Closing Books on Dot-Coms
Fallen upstart geniuses of the “new economy” are writing memoirs, trying to distance themselves from huge equity losses.
Los Angeles Times, February 1, 2002
Christine Frey, Times Staff Writer
Like a modern-day Dickens, Stephan Paternot witnessed the best and worst of times.
A year after graduating from Cornell in 1996, the co-founder of Web site Theglobe.com was worth nearly $100 million. His company’s stock set a Wall Street record when it jumped 606% in its first day of public trading. At 24, he became emblematic of the cocky boy geniuses using the World Wide Web to change the rules of business, media and life itself.