Part 3/8:
Despite the excitement surrounding the Internet, securing investment during 1995 proved to be a formidable challenge. Many investors remained entrenched in traditional package software models and were skeptical about the viability of Internet-based solutions. The brothers faced a grim reality: despite their innovative idea, they struggled to secure funding even in the booming tech scene of Silicon Valley.
As the situation grew increasingly dire, the decision was made—one of the brothers relocated to Silicon Valley to pursue the business full time, while the other pivoted his academic path and opted against a PhD to focus on their startup. This commitment became the cornerstone of their entrepreneurial journey.