Yahoo is considering investing in hackers with good ideas and technologies, a company executive said on Saturday.
"We are open to many ways of having a stake in creative young companies," said Jeff Kinder, Yahoo's senior vice president for media products and solutions, on the sidelines of a Yahoo Open Hack Day in Bangalore. Hackers and Open Hack Days have proven to be important sources of new ideas and technologies for Yahoo, Kinder said.
Starting as an internal event for Yahoo developers, Hack Days were later extended to developers in a number of locations including London, Brazil, Taiwan, and Bangalore. Open Hack Days also help Yahoo get feedback on its new APIs (application programming interfaces) and technologies.