Goin' Dot Com! - The Musical
The Bubble Era:
In the early 1870's, two guys named Alexander Graham Bell (friends called him 'Al') and Elisha Gray (friends called him 'Mr. Gray') fought over the patent to the telephone.
Wait! That's too far back…
In December 1901, Guglielmo Marconi transmitted a wireless signal…
Wait! That's still too far back…
In 1969, the US Department of Defense established ARPANET, the precursor to the Internet…
Come on! Just get on with it already…
On August 9th 1995, a small technology company called Netscape Communications sold shares in an Initial Public Offering (IPO). The fledgling software company had developed a technology that could enable billions of consumers, but it still lacked meaningful distribution channels, a track record of profits, consistent cash-flow figures and a credible customer base. Furthermore, no one, not even the omniscient securities analysts, knew what being online really meant in financial terms. The word "Spam," still only referred to a canned meat of dubious origin. And, at the time of Netscape's IPO, the financial implications of the Internet's business space were as mysterious as the meaning of "pork shoulder."
But Netscape did sell two things, potential and promise, and that manifested itself from Wall Street to Silicon Valley. Entrepreneurs, technologists, individual investors (day traders!), investment banks, marketers and the media all converged to fuel the era. The Dot Com boom was not a fad, but a certifiable phenomenon.
It seemed that millionaires were being created as fast as web pages could be posted. People traded in their chef's apron, packaged goods sales jobs and associate partner titles for positions named "New Media Business Development Director," "Content Services Group Manager" and "Marketing Evangelist." WebVan hired away so many UPS drivers by offering stock options that the established delivery company had concerns about a momentary employment crisis. Those who kept their traditional jobs were impacted as well. They were stuck in traffic jams, confronted by exploding real estate costs, crowded restaurants and a relentless assault of media images. Jeff Bezos, Amazon.com's CEO, was Time Magazine's 1999 "Man of the Year;" a distinction achieved without ever having led his company to one quarter of profits.
Some Stats of "The Boom:"
Some Stats of "The Bust:"
Beyond "The Bust:"