Case Study: How Excite’s $750K Google Rejection Became a Historic Blunder
Brief Summary In the late 1990s, web portal Excite had the chance to acquire Google’s search technology for under $1 million. Excite’s executives, however, worried that Google’s superior search would cause users to leave the Excite site faster, hurting ad revenues. Believing the new search wasn’t significantly better than their own, Excite walked away from the deal. In hindsight, this decision, essentially passing on Google, is often cited as one of the worst business mistakes in tech history. Google went on to become a trillion-dollar giant, while Excite faded into obscurity. Company Involved Excite was once a leading internet search