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Thursday, December 27, 2018

A Very Public Offering: The Story of theglobe.com and the First Internet Revolution



A Very Public Offering: The Story of theglobe.com and the First Internet Revolution

I have not heard of theglobe.com, so I was interested in knowing about it. This book is a wonderful read that I am glad to have squeezed in 2018. From the beginning, it is a high-octane (referred so in The Valley)of the Boom). Recently I read a story of prayas analytics one day in a Wharton and another day when I wanted to know more about it, it made for a great story of the journey and the ups and downs of entrepreneurs.
This book too is similarly gripping.

This is a very fast paced read.
I have never read of the details of a road show.
The lock up imposed by investing companies and not the SEC which prevents founders from realizing their riches.
To split or not to split the stock.
internet stock, message board culture
$8 million on marketing from the $20 million raised that round.
Coping with stress by drawing
revenue at the cost of loss
The science of valuation or the lack of it
Times of GE owning many businesses.
Interesting to hear of names like Autonation, Sunglass, WebMD. The rise of an industry.
Bowling pin strategy for  M&A.
The strategy of keeping acquired companies happy instead of mvoing head quarters and transitioning them, good moves of the company buried under the stock view.

I wished the book wouldnt end. Definitely time travel to a thrilling time of Internet and Internet business spewing everywhere.

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