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Shortly after the dot.com bust of 2000-2001,kurt Huang and his roommate at Stanford, Gyuchang jun, were dismayed to find that some of their favorite web sites had begun charging a monthly subscription for access to content that had previously been free. Neither wanted to pay for a monthly subscription just to be able to access a single article or report that had caught their interest. Following in the footsteps of earlier Stanford graduate students such as Larry page and Sergey bran and David Filo and Jerry Yang, Huang and gun decided to start an e-business. Their e-business idea was to offer customers a service that enabled them to quickly and easily pay for individual items of online content –using micropayments-instead of signing up for a monthly subscription
Jun developed the micropayment software and Huang pitched their e-business idea to number of venture capitalists ,including Guy Kawasaki, managing director of garage technology ventures Kawasaki liked the e-business idea

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