Netscape

Developed enterprise software solutions
Startup Cemetery
GENERAL INFORMATION
Category:
Productivity
Country:
United States
Started:
1994
BUSINESS FAILURE
Outcome:
Shut Down
Cause:
Poor Product
Closed:
2008
FOUNDERS & EMPLOYEES
Number of Founders:
3
Name of Founders:
James Clark, Jon Mittelhauser, Marc Andreessen
Number of Employees:
5,000-10,000
FUNDING
Number of Funding Rounds:
1
Total Funding Amount:
No Data
Number of Investors:
1

What was Netscape?

Netscape, or more precisely, Netscape Navigator, was one of the most significant internet applications in the history of the web. It was launched by Marc Andreessen and Jim Clark. Having built a highly innovative product and having no real competition back in 1995, the company was evaluated at $3 billion since the first day it went public and would go on to become one of the backbones to the Mozilla project.

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Why did Netscape fail and shut down?

Despite its early success, Netscape had no real chance to beat Microsoft who released IE 1.0 soon after Netscape and continued to improve on it until they finally took over Netscape and were able to offer a consistently better product than their counterpart.

Netscape eventually became obsolete for the most part but was, however, acquired by AOL in November 1998 for $4.2 billion. After the acquisition, the company tried again to release upgraded versions of the browser but the battle seemed to have already been won by Microsoft. Netscape finally decided to outsource their code which would later give rise to Firefox. AOL finally shut down Netscape in 2008.

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