History of netscape series#

In 1994, Netscape had SSL version 1.0 ready, but it never made a public debut as it had several significant security flaws. Netscape began development of the SSL protocol shortly after the National Center for Supercomputing Applications ( NCSA) released the first web browser, Mosaic 1.0, in 1993. It all started when Taher Elgamal, an Egyptian cryptographer who was also the chief scientist at Netscape Communications, drove the development of the Secure Sockets Layer (SSL) internet protocol. One of the things that made the internet revolution possible was a security protocol that allowed people to do novel things like buying books online using a secure payment. At the time, few realized how the internet and the information space named World Wide Webwould change the lives of people forever. In July of 1995, with just a few clicks, a computer programmer ordered the first book ever sold by an online bookstore named after a river in South America called the Amazon. You can also share your feedback with us on Twitter. If you think we missed an important fact (or didnРІР‚в„ўt get something quite right), please let us know.

History of netscape series#

This is the second blog in a series of posts featuring information on fascinating historical events in cybersecurity. Each month featuresР’В dates when significant events in cybersecurityР’В occurred.

In fact, we built a History of Cybersecurity 2019 CalendarР’В to share our research. Facebook seems in some ways as tenuous as Netscape, in others as sturdy as Google.As people who live and breathe cybersecurity, at Exabeam weРІР‚в„ўre naturally fascinated by its history. It is the eternal question with start-ups. For those who held on for a few years, it proved a very good deal. But it immediately jumped $15 for a valuation of $23 billion.

Shares were pricedР”Р„t $85, somewhat less than expected because of a public relations misstep or two. Google was a much more established company, and the management successfully brought in the public through a bidding technique known as a Dutch auction.

The company struggled and lost against Microsoft. The legend of Netscape has lasted much longer than its signature browser. On their tube socks and Megadeth T-shirts and kept going.РІР‚Сњ РІР‚СљSome people went out and bought $2,000 suits and started dressing up nice. РІР‚СљYou just had perma-smile,РІР‚Сњ one former Netscapee told Fortune.

The stock was priced to open at $28 but there were so many orders it was immediately bid up, closing that first day at $58. РІР‚СљNo one wanted to tell their grandchildren that they missed out on this one.РІР‚Сњ Getting shares of Netscape РІР‚Сљwas a trophy, the thing you had to get to be able to talk at cocktail parties,РІР‚Сњ the banker Frank Quattrone said in a 2005 oral history of Netscape in Fortune magazine. It was an idea thatР”Р‡ueled the dotcom boom - and, once investors caught on, the dotcom bust. Netscape created the notion that you could cash out before you built a sustainable business. Microsoft was in business for over a decade before its I.P.O., Netscape a mere 16 months. Sure, entrepreneurs and venture capitalists had made tons of money off tech before, but never NetscapeРІР‚в„ўs debut, which occurred when Mark Zuckerberg was all of 11, was a signal event in Silicon Valley history. to come out of Silicon Valley, history will judge itР”Р„s less creative than the Google offering in 2004, and certainly less world-shaking than when Netscape first sold its shares in 1995. But while Facebook may be by far the biggest I.P.O. Daniel Deme/European Pressphoto Agency GoogleРІР‚в„ўs I.P.O., priced at $85, was relatively sedate, in part because it was a well-established company.Р”Р‡acebookРІР‚в„ўs initial public offering has been looming over the tech landscape for what feels like forever.