Word: dotcomers
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Dates: during 2000-2009
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Sure, the days of the dotcom billionaires are now past, but that doesn't mean you can't start or buy your own business. Get a bank loan and open a franchise restaurant in your home town. Find some cheap, nostalgic piece of clothing you can have mass-produced in Asia, then take out a sumptuously-worded romantic ad in The New Yorker and sell the things for an 800 percent markup (if you think I'm kidding, that's how the J. Peterman catalog was started). Or, best of all, find a couple of electrical engineers who have...
...even the closest and most imaginative reading of Nostradamian Centuries or Revelatory verse could have warned Americans that their 2000 presidential election would turn from democratic contest to banana-republic farce. No horoscope foretold the rise of the dotcom companies and the creation of overnight billionaires - and if there was one that warned of the dotcom collapse it clearly was not heeded by the vast majority of investors today sitting, forlorn, on their devalued shares. That does not prevent the Internet from buzzing with Nostradamus' apparent predictions of a divided election and the rise of "the village idiot...
...important hospitality sector has been reaching out to more diverse markets?wooing international conferences with an impressive $350 million convention center, courting China's growing cadre of affluent travelers by opening a marketing office in Beijing, and seeking ever more extravagant ways to indulge the whims of dotcom millionaires from Seattle and the San Francisco Bay area...
Half got a jump-start from one of the greatest publicity coups in dotcom history. Its marketing guru talked Halfway, Ore. (pop. 345), into renaming itself Half.com Ore., in exchange for $75,000 and 22 computers. The move made national headlines and landed Kopelman on NBC's Today Show with Katie Couric. Traffic and sales soared, and by June, Half was the 18th largest e-commerce site, with 250,000 registered users. That month eBay plunked down more than $300 million in stock to buy the company...
CYBERSEAT One more reason never to get up. Oblivious to the dotcom downturn, La-Z-Boy is moving impetuously into the Internet space with the Explorer ($1,049), a new reclining chair that comes with a built-in wireless keyboard from Sony and a Microsoft WebTV receiver that accesses the Internet through your TV. If only the Explorer came with a business plan and venture capital, it would be perfect...