Yahoo!

eGroups

eGroups.com was an email list management web site. The site allowed users to create their own mailing lists, and allow others to sign up for membership on the list. The web site provided archives of the messages as well as list management functionality. Each group also had a shared calendar, file space, group chat, and a simple database.

The company originally started by Scott Hassan in January of 1997 as an email archiving service called FindMail. Carl Page joined part time in May 1997. In December of 1997, Scott decided to add the ability to host free mailing lists and called the new product MakeList.com. Martin Roscheisen joined as CEO in March 1998. Makelist.com quickly grew to 250,000 users before taking funding of $810K from Atlas Venture in May 1998. The post-money valuation was set at $4.5M. In June 1998, the company was renamed to eGroups.com. In October of 1998 with 1.2 million users (growing at 12,000 users per day), the company had an offer on the table from Excite for $40M but decided to take $5.1M more investment money from Sequoia Capital.

In November 1999, Onelist and eGroups merged and started work on going public. The combined company was called eGroups.com with 13 million users exchanging more than 1.3 billion email messages per month. In January 2000, the company raised another $42M and filed a S1 with the SEC in March 23, 2000.

 http://www.sec.gov/Archives/edgar/data/1105102/0000950149-00-000584.txt

In August 2000 with 18M users, the company was purchased by Yahoo! for $432M in a stock deal and became part of Yahoo! Groups.

 http://docs.yahoo.com/docs/pr/release588.html

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