Musk made millions from the sale of Zip2 from "summary" of Elon Musk by Ashlee Vance
Elon Musk hit pay dirt in 1999 when he sold Zip2, his start-up software company, for a whopping $307 million. Musk had founded Zip2 in 1996 with his brother Kimbal, with the goal of creating online city guides for newspapers. The company quickly grew in popularity, attracting major clients like The New York Times and Hearst Corporation. Musk's ability to strike deals and build relationships with clients played a crucial role in Zip2's success. Despite the company's rapid growth, Musk faced numerous challenges along the way. He clashed with his co-founders over the direction of the company and ultimately decided to sell Zip2. The sale was a major turning point in Musk's career, catapulting him into the ranks of Silicon Valley's elite. The windfall from the sale of Zip2 gave Musk the financial resources to pursue his next venture, X. com, an online payment company that w...
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