The Hotmail was the first free email service available on the site. It was founded in the year 1995 and released on July 4, 1996, by Knower Bhatia and Jack Smith, two graduate students from Stanford University in California, USA.
At first, he wrote HoTMail, because his capital letters made reference to the acronym HTML, which are part of the language used in the creation of Web pages.
Origins makes Hotmail
The possibility that people can communicate through emails without being able to be detected, for example, Apple computers, which was a great idea. Its founders needed only a few months to concretize it and so revolutionize the market. A simple, secure and free e-mail system was brought to life, which could be accessed from any computer that has the Internet.
The initial investment required was 300,000 dollars. After many meetings with potential investors, without success, one day they met Steve Juvertson; He is a renowned businessman and CEO of the venture investment firm Draper Fisher Juvertson.
This investor contributed the necessary capital in exchange for the 15%, the benefits that the new company would obtain. Bhatia and Smith accepted and gave origin to their project. About a year after its launch on the market, more than 4 million people were already users and had their email accounts.
This proves that the world was being revolutionized because communications and ways of receiving and obtaining information were evolving rapidly. For this reason, its founders knew that companies that dared to invest to help expand the scope and limits of the Web would lead the Internet.
Selling Hotmail email to Microsoft
Bhatia and Smith were aware of the potential of their company and the great importance they had to carry and always mark the front.
After 6 months of Hotmail market without competitors, appears for the first time Yahoo! Which, at that time, was the best online search directory. This motivated to maximize the 6 months of exclusivity with those who had and began negotiations with Microsoft, as Bill Gates had shown interest in Hotmail a few months earlier.
By the end of the year 1997 Hotmail already had 6 million of users, and its founders, after several business meetings to reach a purchase and sale agreement, could not reach an agreement.
On December 31, 1997, Microsoft bought Hotmail for $400 million, which is equivalent to 2,769,148 shares of Microsoft, figure that, for many, exceeds expectations. For this date, and Hotmail had 9 million users and would continue to grow without a doubt. Today it has an approximation of 360 million users around the world and is available in more than 36 languages.
Hotmail, the new acquisition of Microsoft
Many were changes, both in appearance and functional, which presented Hotmail from 1997. His first big change came when they launched MSN Hotmail, which brought the opportunity for instant messaging through the WEB. Then they were updated to Windows Live Hotmail and, in August 2012, the company decided to renew it and rename it to Outlook.com.
What are the advantages of using or switching to Hotmail?
Without a doubt, despite the various options that offer e-mail services, Hotmail was the pioneer and is one of the best in the world. During its 20 years of existence in the market has presented several changes that have forced it to reinvent itself and stay up to the demands of users, which go far beyond sending and receiving e-mails immediately.
Its new modern design allows users to connect and synchronize their accounts with Facebook, Twitter and Skype. In the same way, the work is efficient with Office and OneDrive as a storage service in the cloud, which makes it one of the most used tools for the internal communication of the companies.
Allows you to manage and share calendar information. It also has a function of search and filtering of spam and of a mobile access, that allows to manipulate everything that is related to his e-mail from the cellular one. As for the security aspects, creating a Hotmail account is very simple, so its use in general lines, is considered friendly for both technology specialists and those who are not.