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Xoom (web hosting)
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==Funding== The company was funded by a former [[Lycos]] executive who had previously started Creative Multimedia (Portland, OR), Aris Multimedia (Marina del Rey, CA) and Point Communications (New York, NY), and angel investors who invested a total of $10M in common stock. No venture capital was raised and the company went public in December 1998 (ticker symbol: ''XMCM''). Around that time, it was ranked as the 13th most popular site on the web by [[Media Metrix]]. In May 1999, a deal was announced to use Xoom.com as a vehicle for NBC's internet ventures, that combined Snap.com (owned by CNET and NBC), and various NBC internet assets plus $400M of NBC on-air promotion to form [[NBCi|NBC Internet (NBCi)]]. At that time, the combined entity was ranked as the 7th most popular site on the web by Media Metrix.
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