Word: dotcomism
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...Media Age, a British trade magazine, named Schoolsnet its 2000 Start-up of the Year, and funding has been problem-free, even in the dismal dotcom climate. So what's Hadfield doing with his off-line wealth? His answer: there's not much of it. DMGT paid only something in the "mid-six figures" for Soccernet. (In 1999, Disney paid $25 million for 60% of the site and bought the rest a year later for an undisclosed sum.) While Hadfield's Soccernet stake was valued at about $11 million in a financing round last April, that's just paper wealth...
...boutiques that can. Says Mime Troupe playwright Joan Holden: "It's been a David-and-Goliath knock-down, drag-out fight--the people against city hall." In the November election, the battleground was competing ballot propositions. Prop L, advanced by artists and activists, would have protected artists' spaces from dotcom takeovers, while Mayor Willie Brown's Prop K would have set less stringent limits on new office development. Both propositions lost--L by a razor-thin margin. But the people may be gaining the upper hand. In December's district runoff elections, the 11-member board of supervisors swerved sharply...
...area south of Market Street, where funkiness has given way to flash, symbolized by the brand-new baseball stadium and the dozens of upscale eateries, hotels and condominiums that surround it. The changes are even more nakedly apparent in the Mission District, ground zero in the war between entrepreneurs--dotcom and otherwise--and the artists, community activists and working people, many of them Latinos, who have lived there for decades. Increasingly, standard-issue low riders and banged-up Toyotas are being edged out by Volvos and SUVs. Over on Mission Street, Foreign Cinema, a limo-flanked, chichi restaurant that opened...
They may have lost millions of dollars for investors and helped foment the market downturn, but dotcom dropouts are in demand on the speakers' circuit. The phones are ringing for executives from Internet losers such as Yahoo and Priceline.com--if they dump their success stories and share their woes. "In the past we didn't bring up failure. Now we make it a highlight of speeches," says Michelle Lemmons-Poscente, head of the International Speakers Bureau, based in Dallas. "The best way to learn is by someone else's failures, and if there's drama involved, all the better...
...some estimates, as many as 250 incubators sprang up around Europe in the dotcom boom. Through mergers or natural attrition, as few as 10 could go the distance in the next phase of the New Economy. Reinvention, it seems, is the key to survival: at bainlab, the incubator division of consultants Bain & Company, the focus has expanded from simply incubating small companies to include consulting work and due diligence for other venture capitalists looking to invest. The talk too is of corporate ventures - helping those strong Old Economy firms that have outlasted the first Internet wave find their feet online...