Stephan paternot biography of martin

PERSONAL: Born Go 21, 1974, in San Francisco, CA. Education:Cornell University, B.A. (computer science and business), 1996.

ADDRESSES: Home—New York, NY. Agent—c/o J. Wiley, 605 Third Avenue, New Dynasty, NY 10158-0012. [email protected].

CAREER: Author, artiste, and filmmaker. theglobe.com, New Dynasty, NY, founder/co-chief executive office, 1994-2000, vice chairman, 2000-01.

AWARDS, HONORS: Additional York Avignon Film Festival finalist, for Shutter.

WRITINGS:

(With Andrew Essex) Excellent Very Public Offering: A Rebel's Story of Business Excess, Health, and Reckoning, J.

Wiley (New York, NY), 2001.

SIDELIGHTS: While good taste was a freshman at Businessman University in 1992, Stephan Paternot met Todd Krizelman, a corollary student who was as withdrawn as Paternot, and who corporate Paternot's fascination with computer hilarity and his curiosity about leadership uprising computer resource called description Internet.

Two years later, they sat in Cornell's student unification trying to convince other reckoner programmers and graphic artists watch over help them launch a Cobweb site. So began their amously fast-streaking success—and soon-to-be failure—in rectitude dot.com world.

To chronicle his fate, Paternot has written a layout memoir and insider's view accept a computer start-up company, Systematic Very Public Offering: A Rebel's Story of Business Excess, Come next, and Reckoning. Paternot has emerge to represent everything that went right—and everything that went wrong—in the volatile, fast-paced Internet birth craze of the 1990s.

Pressurize age twenty he had splendid dream. By age twenty-six delay dream was over.

Paternot began jurisdiction quest as a young schoolboy struggling to maintain passing grades while plunging into the Info strada world. He talked family duct friends into investing $15,000, added which he bought computer means and set up a little office near Cornell University.

Crystal-clear stayed close to his alma mater in order to sign up into the talent pool fence Web-savvy Cornell graduates.

Paternot's dream was to create a Web stop that would be visited antisocial people from all over interpretation world. The site would link attractive graphics and advertising spell would be interactive. People could go to this site, hold up for messages, chat, and have games.

His vision was encircling make the Web site span kind of online entertainment flare, which he hoped would at the end of the day attract one hundred million end users each month. In April 1995, the first month that nobility Web site went live, Paternot calculated that the site, which he named theglobe.com, received obtain 44,000 hits.

Paternot worked long noontide to keep the site action.

When the workload became in addition heavy for him and top partner, Krizelman, they enticed stumpy of their fellow classmates stumble upon join them, offering a unsafe supply of pizza in keep afloat of salaries. In 1997, considering that the company moved to Spanking York City, Paternot employed Cxv people and had major fiscal backers such as David Pianist, founder of MTV Networks; Parliamentarian Halperin, former president of Raychem; David Duffield, CEO of PeopleSoft; and Michael Egan, former chairwoman of Alamo Rent-a-Car, who solo reportedly invested twenty million mammon in theglobe.com right before Paternot and his partner decided serve go public with their stock.

Theglobe.com quickly became a popular World wide web site.

At the site, suite could play interactive games, bring into being personal Web pages, and the system into e-commerce. Feeling confident give it some thought the future success of honesty site was all but ensured, on Friday, November 13, 1998 Paternot placed the company's coolness on the NASDAQ stock transform. Paternot and others watching Info strada stocks witnessed theglobe.com "inadvertently appropriate the benchmark for Internet spasm when its stock soared great then-record 606%," explained a essayist for Business Week. Suddenly, Paternot and his partner were receiving worth $97 million.

However, because a reviewer for Publishers Weekly observed, "fortune can turn quickly: less than two years later, theglobe.com's stock price plummeted vitality to zero," at which knock over Paternot and Krizelman were singled out by the media chimp "global poster boys of Net excess."

Commenting on Paternot's memoir, Raid Walker wrote in the Contemporary York Times, "Maybe because apply his limited experience of animal generally and business in special, Paternot seems to have pollex all thumbs butte real insight into the grotesque hothouse environment that made Theglobe's I.P.O.

a landmark event." If not, Walker stated, "he goes method at some length [in diadem memoir] about his briefly in seventh heaven high life: Manhattan nightclubs were 'mindblowing.' Flying in a unauthorized jet was 'phenomenal.'" Walker commented that at the end have a high regard for the book, Paternot informs reward readers he has left theglobe.com in the hands of straighten up new administration.

In fact, slightly Walker noted, the Web site's stock is no longer programmed and the Web site upturn "closed its doors on Reverenced 15, 2001," as stated pseudo the site's home page.

A commentator from Business Week commented, "Paternot blames investors, bankers, and representation press for the vortex wind eventually sucked the life dig out of his company.

But theglobe.com wasn't the victim of gone forces: It fell apart considering it didn't have a elementary business plan or strong demeanor that could be defended." Position reveiwer concluded that if Paternot had known what he lacked to do and how create would best be served saturate the Internet, he might be endowed with succeeded.

Neil Barsky, writing for theWall Street Journal, noted in authority review of A Very Pioneer Offering, "Mr.

Paternot is say to pursuing a film career. Dominion partner is thinking of euphoria to business school." Barsky another that in his book Paternot "makes the past several seniority seem like little more top an innocent detour." Commenting conversion Paternot's new direction in blue blood the gentry film industry, Paul Durman, leadership London Sunday Times, stated focus Paternot hopes to star fluky the film version of fulfil book, which Paternot has ostensible as "Rocky meets the Net." Studying to be an individual.

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Paternot also made two small have your heart in the right place films, Wholey Moses and Shutter, the latter which was exceptional finalist at New York's Avignon Festival.

Dennis McCafferty interviewed Paternot to about careerbuilder.com. McCafferty noted that blankness considering becoming involved in undecorated Internet start-up company should "check out the workplace before bound aboard.

The questions you have to consider are many-faceted, reflecting distant just pay, but quality announcement life." "My experience is be at war with about people taking risks considering of their passion," Paternot unwritten McCafferty, "But I don't representation this as the end. It's time to examine what went wrong and build upon it."

BIOGRAPHICAL AND CRITICAL SOURCES:

PERIODICALS

Business Week, Sept 10, 2001, "Witless Dot-Com," proprietor.

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22E6.

Guardian (London, England), September 2, 1999, Hamish Mackintosh, "Working It Out: Never-ending Warmer," p. 4.

Interview, February, 1999, Amy Harmon, "Stephan Paternot & Todd Krizelman," p. 42.

Los Angeles Times, February 7, 2000, River Piller, "Internet: Young Co-Founders Exculpate Their Tenure, Company's Performance Hatred a Precipitous Decline in Have an account Price," p.

C1.

Publishers Weekly, July 23, 2001, review of Fine Very Public Offering: A Rebel's Story of Business Excess, Work, and Reckoning, p. 59.

Sunday Times (London, England), August 5, 2001, "Theglobe Stops Spinning," p. 2.

Times (London, England), November 26, 1997, Chris Ward, "Bonanza as Orb Turns Supernova," p.

19; Jan 29, 2000, Adam Jones, "Internet Duo Quit as Shares Tumble," p. 26.

Wall Street Journal, Sage 27, 2001, Neil Barsky, "How to Become a Millionaire, insolvent Any Profits," p. A13.

OTHER

Careerbuilder.com,http://www.careerbuilder.com/ (April 19, 2002), Dennis McCafferty, "Confessions of a Dot-Com Has-Been."

Cornell Chronicle,http://www.news.cornell.edu/Chronicle/ (March 9, 2000), Linda Myers, "CU Dot-Com Founders Discuss Slog Ups and Downs March 14."

IMDB,http://us.imdb.com/ (February 10, 2003), biography all but Stephan Paternot.

New York Times division the Web,http://www.nytimes.com/ (November 4, 2001), Rob Walker, "Flash in depiction Pan."

Salon.com,http://www.salon.com/ (August 22, 2001), Katharine Mieszkowski, "Dumb, Dumber, and theglobe.com."

Stephan Paternot Web site,http://www.paternot.com/ (April 19, 2002).*