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Jerry Yang (entrepreneur)
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Jerry Yang in 2007
November 6, 1968 (age 46)
Los Altos Hills, California, U.S.
Founding Partner, AME Cloud Ventures.
US $ 2.1 billion (October 2014)
Akiko Yamazaki (Japanese)
This article contains Chinese text. Without proper rendering support, you may see question marks, boxes, or other symbols instead of Chinese characters.
Jerry Yang (born November 6, 1968) is a Taiwanese-born American internet entrepreneur, engineer, the co-founder and former CEO of Yahoo! Inc.
1 Early life
2 Career 2.1 1994-2012: Yahoo! years 2.1.1 Dealings in China 220.127.116.11 Alibaba
18.104.22.168 Chinese government collaboration controversies
2.1.2 Microsoft negotiations
2.1.3 Resignation as CEO to departure
2.2 AME Cloud Ventures
2.3 Board seats
3 Personal life
6 External links
Yang was born in Taipei, Taiwan on November 6, 1968, and moved to San Jose, California at the age of ten with his mother and younger brother. He claimed that despite his mother being an English teacher, he only knew one English word (shoe) on his arrival. Becoming fluent in the language in three years, he was then placed into an Advanced Placement English class.
Yang graduated from Sierramont Middle School and Piedmont Hills High School in San Jose and went on to earn a Bachelor of Science and a Master of Science in electrical engineering from Stanford University, where he was a member of Phi Kappa Psi fraternity.
Yang founded Yahoo! in 1994, served as CEO from 2007 to 2009, and left Yahoo! in 2012. He founded a venture capital firm called AME Cloud Ventures and as of 2015, serves on several corporate boards. According to Rob Solomon, a venture capitalist at Accel Partners, Yang was "a great founder, evangelist, strategist and mentor," having "created the blueprint for what is possible on the Internet." 
1994-2012: Yahoo! years
While studying at Stanford in 1994, Yang and David Filo co-created an Internet website called "Jerry and David's Guide to the World Wide Web," which consisted of a directory of other websites. As it grew in popularity they renamed it "Yahoo! Inc." and dropped out of Stanford. Yahoo! received around 100,000 unique visitors by the fall of 1994. In April 1995, YahooI received a $2 million investment from Sequoia Capital and Tim Koogle was hired as CEO, and Yang and Filo were each appointed "Chief Yahoo". Yahoo! received a second round of funding in the Fall 1995 from Reuters and Softbank. It went public in April 1996 with 49 employees. In 1999, Yang was named to the MIT Technology Review TR100 as one of the top 100 innovators in the world under the age of 35. Terry Semel replaced Koogle as CEO after the dot-com bubble crash and he served until 2007 when the rise of Google led the board to fire him and appoint Yang as interim CEO.
Dealings in China
Yang led Yahoo!'s investment in Alibaba prior to becoming CEO and served as CEO during the time when Yahoo!'s dealings with the Chinese government became controversial.
Yang met Alibaba founder Jack Ma in 1997 during Yang’s first trip to China. Ma, a government-employed tour guide and former English teacher, gave Yang a tour of the Great Wall of China. The two hit it off and discussed the growth of the Web, and Ma created Alibaba several months later. A 1997 photo of Yang and Ma at the Great Wall still hangs on the wall in Alibaba’s Hangzhou office.
In 2005, under Yang’s direction but before he took over as CEO in 2007, Yahoo! purchased a 40% stake in Alibaba for $1 billion plus the assets of Yahoo! China, valued at $700 million. In 2012, Yahoo sold a portion of its stake in Alibaba for $7.6 billion. The company made an additional $9.4 billion in Alibaba’s 2014 IPO. Eric Jackson, the founder of hedge fund Ironfire Capital, called Yahoo’s investment in Alibaba “the best investment an American company has ever made in China,” and stated, “Jerry deserves enormous credit for that.”
Chinese government collaboration controversies
In fall 2005, a month after the Alibaba investment, news broke that Yahoo! had cooperated with Chinese authorities in the arrest of Chinese journalist Shi Tao in November 2004.
Tao had used a Yahoo email address to anonymously notify a pro-democracy website in the US that the Chinese government had ordered the Chinese media not to cover the fifteenth anniversary of the Tiananmen Square Protests of 1989 on June 4. Yahoo! provided the Chinese security agencies with the IP addresses of the senders, the recipients and the time of the message. Tao was subsequently convicted for "divulging state secrets abroad."
Yang justified the action, stating: "To be doing business in China, or anywhere else in the world, we have to comply with local law[s]." Yang and Yahoo! were heavily criticized, and Reporters Without Borders called Yahoo! "a Chinese police informant".
In April 2007, Wang Xiaoning and other journalists brought a civil suit against Yahoo! for allegedly aiding and abetting the Chinese government which, it was claimed, resulted in torture that included beatings and imprisonment.
In early November 2007, Yang faced questions from a Congressional committee with respect to Yahoo!'s role in the arrests of Shi Tao and other journalists in China. During the hearings he apologized to Tao's mother, who was also at the hearing.
A week later, Yahoo! agreed to settle with affected Chinese dissidents, paying them undisclosed compensation. Yang stated, "After meeting with the families, it was clear to me what we had to do to make this right for them, for Yahoo, and for the future." That week, Yang established the Yahoo! Human Rights Fund, a fund to provide "humanitarian and legal support" to online dissidents.
In February 2008, Secretary of State Condoleezza Rice said that she raised issues about jailed Chinese journalists with her Chinese counterpart