This is the story of two young men who were among the first to perceive the Internet opportunity. They started a company, became multimillionaires, and then saw much of it slip away. In this book such stories are beginning to sound familiar, and yet remain surprising and even fantastic.

Starting from Cornell

Todd Krizelman, a biology major from San Francisco, and Stephan Paternot, a computer sciences major from Switzerland, discovered chat rooms while undergraduates at Cornell University in 1994. They believed these chat rooms had many uses and would become popular. In their junior year of college they borrowed $15,000 from friends and family, and designed a Web site that had all the available tools for building Web “communities,” ...

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