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How Netscape lives on: 30 years of shaping the web, open source, and business
Netscape, the browser that launched the web revolution, was a cultural phenomenon. While the company is long gone, it helped create today's tech world.
Silicon Valley has had a business culture all its own since the 1930s when Bill Hewlett and Dave Packard became friends at Stanford University and founded HP in a rented garage in Palo Alto, California. This dramatic IPO demonstrated enormous fortunes that could be made on the internet, attracting massive investor interest in tech companies. The Federal Reserve's raising interest rates in 1999 and 2000 restricted cash flow, making debt financing more expensive, so investors started to move money out of speculative tech stocks.
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