The company earned another $9.4 billion during Alibaba's 2014 IPO. This is considered one of the best investments made by an American company in China.

Yang's career also included difficult legal and ethical challenges. In 2005, news reported that Yahoo! cooperated with Chinese authorities. This cooperation helped the arrest of a journalist named Shi Tao. Shi Tao had used a Yahoo email to share information. Yahoo! provided IP addresses to Chinese security agencies. Yang stated that the company had to comply with local laws. This led to heavy criticism from groups like Reporters Without Borders. Yang later apologized to Shi Tao's mother during a Congressional hearing. He also established the Yahoo! Human Rights Fund to support online dissidents.

In 2008, Microsoft tried to buy Yahoo! for $44.6 billion. This offer was a 62% premium over Yahoo!'s market value. The negotiations were very difficult. Yang did not want to sell the company. Because the deal failed, Yahoo!'s stock price dropped significantly. This led to criticism from investors and several lawsuits. Yang eventually stepped down as CEO in 2009. He left Yahoo! entirely in January 2012. After leaving, he focused on AME Cloud Ventures. The name "Ame" means "rain" in Japanese. His firm has funded more than 50 startups, including Zoom and Evernote.

Yang and his wife, Akiko Yamazaki, are also known for philanthropy. Philanthropy is the act of donating money to help others. In 2007, they gave $75 million to Stanford University. This money helped build a research building focused on sustainability. They also donated $25 million to the Asian Art Museum of San Francisco. This was the largest donation in the museum's history. In 2021, Yang helped co-found The Asian American Foundation. This is a $250 million initiative. It works to address racism and provide services to Asian Americans and Pacific Islanders.

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