Word: tetzchner
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Dates: during 2001-2001
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...worthwhile download," wrote the computer and technology website cnet. The latest version, Opera 5.0 was downloaded 2 million times in the first month after its release in December. Not bad for a young Norwegian upstart competing in "a fairly tough market," as Opera founder and ceo Jon S. von Tetzchner understates...
...Opera began in 1994 as a research project at Telenor, Norway's phone company, where Von Tetzchner and colleague Geir Ivarsoey were trying to develop software for the newly popular Internet. They wrote the first browser software while still at Telenor, but the company wasn't interested in pursuing the project. So the duo formed Opera and rented space from the phone company's research labs...
...profitable in 1998, because of its expansion it ran a $450,000 loss last year on turnover of $2.2 million. Remarkably, Opera didn't receive any venture capital funding until last year. "Potential investors would come to us, but we're happy we didn't go with them," Von Tetzchner says. "For a small company with five employees they would have taken over, dug a grave and we'd be dead...
...being smaller and faster than products offered by Microsoft and Netscape. Opera suffered a setback earlier this year when Finnish phone giant Nokia signed an agreement with Netscape. "We work hard to get these deals but recognize that sometimes we'll get them and sometimes we won't," Von Tetzchner says.?For many telecommunications firms, size matters: potential partners wonder whether a company as small as Opera can handle a client as big as Nokia. "Companies like Ericsson were naturally concerned about the size of the company and whether we would be able to handle problems," he says...