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Synopsis
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, Steph’s name became synonymous with the market mania of the late 1990s after his record setting IPO. This fascinating book is the 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, the book reveals the personal and professional motivations that inspired Steph 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. It is an 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.
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About the Author
STEPHAN PATERNOT was born in 1974 to a Swiss/French father and American mother. He grew up in Switzerland, the United Kingdom and briefly the United States for the first eighteen years of his life. In 1992, he moved to America to attend Cornell University where he earned an Engineering Bachelor's degree in Computer Science. In 1994, while still a Junior in college he cofounded one of the first internet community sites, theglobe.com. By age 24 Paternot set stock market history when he successfully took theglobe.com public with a record setting IPO pushing his company valuation to over $1 Billion. In his six years as CEO, he raised nearly $200 million in capital and grew the enterprise to over 300 employees. His Company was frequently ranked as one of the top thirty sites in the world with over 17 million monthly users. In 1999 Stephan won the Ernst & Young Entrepreneur of the Year Award.
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