The quintessential story of the American dream played out in the late 1990s market mania In the volatile, fast-paced Internet industry, you can go from being a hero to losing it all in a nanosecond. Stephan Paternot knows this all too well. The poster child for Internet excess, his name became synonymous with the market mania of the late 1990s. This fascinating book is the inspirational story of how one man's wildest dreams came true as well as the dramatic chronicling of the inception and evolution of an entire industry. Packed with behind-the-scenes details and little known facts, the book reveals the personal and professional motivations that inspired Paternot to found theglobe.com with partner Todd Krizelman at the age of twenty. Theglobe.com marked the beginning of enthusiastic funding, the high-flying stock prices, and incredible IPOs. A Very Public Offering is a positive, inspirational account of a dream that survived the birth and maturation of an industry. It is a riveting narrative that is part adventure story, part romance, and part documentary of an era that business will never experience again. Stephan Paternot (New York, NY) cofounded theglobe.com in 1994, the company that would be the first to experience IPO euphoria, setting off the outrageous stock and valuation phenomena that followed in the industry. The company has been ranked a top fifty site worldwide by MediaMetrix and has accumulated $30 million in revenues in 2000. Andrew Essex (New York, NY) is the articles editor for Details magazine and continues to publish articles in the New Yorker, Harper's, Elle, Details, Rolling Stone, and the New York Times.
Stephan Paternot is co-founder & CEO of Slated, the world’s first online film finance marketplace. Powered by machine-learning analytics, over 1,200 listed films have received over $1.25 billion in investor introductions as of 2018. Over half of this year’s Sundance Film Festival selections and Oscar nominated films were made by Slated members in producing, directing, and writing roles. Stephan is also co-founder of PalmStar, a film production and financing company started in 2004 which has produced and financed 30+ films including HEREDITARY (2018), JOHN WICK (2014), COLLATERAL BEAUTY (2016) and SING STREET (2016). Stephan is also the founder and general partner of the Actarus Funds. Founded in 2002, these angel funds have backed such companies as LendingClub, SecondMarket, Indiegogo, AngelList, Digital Currency Group, and many more.
Prior to this he co-founded one of the first Internet community sites, theglobe.com in 1994. The company set stock market history when it went public in 1998 with a record setting IPO pushing the company valuation to over $1 billion. Over a six-year span the company grew to over 300 employees with the website becoming one of the top thirty most trafficked sites in the world with nearly 10% of all internet users visiting the site monthly. In 1999 Stephan won the Ernst & Young Entrepreneur of the Year Award and in 2001 published “A Very Public Offering”, a non-fiction business book detailing his experience at theglobe.com. Before founding the company Stephan attended Cornell University where he earned a Bachelor’s degree in Computer Science. Born in Palo Alto, Stephan spent his formative years in Switzerland and the U.K. before moving to New York City and Los Angeles.
A story of the idea, creation, and journey of theglobe.com Only just started today, but I have to say that Paternot's story is written in a style that I feel that I am living it. Plus, it doesn't hurt that I know some of the characters in the book.