Yahoo is allowing for investing in hackers with good thoughts and technologies, a corporation executive said.

"We are open to a lot of ways of having a chance in imaginative young corporations," said Jeff Kinder, Yahoo's senior vice president for media products and clarifications, on minor of a Yahoo Open Hack Day in Bangalore. The Internet Corporation does not have a fund allocate for this reason, or a definite model or set of criteria for such investments, Kinder added.

Hackers and Open Hack Days enclose incorrigible to be significant sources of new thoughts and technologies for Yahoo, Kinder said. Meme, now a micro blogging site, was changed from an interior Yahoo product thought into a product on Yahoo's platform after an Open Hack Day in Brazil in late 2008.

When the APIs (application programming interfaces) for Meme on YQL (Yahoo Query Language) were unlocked up for hackers at Open Hack Day in Brazil, the developers built tools to assist derive more worth out of Meme. "In brief, developer society actually helped us build this product to what it is today, thanks to Open Hack Day," a Yahoo spokesman said.