Word: healtheon
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Dates: during 1999-1999
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Clark went on to found Silicon Graphics, Netscape and Healtheon, creating three multibillion-dollar companies. (So far.) I learned about Veblen--and loads about Clark--in Michael Lewis' new book, The New New Thing: A Silicon Valley Story (Norton; $25.95). It's a superb book and explains how engineers are the greatest creators of wealth in history and why Silicon Valley is the center of the universe (and how Clark came to be the center of the Valley). I tend to dislike most nonfiction, since so many writers approach their work as if they were doing the reader a favor...
...starting Silicon Graphics to sell workstations with the chip. That's where Clark honed his distaste for venture capitalists, whom he saw as stealing his enterprise and putting it in the hands of managers. Clark never let that happen again, keeping control when he got financing for Netscape and Healtheon...
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