Tech Brew Ride Home (IHP) TheGlobe.com Saga Part III
Jan 1, 2024
Stephan Paternot, an entrepreneur and author of "A Very Public Offering," shares his rollercoaster journey with TheGlobe.com. He discusses the emotional challenges of crisis moments, including personal struggles intertwined with business hardships. Paternot reflects on identity crises post-entrepreneurship and the need for reinvention. He also dives into the evolution of the internet and its impact on tech, while addressing new opportunities in the film industry through Slated, highlighting innovation in connecting filmmakers with investors.
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Crypto Disconnect
- Disconnect between crypto's utility and perceived value.
- Crypto's potential is real, but mass adoption is premature.
TheGlobe.com's Decline
- Stephan Paternot sensed TheGlobe.com's decline as acquisitions increased but revenue barely grew.
- His father's cancer diagnosis compounded this feeling of impending doom for the internet.
Resignation
- Stephan and Todd considered hiring a more experienced CEO but the board disagreed.
- Internal issues and a sense of impending doom led them to resign in January 2000.
