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At this point, the best thing Mozilla Corp. has going for it is that it is not a publicly traded company, because if it was, its stock would be getting slaughtered. The company’s CEO, Mitchell Baker, recently departed, and recent reports put its share of the browser market in the low single digits.

But Mozilla is no stranger to challenges. It was born into adversity, launched after the collapse of Netscape Communications in 2003. As one of its last acts, Netscape open-sourced the code for its eponymous browser. The Mozilla Foundation was formed to take up the project abandoned by Netscape and create a new, modern browser. And it did so with Microsoft owning virtually the entire browser space by that point.

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