Word: foundered
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Dates: during 1990-1999
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...smart guys in Silicon Valley, whose condescension toward AOL has risen in direct proportion to its embrace by the public, have never considered the company a serious technology player. "America Online has built an exceptional franchise on a technology base that could charitably be called dated," says Roger McNamee, founder of the high-tech investment firm Integral Partners. "It has been difficult for its partners to work with, and for AOL itself to maintain." How can the company possibly hope to compete in the corporate networking market if its own network is held together with Scotch tape and baling wire...
...thank-you e-mail. And Amazon will hunt down any title you can't find, even out-of-print books, with the friendly zealousness of a small-town Midwesterner giving you directions to the doughnut shop. "Word of mouth is incredibly powerful online," explains Jeffrey Bezos, 34, Amazon's founder and CEO. "A dissatisfied customer can tell 1,000 people in a few minutes." Scott Ehrens, a managing director at Bear Stearns, says Amazon "understands how to treat customers better than anyone else...
RICHARD BRANSON writing about Pan Am founder Juan Trippe is a little cheeky on our part, given that Trippe was a renegade who took on the entire industry for the right to create cheaper fares, while Branson, founder of Virgin Airlines, is a renegade who...well, you get the idea. Branson is probably the most colorful tycoon of his generation, with a penchant for starting new businesses and crash-landing balloons...
Henry Luce, the founder of this magazine, is to me a towering figure of this century because he understood these two strands: the value of a citizenry that shared a common ground of information, but also the individual empowerment that comes from new ways of disseminating ideas. That is one reason we wrestled (trying to ignore our own conflict of interest) with putting him on this list. Though he didn't get on in the end, his spirit permeates this issue and the entire TIME 100 series, which is guided by another of his principles: telling the history...
...Internet browser known as Netscape Navigator 1.0 was launched, and the world--or at least the World Wide Web--changed with the click of a mouse. Within four months 75% of all Net users were peering at the Web through the window of the Netscape browser. Netscape's co-founder Marc Andreessen and his band of brainy programmers grabbed the world's fastest-growing market despite an entrenched competitor: NSCA Mosaic, the breakthrough browser Andreessen himself had helped write as a student at the University of Illinois...