Yahoo Will Invest in Hackers With Good Ideas
Yahoo is considering investing in hackers with good ideas and technologies, a company executive said on Saturday.
"We are open to many ways of having a stake in creative young companies," said Jeff Kinder, Yahoo's senior vice president for media products and solutions, on the sidelines of a Yahoo Open Hack Day in Bangalore.
The Internet company does not have a fund earmarked for this purpose, or a definite model or set of criteria for such investments, Kinder added. Hackers and Open Hack Days have proven to be important sources of new ideas and technologies for Yahoo, Kinder said. Meme, now a microblogging site, was transformed from an internal Yahoo product idea into a product on Yahoo's platform after an Open Hack Day in Brazil in late 2008.
