Originally published at: http://boingboing.net/2017/08/25/interview-with-wired-founder-l.html
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“…by 1998 it was about this bubble that was starting, the dot-com bubble. I’m writing about a week in January 1998, which is to me when revolution turned into the orgy of the dot-com bubble and six lives who were on that edge and how they are dealing with their ambitions and optimism and ideals and the reality that’s coming down on them.”
I moved to Si valley in 1997, and witnessed some of the crazy. Oracle – my first employer – changed its name to oracle.com for a while, even though it wasn’t huge on Internet or web stuff. I got lucky and ended up in a company that closed its Foster City office and moved us up to the Portland burbs.
The working startup myth at the time:
- Drive to San Mateo. Shake a tree until a venture capitalist falls out.
- While he’s still dazed from the impact, tell him about your idea and sign a deal.
- Work your ass off, for Diet Coke and stock options. Get your product out the door.
- Get ready to go public.
- Hold the IPO. Stock options become stock.
- Come out with version two.
- Get noticed. Get bought out by a big player.
- Work for another year or so, watching things get less fun and more corporate.
- Leave. Sell a chunk of stock.
- Drive to San Mateo.
- Climb a tree.
- Wait.
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