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executive who had previously started
Creative Multimedia (Portland, OR), Aris Multimedia (Marina del Rey, CA) and Point Communications (New York, NY), and angel investors who invested a total of $ 10M in common stock. No venture capital was raised and the company went public in December 1998 (ticker
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hosting website. The company acquired several small service providers in 1997 and 1998, including
Paralogic, creator of ParaChat, which was the largest chat network on the web at the time, and PageCount, a
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the Xoom software platform and business model in 1998 led to an
Italian website, xoom.it, which is still in operation and owned by
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Xoom was both criticized and praised for its strict policies on violations of terms of service. A short-lived experiment in
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service. The main revenue sources for the company were direct marketing via email to members and banner advertising.
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and a productivity suite including a word-processing application, centering on a word processor based on
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Xoom was founded by Chris Kitze in
September 1996 as a download website offering free
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In March 1997, Xoom became a web hosting (offering 100 MB) and an
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349:"XOOM.com Inc. (Daily Double) May 3, 1999"
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