Elon muskLater in 1995, Musk, his brother Kimbal, and Greg Kouri borrowed funds from Musk's father and founded Zip2.[21] The company developed an Internet city guide with maps, directions, yellow pages, and marketed it to newspapers.[41] They worked at a small rented office in Palo Alto,[42] with Musk coding the website in every night.[42] Eventually, Zip2 obtained contracts with The New York Times and the Chicago Tribune.[43][unreliable source?] The brothers persuaded the board of directors to abandon a merger with CitySearch,[44] however, Musk's attempts to become CEO himself were thwarted.[45] Compaq acquired Zip2 for $307 million in cash in February 1999,[46][47] and Musk received $22 million for his 7-percent share.[48]
