I know its an old news but i came across it once again and wanted to share it with you all who dont know...
Sabeer Bhatia founded Hotmail
Biography
Sabeer was born in Chandigarh, India, and was schooled at the St. Joseph's Boys' High School in Bangalore. He started his undergraduate education at the Birla Institute of Technology & Science, BITS, Pilani and transferred to Caltech after two years at BITS. After graduating from Caltech, Sabeer went to Stanford to pursue his MS in Electrical Engineering. At Stanford, he worked on Ultra Low Power VLSI Design.
It was at Stanford, that he was bitten by the "entrepreneurship" bug. He attended many a brown bag lunch to hear entrepreneurs such as Steve Jobs and Scott McNealy. These lunches inspired him to become one himself. Instead of pursuing a PhD after his Masters, he joined Apple computer.
Founding Hotmail
After a brief stint at Apple, Sabeer joined a startup called Firepower Systems Inc, where he spent two years. At this point, Sabeer started working on new ideas on the Internet, which instinctively knew was going to become universally used. Sabeer teamed up with his partner Jack to explore different ideas. One of the earlier ones was a web-based database idea called Javasoft. While pursuing this idea, the two of them hit upon the idea to create a web-based e-mail system which they would call Hotmail. In order to get big fast (GBF), they decided to give the service away for free and make money by way of advertising. They were able to raise a small sum of $300k from Draper Fisher Ventures which later became Draper Fisher Jurvetson. They launched the service on July 4, 1996 and in less than six months grew to over 1 million subscribers. At this point, they knew that they were on to something big. Sure enough, Microsoft took notice when their subscriber base crossed 7 million. On December 30th., 1997, they sold Hotmail to Microsoft for a reported sum of $400M. This acquisition started the Dot-com craze that lasted 2 1/2 years.
After the Hotmail acquisition, Bhatia worked at Microsoft for about a year and in April 1999, he left to start another venture, Arzoo Inc, which was shut down when the Dot-com bubble burst. In 2006 he relaunched Arzoo at http://www.arzoo.com as a travel portal.
Currently he has started a new venture called BlogEverywhere http://www.blogeverywhere.com with co-founders Shiraz Kanga (cut-off in the above picture) and Viraf Zack.
He latest passion is to build a new city in India called Nano city at www.nanocity.in. In Nanocity, he aims to replicate the vibrance and eco-system of innovation found in Silicon Valley.