Yahoo! For Yahoo!

There has been a lot of discussion in the past week about “How Yahoo Got Its Mojo Back,” as Om Malik puts it. Some go even as far to say that “Yahoo is the new Google. Google is the new Yahoo.”

I wouldn’t go that far in discounting Google, but I do claim that Yahoo has been unfairly passed over in the past year. I say “Yahoo!” to Yahoo! for making strides when others weren’t looking.

While Google was busy soaking in the riches and hype from its IPO, Yahoo bas been busy catching up in developing a competitive AdSense product: rounding out its own API, and upgrading its free e-mail product. More importantly, the company has been quick to recognize the value of the Incremental Web. Incorporating RSS feeds into my.yahoo was a momumental first step. More recently, the acquisition of Flickr and the beta launch of Yahoo360 demonstrate that the company is forward thinking about the internet’s transition to an incremental user-generated content medium. As a media company, Yahoo is placing a solid stake in the ground.

If all of the above is true, it surely hasn’t been recognized in the stock prices. Paul Kedrosky wonders when the stock price pairing of the two companies will diverge. I agree. The question becomes – when will Wall Street realize that their darling Google has an older brother Yahoo that’s flexing its muscle?

David Beisel

David Beisel is a co-founder and Partner at NextView Ventures. He has been focused on early stage Internet startups his entire career, both as an entrepreneur and venture capitalist. As an investor in the digital media space, David was most recently a Vice President at Venrock and previously a Principal at Masthead Venture Partners. Prior to becoming a venture capitalist, David co-founded Sombasa Media, an e-mail marketing company best known for its flagship product BargainDog. Sombasa was successfully acquired by About.com where David served as Vice President of Marketing. David holds an MBA from the Stanford Graduate School of Business and an AB in Economics, magna cum laude and Phi Beta Kappa, from Duke University. He also founded and leads the Boston Innovators Group, an organization which holds quarterly entrepreneur events drawing a thousand attendees.

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