Few journeys in the world of open source have been as exciting as Mozilla's. Its birth was dramatic. Netscape, the pioneering company whose Netscape Navigator browser shaped the early Web, had enjoyed the most successful IPO up until then, valuing the 18-month-year-old company at nearly $3 billion. That was in 1995. Three years later, the company was in freefall, as the browser wars took their toll, and Microsoft continued to gain market share with its Internet Explorer, launched alongside Windows 95. Netscape's response was bold and unprecedented. On January 27, 1998, it announced that it was making the source code for the next generation of its web browser freely available under a GPL-like license.