Word: dotcomers
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Dates: during 2000-2009
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Maha Hermes spends a lot of time thinking about her future these days. A casualty of another dotcom debacle, the 33-year-old event planner lost her job last month. She was disappointed, of course, and worried about when she would find another position. But among her first concerns was figuring out what to do with her retirement savings. She has plenty of company: more than 400,000 workers have been fired since the beginning of January, and the layoffs keep piling...
...career path that captures the essence of post-bubble Japan, it is "failed real estate speculator." During the '80s and early '90s, real estate speculation had been the frothy center of Japan's double-espresso economy, with developers and brokers becoming that era's version of the more recent dotcom billionaires. Speculators like Joji Obara were the heroes of Japan's go-go era, driving their Bentleys and Rolls Royces, living in their mansions, dating their exotic blond girlfriends. This was the period, remember, when Japan was going to take over the world. Men like Joji Obara cast themselves...
...spawned its own U.S. Senator (Maria Cantwell, the famous 50th Democrat and a former Real Jukebox product manager). All I'd have to do was look hard enough among the foosball tables and Odwalla juice fridges of this former cannery building. The place looked like someone had taken a dotcom start-up and stretched the ceiling five times...
...small East Coast Internet company had just returned from a meeting in Asia last year with representatives of a nation unfriendly to the U.S. when he got a call from the CIA. The Internet executive had worked in other parts of the Federal Government before his jump to the dotcom world and knew that the agency is always interested in gathering what it can from Americans who travel abroad. So he agreed to meet the CIA officer and describe what he had seen and heard on his trip. "I do this because I and the people at my company...
Imagine that a baby-faced 26-year-old comes knocking at your door, looking for money. He's living out of his car in Houston, and he wants $100 million for a dotcom to do something not even the Library of Congress has done--put 50,000 scholarly books online. "The venture capitalists just looked at me and laughed," says Troy Williams...