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...would take nearly three hours to get there. With the aid of a map and binoculars, we finally located an empty 80-ft.-wide crescent covered with soft, salmon-colored sand. No other boat or person was in sight. Once we had anchored, our daughters made a mad dash for the upper deck in what would be the first of innumerable shrieking rides down the slide into clear 80[degree] water. Though the bow of the boat was wedged securely on sand, the water off the stern was 12 ft. deep, ideal for swimming and diving...

Author: /time Magazine | Title: Families: Be Admiral Of Your Own Houseboat | 12/4/2000 | See Source »

Dressed in familiar baggy jeans and a baseball cap, corporate CEO Darien Dash is preaching the gospel of the Web to a crowd of teens at the Alexander Hamilton housing projects in Paterson, N.J. Knowing that for many of these kids the closest model of financial success is the local drug dealer, this 29-year-old dotcom entrepreneur speaks to them in language he knows they understand. "The new hustle," declares Dash, "is technology...

Author: /time Magazine | Title: The Multimillion-Dollar Dash | 12/4/2000 | See Source »

...past six years, Dash's life has been all hustle--a constant struggle to make it in the New Economy. Last year he became the first African American to take a dotcom public. The mission of his DME Interactive Holdings Inc., based in New York City, is to help urban youth join the technology revolution by providing them with hardware at a cost they can afford--and make some money for himself and his investors in the process...

Author: /time Magazine | Title: The Multimillion-Dollar Dash | 12/4/2000 | See Source »

...original business plan was two pronged. First, it would offer business-to-business Internet services, including the development of e-commerce sites. Next, it would help minority consumers get connected and create website content targeted at them. Then reality caused Dash to change course quickly. Before he could sell the consumers websites, Dash needed to go back a step: turns out that a lot of inner-city African Americans still didn't own computers. So DME's new goal became filling that need by selling low-cost computers in the urban marketplace, in effect acting as general contractor...

Author: /time Magazine | Title: The Multimillion-Dollar Dash | 12/4/2000 | See Source »

...venture capitalists, however, weren't buying into Dash's new vision, leading him to seek his capital elsewhere. In June of last year, DME acquired an ailing auto-leasing company called Pride Automotive, which gave him some old-economy collateral--good enough to raise $1 million through an investment bank...

Author: /time Magazine | Title: The Multimillion-Dollar Dash | 12/4/2000 | See Source »

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