Word: dotcomism
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...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...
...weekly knock 'em down drag show packs in gays and straights alike. Others make do by spinning at cheesy chain eateries, where deejays provide little more than background noise. O.K., so it's not always glamorous. But, says Chulada, a sly grin creasing his boyish face: "Unlike the dotcom guys, we still have our jobs...
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...
Conventional wisdom now holds that such failures were not only expected but welcome. Kozmo was yet another dotcom, in the ignominious tradition of Pets.com, eToys.com, and ifilm.com, that thought it could make more of a business out of the web than was really possible. Investors are now loathe to touch any stock whose name ends in .com, and the prevailing opinion is that such failures have been a cathartic experience for the technology industry. In a few years, the industry will be healthy and robust again, precisely because no one is wasting time and money founding companies with names like...
...Right now, we’re in the dark ages of the Internet era. Many of the dotcom pioneers, like Kozmo, are dead, with others like Napster currently crippled by the combined weights of the legal system and the music industry. Nevertheless, these companies, despite their flawed business models and execution, proved beyond argument consumer demand for Internet-enabled services, especially those that catered to people’s desire for immediate gratification. New entrants into these markets may not receive the tens of millions of dollars in venture capital funding that Napster and Kozmo got, but they might...