<P> He has been the founder and president of EEE.com, building custom Internet web solutions . </P> <P> Smith came up with the idea for anonymous web - based email in 1995, and worked with Sabeer Bhatia, his colleague at Apple, to found the company . The company opened on July 4, 1996 with Smith as its Chief Technology Officer . </P> <P> In December 1997, Bhatia sold Hotmail to Microsoft for a reported $400 million . </P> <P> Smith went on to co-found Akamba Corporation and work as its CEO . </P>

Who co-founded hotmail and then sold it to microsoft