Joshua Schachter, an electrical and computer engineer from Carnegie Mellon University, is the mastermind behind the widely popular personal bookmarking sight: Del.icio.us or just delicious.com.
Schachter wasn’t an over night success. His first online entrepreneurial endeavor was Memepool, a simple collection of interesting links Schachter found while browsing the web. He received numerous e-mails suggesting other links, and after he had over 20,000 links, he wrote another program, Muxway. Muxway allowed Schachter to give each link a “tab” so he could sort his links and group similar sites together with ease.
He rewrote the code for Muxway and in 2003, Schachter opened up his bookmarking concept to other users and created Del.icio.us. After two years, Schachter quit his job in March 2005 to work full time on his growing project. A month later in April, he received $2 of funding to flesh out the Delicious concept. People loved the idea of being able to access links they previously stored in the “Favorites” folder from any computer with an internet connection. Schachter’s hard work paid off and in December 2005, he sold Delicious to Yahoo! for between $15 – $30Million. A selling price in the millions? That’s pretty delicious.
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