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These are the user uploaded subtitles that are being translated: 1 00:00:08,941 --> 00:00:14,614 2 00:00:18,550 --> 00:00:23,489 [typing] 3 00:00:36,469 --> 00:00:42,709 4 00:00:53,220 --> 00:00:55,335 GUMBEL: I guess I was doing that little tease. 5 00:00:55,369 --> 00:00:58,162 That little mark with the "a" and then the ring around it. 6 00:00:58,187 --> 00:00:59,097 At. 7 00:00:59,139 --> 00:01:00,808 GUMBEL: See, that's what I said. 8 00:01:00,841 --> 00:01:02,844 Katie said she thought it was about. 9 00:01:02,869 --> 00:01:04,197 - COURIC: Yeah. - Oh. 10 00:01:04,238 --> 00:01:06,432 - GUMBEL: But I've never heard it said. - COURIC: Or around. 11 00:01:06,457 --> 00:01:08,791 GUMBEL: I've seen the mark but never heard it said. 12 00:01:08,816 --> 00:01:11,421 And then it sounded stupid when I said it @NBC. 13 00:01:11,718 --> 00:01:13,888 What is Internet anyway? 14 00:01:13,937 --> 00:01:15,922 COURIC: Massive computer network. 15 00:01:15,956 --> 00:01:17,323 GUMBEL: What do you, write to it like mail? 16 00:01:17,356 --> 00:01:20,105 COURIC: Allison, can you explain what Internet is? 17 00:01:20,175 --> 00:01:24,332 PATERNOT: The Internet back in '94 was cans with a string. 18 00:01:24,410 --> 00:01:25,759 Nobody knew what the web was, 19 00:01:25,799 --> 00:01:30,376 and there very, very incarnations of something called browsers. 20 00:01:30,475 --> 00:01:33,357 ANDREESSEN: They still really have zero concept of what Netscape is. 21 00:01:33,405 --> 00:01:35,030 BARKSDALE: They don't even know what the Internet is. 22 00:01:35,169 --> 00:01:38,647 ANDREESSEN: They don't even know the Internet is the Internet. 23 00:01:41,304 --> 00:01:43,796 BARKSDALE: Most people had not really used the Internet, 24 00:01:43,843 --> 00:01:45,421 the vast majority of people hadn't 25 00:01:45,453 --> 00:01:47,812 used the Internet before the Netscape Navigator was 26 00:01:47,867 --> 00:01:49,156 introduced because you couldn't. 27 00:01:49,218 --> 00:01:50,724 It was too damn hard. 28 00:01:50,757 --> 00:01:52,027 MURRAY: "It's a web browser." 29 00:01:52,092 --> 00:01:55,191 And I'm like, "What's, what's a web browser, dude? 30 00:01:55,231 --> 00:01:56,192 Like, what is that?" 31 00:01:56,254 --> 00:01:57,536 "This is the way that you can visually see 32 00:01:57,590 --> 00:01:59,840 everything that we already do on the net." 33 00:01:59,910 --> 00:02:02,998 HUFFINGTON: When the Netscape browser was invented, 34 00:02:03,053 --> 00:02:06,771 it changed the whole experience of being online. 35 00:02:06,818 --> 00:02:09,990 CLARK: Let's open this sucker up, and see what she can do! 36 00:02:10,055 --> 00:02:12,776 HUFFINGTON: Netscape made it possible 37 00:02:12,830 --> 00:02:18,178 to really explore incredible parts of the online 38 00:02:18,241 --> 00:02:21,781 universe that we didn't even know existed before. 39 00:02:22,299 --> 00:02:24,336 PATERNOT: We want to bring people together. 40 00:02:24,391 --> 00:02:26,194 We want to build a digital community 41 00:02:26,242 --> 00:02:28,093 through shared interests from people all over the globe. 42 00:02:28,164 --> 00:02:30,576 An international social network of users 43 00:02:30,601 --> 00:02:32,035 who can connect solely through their computers. 44 00:02:32,060 --> 00:02:33,576 KRIZELMAN: We want to change the world, man. 45 00:02:33,659 --> 00:02:36,138 PATERNOT: We wanna change the [bleep] world. 46 00:02:38,078 --> 00:02:39,514 HUFFINGTON: I'm sure TheGlobe 47 00:02:39,539 --> 00:02:43,970 founders would like a dollar for every time somebody asks them, 48 00:02:43,995 --> 00:02:46,876 so you were like Facebook before there was Facebook? 49 00:02:46,924 --> 00:02:48,634 KRIZELMAN: In the beginning, we were talking about names like 50 00:02:48,689 --> 00:02:51,332 TheGlobe and TheWorld and things that 51 00:02:51,394 --> 00:02:53,230 implied a global community. 52 00:02:53,273 --> 00:02:57,112 PATERNOT: I remember having a flash in what cyber could be. 53 00:02:57,137 --> 00:02:58,468 This is a new world. 54 00:02:58,502 --> 00:03:01,577 This is day one of an entirely new world. 55 00:03:01,608 --> 00:03:03,702 That you could create a location 56 00:03:03,741 --> 00:03:06,662 that people could go to and have an experience 57 00:03:06,717 --> 00:03:08,178 in a virtual space. 58 00:03:08,203 --> 00:03:10,270 FENNE: Could you conceivably do this live? 59 00:03:10,295 --> 00:03:11,731 Like a live TV broadcast. 60 00:03:11,756 --> 00:03:13,420 DUNNING: Well, yeah, that's the idea, eventually. 61 00:03:13,451 --> 00:03:15,834 FENNE: This is it! This is what I've been seeing in my vision. 62 00:03:15,865 --> 00:03:17,817 Hi. I'm Michael Fenne. 63 00:03:18,925 --> 00:03:21,974 CUBAN: What Pixelon was claiming they were gonna be able to do, 64 00:03:22,036 --> 00:03:26,810 is deliver TV to your PC. 65 00:03:26,857 --> 00:03:28,693 GOODIN: The entire engine that was driving 66 00:03:28,763 --> 00:03:31,463 the Pixelon train was Michael Fenne. 67 00:03:31,488 --> 00:03:34,838 A golden tongue salesman, who had a vision. 68 00:03:34,871 --> 00:03:38,450 HUFFINGTON: Michael Fenne was an unlikely mastermind 69 00:03:38,505 --> 00:03:42,716 selling something that we now take completely for granted. 70 00:03:42,781 --> 00:03:45,050 - Yeah! - [cheering] 71 00:03:46,318 --> 00:03:49,288 GOODIN: I got a chance to meet Michael Fenne. 72 00:03:49,322 --> 00:03:52,652 And almost immediately there just, something didn't seem right here. 73 00:03:52,692 --> 00:03:56,043 PATERNOT: The Internet felt more like the Wild West 74 00:03:56,067 --> 00:04:00,066 where you were going beyond the frontier that people knew. 75 00:04:00,098 --> 00:04:02,687 MURRAY: It was amazing, and you just watched 76 00:04:02,734 --> 00:04:04,851 this crazy circus take place. 77 00:04:04,915 --> 00:04:09,240 [dial up internet] 78 00:04:10,226 --> 00:04:15,265 Synced & corrected by kinglouisxx www.addic7ed.com 79 00:04:22,120 --> 00:04:25,089 BERLIN: Yeah, so Silicon Valley was originally known as the 80 00:04:25,114 --> 00:04:26,992 Valley of the Heart's Delight. 81 00:04:27,026 --> 00:04:30,856 And it was this incredibly beautiful place. 82 00:04:30,930 --> 00:04:34,361 With orchards just as far as the eye could see. 83 00:04:34,401 --> 00:04:38,791 People would talk about it in this sort of Edenic way. 84 00:04:39,392 --> 00:04:42,681 It felt to people like paradise. 85 00:04:43,227 --> 00:04:46,025 RULON-MILLER: Silicon Valley was about San Jose and peach orchards 86 00:04:46,079 --> 00:04:49,701 being turned into buildings for semiconductors and disk drives. 87 00:04:49,755 --> 00:04:51,246 And some emerging thing called software. 88 00:04:51,318 --> 00:04:54,888 BERLIN: From the '40s to the '80s, 89 00:04:54,959 --> 00:04:58,094 the orchards were being replaced by one tech after another. 90 00:04:58,133 --> 00:05:01,539 Apple, Atari, Genentech, Intel. 91 00:05:01,603 --> 00:05:05,129 But nothing ever compared to what happened in the '90s, 92 00:05:05,161 --> 00:05:06,442 when the Internet hit. 93 00:05:06,475 --> 00:05:07,739 - ROSENSWEIG: The Internet. - GOODIN: The Internet. 94 00:05:07,793 --> 00:05:09,077 - CESPEDES: The Internet. - LENZ: The Internet. 95 00:05:09,121 --> 00:05:10,145 - BARKSDALE: The Internet. - KRIZELMAN: The Internet. 96 00:05:10,178 --> 00:05:12,014 - HERNANDEZ: On the Internet. - CLARK: The Internet. 97 00:05:13,629 --> 00:05:16,746 BARKSDALE: The Netscape browser certainly played a big part 98 00:05:16,798 --> 00:05:18,754 in opening up the Internet. 99 00:05:18,785 --> 00:05:20,560 Molly, you feeling better, darling? 100 00:05:20,606 --> 00:05:23,396 The ability to sell product on the network, 101 00:05:23,443 --> 00:05:25,388 to be entertained by the network, 102 00:05:25,458 --> 00:05:26,958 communicate with other people. 103 00:05:26,990 --> 00:05:30,505 All of those things were sort of unheard of before 1994. 104 00:05:30,575 --> 00:05:33,591 MURRAY: The browser was definitely a neat and super-unique thing. 105 00:05:33,653 --> 00:05:35,606 It-it was basically the best way to use the Net. 106 00:05:35,669 --> 00:05:40,223 HUFFINGTON: It made it possible to really explore. 107 00:05:40,302 --> 00:05:42,395 Um, incredible 108 00:05:42,443 --> 00:05:47,160 parts of the online universe that we didn't even know existed before. 109 00:05:47,247 --> 00:05:50,074 SEAN: It should be so simple, 110 00:05:50,128 --> 00:05:52,777 but it's just not doing what I want. 111 00:05:52,827 --> 00:05:54,340 When I hit return, 112 00:05:54,378 --> 00:05:56,832 the thing just crashes, every single time, 113 00:05:56,879 --> 00:05:58,535 no matter what I do. 114 00:05:58,582 --> 00:06:00,562 ANDREESSEN: Okay, okay. Just take a breath, Sean. 115 00:06:00,594 --> 00:06:03,740 SEAN: A breath? I haven't taken a breath for like, eighteen months. 116 00:06:03,765 --> 00:06:05,655 I'm used to being the smartest guy in the room, 117 00:06:05,679 --> 00:06:07,674 now I feel like I shouldn't even be in the room. 118 00:06:07,699 --> 00:06:08,712 ANDREESSEN: Sean. 119 00:06:08,737 --> 00:06:10,893 Have you ever tried backing in to one of these problems? 120 00:06:10,941 --> 00:06:13,260 REPORTER [over TV]: Marc Andreessen, the 23-year-old, 121 00:06:13,307 --> 00:06:15,486 who helped create the Netscape software, 122 00:06:15,533 --> 00:06:18,291 benefited from a leap of faith by investors. 123 00:06:18,345 --> 00:06:20,081 RULON-MILLER: And what was Mark Andreessen? 124 00:06:20,115 --> 00:06:22,257 He was our Messiah of technology 125 00:06:22,319 --> 00:06:24,251 and the inventor of the browser. 126 00:06:24,252 --> 00:06:25,832 ANDREESSEN: You just reverse the paradigm. 127 00:06:25,857 --> 00:06:27,555 Because you know the solution, correct? 128 00:06:27,589 --> 00:06:29,024 SEAN: Yeah, I do, the desired outcome. 129 00:06:29,057 --> 00:06:30,826 ANDREESSEN: Okay, then just work from there. 130 00:06:30,858 --> 00:06:32,746 Backwards. Right? 131 00:06:33,317 --> 00:06:36,704 MURRAY: Marc was basically visionary. 132 00:06:36,774 --> 00:06:40,048 He saw way beyond the things that were being done at the moment. 133 00:06:40,134 --> 00:06:41,876 SIINO: He was just so bright. 134 00:06:41,930 --> 00:06:44,290 You could tell that just by talking to the guy. 135 00:06:44,321 --> 00:06:45,434 SEAN: Wait. Really? 136 00:06:45,473 --> 00:06:47,254 ANDREESSEN: You'll need to wrap it in an extra div, and then 137 00:06:47,285 --> 00:06:48,481 fire it up again. It'll work. 138 00:06:48,529 --> 00:06:50,077 - SEAN: How did you do that? - ANDREESSEN: I didn't do anything. 139 00:06:50,102 --> 00:06:52,452 I just gave you a prompt. You did. 140 00:06:52,510 --> 00:06:55,733 Remember: there are no stupid questions, only stupid people. 141 00:06:55,795 --> 00:06:57,046 BARKSDALE: He's rather blunt. 142 00:06:57,085 --> 00:06:58,913 SIINO: I think the word would be arrogant. 143 00:06:58,953 --> 00:07:03,130 BARKSDALE: And I don't think Marc ever suffered fools lightly. 144 00:07:03,189 --> 00:07:04,317 CLARK: Let's go stud. 145 00:07:04,342 --> 00:07:05,591 Can't run this meeting without you. 146 00:07:05,646 --> 00:07:07,749 ANDREESSEN: Yeah. Almost forgot. Time flies. 147 00:07:07,796 --> 00:07:09,195 CLARK: All of us were quite aware that 148 00:07:09,250 --> 00:07:12,430 the number of downloads of the browser was just skyrocketing, 149 00:07:12,501 --> 00:07:15,032 and we were starting to get actual revenue. 150 00:07:15,069 --> 00:07:16,954 I thought this was an explosive thing. 151 00:07:16,985 --> 00:07:20,101 I thought we were gonna continue to grow explosively, 152 00:07:20,149 --> 00:07:22,289 so I suggested, "Why don't we try to go public?" 153 00:07:22,372 --> 00:07:24,597 ANDREESSEN: Barksdale and I were less certain 154 00:07:24,621 --> 00:07:26,831 and in fact, I was fairly adamant that... 155 00:07:26,878 --> 00:07:28,980 - Marc Andreessen. - ANDREESSEN: What? 156 00:07:29,019 --> 00:07:30,368 You're not Marc Andreesen. 157 00:07:30,393 --> 00:07:33,399 KARNA: Um... Yeah. I mean, yeah. 158 00:07:33,454 --> 00:07:36,576 Hey everyone, I'm not really Marc Andreessen. 159 00:07:36,615 --> 00:07:38,809 Um, you know, my name's John Karna. 160 00:07:38,834 --> 00:07:42,076 I'm the actor who you've been watching playing Marc Andreessen, 161 00:07:42,114 --> 00:07:45,740 but, um, yeah, I'm not him. [laughs] 162 00:07:45,756 --> 00:07:47,873 The real Marc Andreessen would probably rather munch 163 00:07:47,929 --> 00:07:50,612 on a tasty snack of goat balls and broken glass 164 00:07:50,659 --> 00:07:53,330 than reminisce about the good old days at Netscape; 165 00:07:53,378 --> 00:07:54,424 which is to say, 166 00:07:54,455 --> 00:07:56,745 Marc is a very forward-looking individual, 167 00:07:56,799 --> 00:07:59,963 he's not a "those were the best years of our lives" kinda guy. 168 00:08:00,022 --> 00:08:03,798 But I'm an actor; so I will say pretty much anything. 169 00:08:03,823 --> 00:08:05,190 Oh, and from here on out, you know what, 170 00:08:05,214 --> 00:08:06,409 I'm just gonna try to stick to things 171 00:08:06,448 --> 00:08:09,495 Marc Andreessen actually said or things he would be likely enough to say 172 00:08:09,558 --> 00:08:12,024 that he won't sue us. 173 00:08:12,102 --> 00:08:14,976 BARKSDALE: Don't get me wrong, I'm nothing but smiles over here, 174 00:08:15,001 --> 00:08:18,775 I'm just not 100% sold on going public. 175 00:08:18,800 --> 00:08:22,712 My old advice had always been, a company had to show 176 00:08:22,767 --> 00:08:25,165 profitable results for three years in a row 177 00:08:25,234 --> 00:08:27,006 before you could consider an IPO. 178 00:08:27,054 --> 00:08:30,301 The main thing is, I'm hearing a lot of feelings, not a lot of facts. 179 00:08:30,364 --> 00:08:34,067 CLARK: Let's let go of the reigns here, let this sucker run. 180 00:08:34,113 --> 00:08:36,541 Sales have doubled in a quarter. 181 00:08:36,574 --> 00:08:38,344 Is that fact enough for you, Jim? 182 00:08:38,385 --> 00:08:40,852 BARKSDALE: The company was barely a year old. 183 00:08:41,808 --> 00:08:43,018 Unheard of. 184 00:08:43,043 --> 00:08:44,855 ANDREESSEN: It's just words, but as of yet, 185 00:08:44,899 --> 00:08:47,254 we haven't hit several benchmarks for version 2.0. 186 00:08:47,313 --> 00:08:49,209 And I'm guessing that matters, yes? 187 00:08:49,264 --> 00:08:51,295 CLARK: Great. So we launch the IPO, 188 00:08:51,319 --> 00:08:53,194 get a ton of capital to fund this thing 189 00:08:53,247 --> 00:08:57,233 and then 2.0 makes 1.0 look like a stone and chisel. 190 00:08:58,684 --> 00:09:00,954 It gives us room, guys. 191 00:09:00,987 --> 00:09:03,737 ANDREESSEN: And if Microsoft starts bundling their browser with their PCs? 192 00:09:03,762 --> 00:09:06,919 BARKSDALE: That would take a huge bite out of our market share 193 00:09:06,981 --> 00:09:08,678 before we're actually profitable. 194 00:09:08,717 --> 00:09:10,647 A potentially fatal bite. 195 00:09:14,691 --> 00:09:17,706 ANDREESEN: Okay, let me break it down for you in the simplest of terms. 196 00:09:17,752 --> 00:09:19,481 This is Jim Clark. 197 00:09:19,552 --> 00:09:22,370 He dumped three million dollars to start Netscape, 198 00:09:22,424 --> 00:09:24,304 so he wants to take the company public, 199 00:09:24,339 --> 00:09:27,296 have an initial public offering in order to make that money back 200 00:09:27,331 --> 00:09:30,891 as fast as possible so he can buy himself a giant robot yacht. 201 00:09:30,945 --> 00:09:34,157 This is Jim Barksdale, our CEO. 202 00:09:34,216 --> 00:09:37,671 Jim is a very experienced businessman from the non-tech world, 203 00:09:37,696 --> 00:09:40,974 who knows how IPOs work and what types of benchmarks you need to hit 204 00:09:41,021 --> 00:09:42,459 before you go public. 205 00:09:42,521 --> 00:09:44,162 Jim understands systems, 206 00:09:44,186 --> 00:09:45,793 possibly better than anyone else out there. 207 00:09:45,794 --> 00:09:49,565 And he wanted to make sure the company was set up for long term growth. 208 00:09:49,597 --> 00:09:51,494 And he also said at one point, 209 00:09:51,525 --> 00:09:53,838 "I made a promise to take care of these people." 210 00:09:54,370 --> 00:09:55,938 And then there's me. 211 00:09:55,971 --> 00:09:57,506 Marc Andreessen. 212 00:09:57,539 --> 00:09:59,319 I just wanna get back to working on the product 213 00:09:59,343 --> 00:10:02,645 because at the end of the day that's really all that matters, right? 214 00:10:02,844 --> 00:10:04,513 Is that clear enough for you? 215 00:10:04,538 --> 00:10:06,348 CLARK: You're worried about facts? 216 00:10:06,381 --> 00:10:08,950 About market share? How's this? 217 00:10:08,983 --> 00:10:13,551 As we speak, 15 million people are using the Internet. 218 00:10:13,621 --> 00:10:14,956 You know what that is? 219 00:10:14,990 --> 00:10:17,092 It's roughly half the population of California. 220 00:10:17,126 --> 00:10:21,711 There are 5 billion people on this planet. 221 00:10:22,166 --> 00:10:25,775 We've only scratched the surface of buyers out there. 222 00:10:25,814 --> 00:10:28,877 Even with Microsoft entering the arena we're still looking 223 00:10:28,908 --> 00:10:32,002 at a majority percentage of a growing market. 224 00:10:32,041 --> 00:10:36,287 The IPO gives us room to expand and evolve. 225 00:10:36,361 --> 00:10:38,581 To stay ahead, not just keep up. 226 00:10:38,613 --> 00:10:40,242 So, damn, boys! 227 00:10:40,267 --> 00:10:43,553 Let's open this sucker up and see what she can do! 228 00:10:46,663 --> 00:10:49,295 Okay. All in favor, say, "Aye." 229 00:10:59,054 --> 00:11:02,190 Here we go, here we, here we go, uh 230 00:11:04,242 --> 00:11:10,187 231 00:11:10,256 --> 00:11:12,836 Here we go 232 00:11:15,256 --> 00:11:18,942 KRIZELMAN: We were two guys in our twenties, and we would happily spend 233 00:11:18,996 --> 00:11:22,572 three hours chatting online to people around the world. 234 00:11:22,597 --> 00:11:24,012 On a Friday night. 235 00:11:24,045 --> 00:11:25,577 PATERNOT: Take a couple loners like us 236 00:11:25,601 --> 00:11:28,014 who didn't have girlfriends and you suddenly realize 237 00:11:28,061 --> 00:11:30,405 that you could be connected to anyone in the world, family, 238 00:11:30,439 --> 00:11:33,320 friends, potential girlfriends. 239 00:11:33,359 --> 00:11:38,883 So the way we consider it is this is day one of an entirely new world. 240 00:11:39,319 --> 00:11:40,482 Here we are. 241 00:11:40,507 --> 00:11:42,404 KRIZELMAN: Welcome to our humble abode. 242 00:11:44,142 --> 00:11:45,888 Don't let looks fool you. 243 00:11:45,924 --> 00:11:49,161 We are cutting edge on many technologies. 244 00:11:49,194 --> 00:11:51,395 Everyone, I wanna introduce you to Phil. 245 00:11:51,420 --> 00:11:52,398 PHILLIP: Phillip. 246 00:11:52,431 --> 00:11:54,532 KRIZELMAN: Phillip. Phillip, this is everyone. 247 00:11:54,565 --> 00:11:56,535 Take a look around. 248 00:11:56,567 --> 00:11:58,770 PHILLIP: So you're running Lotus on an IBM server. 249 00:11:58,796 --> 00:12:00,549 PATERNOT: Yes, we are, good eye. 250 00:12:00,582 --> 00:12:03,606 So, we can't pay you much. 251 00:12:03,644 --> 00:12:05,275 KRIZELMAN: Minimum wage, basically. 252 00:12:05,324 --> 00:12:07,668 PATERNOT: That, and the supply of pizza while you work. 253 00:12:07,693 --> 00:12:08,746 PHILLIP: Pudgie's? 254 00:12:08,779 --> 00:12:10,488 - PATERNOT: Yeah, we could do Pudgie's. - KRIZELMAN: Yeah, sure. 255 00:12:10,550 --> 00:12:13,394 PATERNOT: So you have experience with HTML? 256 00:12:13,451 --> 00:12:15,119 - PHILLIP: Yeah. - PATERNOT: Great. 257 00:12:15,152 --> 00:12:16,988 KRIZELMAN: Can you tell us about some of your work? 258 00:12:17,022 --> 00:12:19,449 - PHILLIP: I could show you. - PATERNOT: Oh, please. 259 00:12:19,509 --> 00:12:23,074 PHILLIP: This one had a hand in, 260 00:12:23,137 --> 00:12:25,238 mostly back end stuff. 261 00:12:26,141 --> 00:12:29,930 And this one was all me, 262 00:12:30,454 --> 00:12:32,024 front and back. 263 00:12:32,102 --> 00:12:33,604 PATERNOT: Is that a chat function? 264 00:12:33,637 --> 00:12:34,873 PHILLIP: Yes, it is. 265 00:12:34,906 --> 00:12:37,041 KRIZELMAN: Chat was not something we had invented at all; 266 00:12:37,075 --> 00:12:38,732 it had been around for twenty years, 267 00:12:38,779 --> 00:12:40,685 but we made it way more graphical, 268 00:12:40,716 --> 00:12:42,388 where people were chatting just with text. 269 00:12:42,413 --> 00:12:44,450 We were adding what would now be called emojis. 270 00:12:44,483 --> 00:12:46,628 We did not call 'em emojis back them. 271 00:12:46,653 --> 00:12:49,731 We would have been calling them icons or little graphics. 272 00:12:49,770 --> 00:12:52,723 And those things were so fun. 273 00:12:52,739 --> 00:12:54,559 PHILLIP: And I looked at TheGlobe chat function 274 00:12:54,591 --> 00:12:55,942 and I already know how to make it better. 275 00:12:55,975 --> 00:12:57,043 BOTH: How? 276 00:12:57,077 --> 00:13:00,152 PHILLIP: Bros, seriously? Pudgie's. 277 00:13:00,177 --> 00:13:01,548 [laughter] 278 00:13:01,748 --> 00:13:03,886 So what are you guys trying to do with this? 279 00:13:03,911 --> 00:13:05,480 KRIZELMAN: Well you mentioned the chat function, 280 00:13:05,505 --> 00:13:06,700 there are games you can play, 281 00:13:06,724 --> 00:13:07,777 - a classified section. - PHILLIP: No. 282 00:13:07,802 --> 00:13:10,356 Bro, what are you trying to do? 283 00:13:10,435 --> 00:13:12,292 PATERNOT: We want to bring people together. 284 00:13:12,325 --> 00:13:14,180 We want to build a digital community through 285 00:13:14,204 --> 00:13:15,899 shared interests from people all over the globe. 286 00:13:15,954 --> 00:13:19,117 An international social network of users who can connect solely 287 00:13:19,172 --> 00:13:20,084 through their computers. 288 00:13:20,109 --> 00:13:21,781 KRIZELMAN: We want to change the world, man. 289 00:13:21,841 --> 00:13:24,577 PATERNOT: We wanna change the [bleep] world. 290 00:13:25,328 --> 00:13:29,065 KRIZELMAN: At the time, using computers was considered anti-social. 291 00:13:29,573 --> 00:13:33,737 And so this idea that we could be so social online 292 00:13:33,784 --> 00:13:35,612 really flew in the face of everything 293 00:13:35,659 --> 00:13:38,328 that you'd sort of been raised to understand. 294 00:13:38,414 --> 00:13:40,562 PATERNOT: Let's make it all about this site 295 00:13:40,586 --> 00:13:41,873 where people come, 296 00:13:41,898 --> 00:13:43,789 where they have a visible presence, 297 00:13:43,836 --> 00:13:46,627 where they can spend their time, 298 00:13:46,672 --> 00:13:49,635 express who they are to each other, and... 299 00:13:50,212 --> 00:13:52,197 ...just exist. 300 00:13:52,246 --> 00:13:54,511 Be somebody. Matter. Right? 301 00:13:54,558 --> 00:13:57,433 Create your own virtual family for life 302 00:13:57,457 --> 00:14:00,007 that can belong there and follow you 303 00:14:00,077 --> 00:14:03,647 and connect with you, um, and you never feel alone again. 304 00:14:03,710 --> 00:14:06,757 - PHILLIP: Cool. - PATERNOT: All right, so you in? 305 00:14:09,051 --> 00:14:11,246 PHILLIP: I like the Molto-Multi-Meat-Madness. 306 00:14:11,293 --> 00:14:13,684 KRIZELMAN: I'm sorry, is that... 307 00:14:13,723 --> 00:14:14,894 PHILLIP: That's from Pudgie's. 308 00:14:14,921 --> 00:14:17,303 It's only two bucks extra but totally worth it. 309 00:14:17,356 --> 00:14:19,159 - KRIZELMAN: Yeah! Cool. - Can do. 310 00:14:19,183 --> 00:14:22,112 PATERNOT: All right, so, uh... Monday, then? 311 00:14:22,137 --> 00:14:24,690 - KRIZELMAN: Monday. - PHILLIP: Cool. Monday. 312 00:14:24,737 --> 00:14:26,924 Yeah. I'm in. 313 00:14:26,971 --> 00:14:28,065 KRIZELMAN: How we gonna pay for him? 314 00:14:28,096 --> 00:14:30,665 I mean, we can afford him for what, three, maybe four weeks? 315 00:14:30,690 --> 00:14:31,971 PATERNOT: Right, so we need more money. 316 00:14:32,010 --> 00:14:33,056 I can make some calls. 317 00:14:33,089 --> 00:14:34,506 KRIZELMAN: We gotta think bigger, man. 318 00:14:34,540 --> 00:14:36,087 If the site keeps growing at this current rate, 319 00:14:36,111 --> 00:14:37,476 we won't be able to keep it afloat 320 00:14:37,501 --> 00:14:38,944 with a few grand here and there. 321 00:14:38,969 --> 00:14:40,149 PATERNOT: Okay. 322 00:14:40,174 --> 00:14:41,229 We were always hearing about 323 00:14:41,254 --> 00:14:43,642 tens of thousands of new users signing up every single day. 324 00:14:43,667 --> 00:14:45,175 So, we knew the revolution was on 325 00:14:45,199 --> 00:14:46,860 and whoever was gonna have the most money 326 00:14:46,903 --> 00:14:50,070 and executed the fastest was going to win. 327 00:14:50,110 --> 00:14:51,758 You're the one from Palo Alto. 328 00:14:51,790 --> 00:14:53,361 KRIZELMAN: You thinkin' venture capitalists? 329 00:14:53,386 --> 00:14:55,461 PATERNOT: I read Netscape raised $5 million 330 00:14:55,495 --> 00:14:57,128 from a 30-minute meeting with Kleiner Perkins. 331 00:14:57,183 --> 00:14:59,745 We only need a fraction of that. 332 00:15:00,081 --> 00:15:03,081 KRIZELMAN: Okay. My dad might know some people. 333 00:15:03,159 --> 00:15:05,468 PATERNOT: Your dad knows people 334 00:15:05,515 --> 00:15:08,365 at VC firms and it's just now coming up? 335 00:15:08,390 --> 00:15:10,911 - Jesus, Todd. - KRIZELMAN: What? 336 00:15:15,226 --> 00:15:17,095 FENNE: Hi! I'm Michael Fenne. 337 00:15:17,127 --> 00:15:19,564 I'm Mike Fenne, super happy to meet you. 338 00:15:19,597 --> 00:15:20,642 [bleep] 339 00:15:20,667 --> 00:15:21,939 [roars] 340 00:15:21,994 --> 00:15:23,783 GOODIN: So Michael was coming 341 00:15:23,807 --> 00:15:26,728 from one of the more impoverished parts... 342 00:15:26,798 --> 00:15:28,499 of the United States. 343 00:15:28,540 --> 00:15:31,242 It's in rural Virginia. It's coal country. 344 00:15:31,275 --> 00:15:36,733 He was the son and the grandson of preachers in Appalachia. 345 00:15:36,758 --> 00:15:38,516 He traveled across the country. 346 00:15:38,569 --> 00:15:42,629 And according to him, he encountered a lot of hardships along the way. 347 00:15:42,654 --> 00:15:44,896 FENNE: Hi. I'm Michael Fenne. 348 00:15:44,943 --> 00:15:47,131 GOODIN: He said that at one point, um, 349 00:15:47,185 --> 00:15:50,768 during his journey he had an abscess tooth that he... 350 00:15:50,822 --> 00:15:52,808 pulled out himself, 351 00:15:52,872 --> 00:15:56,461 after anesthetizing himself with a bottle of Jack Daniels. 352 00:16:02,296 --> 00:16:04,827 Uh, he claims that he was, uh, 353 00:16:04,866 --> 00:16:07,764 you know, robbed at gunpoint and stabbed in the chest. 354 00:16:07,835 --> 00:16:10,848 - TWEAKER: Hey, sir. Sir? - FENNE: Yes? 355 00:16:10,881 --> 00:16:12,730 TWEAKER: Would it be possible to get some money 356 00:16:12,754 --> 00:16:14,111 so I can take care of my family? 357 00:16:15,581 --> 00:16:17,101 FENNE: I don't have anything. 358 00:16:17,125 --> 00:16:20,076 - TWEAKER: Please, I think... - FENNE: Hey, I said no. 359 00:16:20,101 --> 00:16:22,126 You need to take responsibility for yourself 360 00:16:22,160 --> 00:16:24,180 and respect the Lord's plan for you. 361 00:16:24,237 --> 00:16:26,305 All right? God bless. 362 00:16:26,330 --> 00:16:29,315 - TWEAKER: Hey, sir. - FENNE: What? Ow! 363 00:16:29,371 --> 00:16:30,839 Ow! 364 00:16:31,503 --> 00:16:33,947 [grunting] 365 00:16:35,079 --> 00:16:37,209 [scream] 366 00:16:44,062 --> 00:16:46,468 MCCARTNEY: The stories were just so [bleep] outlandish 367 00:16:46,492 --> 00:16:48,770 that from, uh, you know, experience, 368 00:16:48,795 --> 00:16:51,896 talking to him, hard to say what was real and what wasn't real. 369 00:16:52,730 --> 00:16:55,269 I got locked up on a rope conviction 370 00:16:55,339 --> 00:16:57,959 Working in a coffee shop I got myself knocked up 371 00:16:58,020 --> 00:17:00,635 You keep on knockin' but you can't come up 372 00:17:00,690 --> 00:17:02,347 Can I get some? 373 00:17:02,395 --> 00:17:04,197 Bang the drum 374 00:17:09,297 --> 00:17:12,203 Windshield wipers whether you like it or not 375 00:17:12,273 --> 00:17:14,844 I gotta get away but I don't wanna lose the spot 376 00:17:14,906 --> 00:17:16,969 Don't be dumb, you're so dumb 377 00:17:17,055 --> 00:17:19,528 I wish I had love You know I wanna get some 378 00:17:19,590 --> 00:17:22,286 I'll go to Philadelphia That's where I fell for ya 379 00:17:22,363 --> 00:17:25,198 Blah, blah, blah, blah, blah, blah, blah, blah 380 00:17:25,268 --> 00:17:26,867 - Can I get some? - [whimpers] 381 00:17:26,954 --> 00:17:28,800 Bang the drum 382 00:17:34,912 --> 00:17:38,798 RULON-MILLER: Netscape changed in a huge way that was positive 383 00:17:38,838 --> 00:17:40,000 when Jim Barksdale came in. 384 00:17:40,025 --> 00:17:42,494 I mean, he was the most significant 385 00:17:42,518 --> 00:17:46,069 and most successful and impressive executive in the land. 386 00:17:46,128 --> 00:17:49,491 Mike Homer the Head of Marketing who is now deceased sadly, 387 00:17:49,522 --> 00:17:52,413 and I had our classic marketing-sales bang-bang, 388 00:17:52,438 --> 00:17:55,737 disagreements that sort of spread throughout the company a little bit. 389 00:17:55,762 --> 00:17:58,004 And Jim called me in one day and said, "Todd." 390 00:17:58,035 --> 00:18:00,605 BARKSDALE: Oh, Todd. 391 00:18:02,019 --> 00:18:03,786 Conference room. 392 00:18:04,730 --> 00:18:07,128 Michael, conference room. 393 00:18:07,153 --> 00:18:09,004 RULON-MILLER: He said, "I hear you are not 394 00:18:09,028 --> 00:18:10,955 getting along with Mike Homer. 395 00:18:10,988 --> 00:18:13,598 I hear from a lot of people you're having some fights 396 00:18:13,622 --> 00:18:15,661 and I don't think that's good business." 397 00:18:15,694 --> 00:18:18,819 BARKSDALE: Take a seat guys. Here's the thing. 398 00:18:18,897 --> 00:18:22,922 Number one: when you come across a snake, you kill it. 399 00:18:23,503 --> 00:18:24,813 You don't call your buddies, 400 00:18:24,860 --> 00:18:28,407 you don't form a team, you don't put a meeting together, 401 00:18:28,441 --> 00:18:30,543 you just kill the snake, right? 402 00:18:30,576 --> 00:18:34,080 RULON-MILLER: Jim spoke in aphorisms and uh, and storylines. 403 00:18:34,112 --> 00:18:36,570 And you had to listen thoughtfully to say what's the message here. 404 00:18:36,602 --> 00:18:38,508 BARKSDALE: Number two, 405 00:18:39,070 --> 00:18:41,414 you don't go back and play with a dead snake. 406 00:18:41,484 --> 00:18:43,475 - SIINO: A snake. - HERNANDEZ: Don't play with dead snakes. 407 00:18:43,500 --> 00:18:45,616 LENZ: Kill the snake, don't call your friends, kill the snake. 408 00:18:45,655 --> 00:18:46,679 RULON-MILLER: And what it meant was 409 00:18:46,710 --> 00:18:48,710 if you see an opportunity or a problem, 410 00:18:48,765 --> 00:18:52,093 solve it and finish it, and don't go back and pick it up. 411 00:18:52,118 --> 00:18:54,485 I guess you've heard there's a big problem here 412 00:18:54,510 --> 00:18:56,423 and it really hasn't been gettin' any better. 413 00:18:56,448 --> 00:18:58,843 Mike's been really undercutting my methodologies in the sales force. 414 00:18:58,868 --> 00:19:01,705 - Yeah, that's a buncha bull. - BARKSDALE: Here's what's gonna happen. 415 00:19:01,737 --> 00:19:04,606 We're gonna get together tomorrow, same time, 416 00:19:04,640 --> 00:19:08,055 and if you two still aren't getting along, I'm gonna flip a coin. 417 00:19:08,094 --> 00:19:11,204 Now, heads, I fire Todd, 418 00:19:11,555 --> 00:19:13,228 tails I fire Mike. 419 00:19:13,282 --> 00:19:14,852 Sound good? 420 00:19:15,450 --> 00:19:17,120 RULON-MILLER: Yeah. 421 00:19:17,152 --> 00:19:19,661 BARKSDALE: Cool, all right. 422 00:19:19,740 --> 00:19:21,349 Good talk. 423 00:19:21,390 --> 00:19:23,833 RULON-MILLER: And my body went white and I said, 424 00:19:23,872 --> 00:19:26,482 "Oh my God, I better solve this problem." 425 00:19:26,528 --> 00:19:29,633 So a week later Mike Homer and I are getting along really well. 426 00:19:29,732 --> 00:19:34,727 BARKSDALE: Number three, all opportunities start out looking like snakes. 427 00:19:39,108 --> 00:19:41,664 - There he is! - Over here. 428 00:19:41,712 --> 00:19:43,344 Good to see ya, how ya been? 429 00:19:43,391 --> 00:19:45,660 Good to see ya, how are ya? 430 00:19:46,181 --> 00:19:50,374 DAD: So I heard back from my buddy today at Kleiner Perkins... 431 00:19:50,444 --> 00:19:52,087 he's willing to sit down with you. 432 00:19:52,123 --> 00:19:54,093 - Excellent! Thank you, Dad. - PATERNOT: Wow, okay. 433 00:19:54,118 --> 00:19:55,691 - That's amazing, Mr. K. - DAD: We're talking about 434 00:19:55,725 --> 00:19:58,368 a very smart guy at a very prestigious company. 435 00:19:58,400 --> 00:20:00,187 He hears lots of ideas. 436 00:20:00,212 --> 00:20:03,330 So how about you run this by me and we go from there? 437 00:20:06,048 --> 00:20:08,172 KRIZELMAN: It's gonna be huge. 438 00:20:10,570 --> 00:20:12,550 That's your pitch? It's gonna be huge? 439 00:20:12,579 --> 00:20:13,859 PATERNOT: We... We have other... 440 00:20:13,883 --> 00:20:15,680 we have other stuff that we put together. 441 00:20:15,681 --> 00:20:18,930 KRIZELMAN: Yeah, we have a whole like package and, uh... 442 00:20:20,352 --> 00:20:22,326 DAD: Go ahead. 443 00:20:22,388 --> 00:20:24,428 KRIZELMAN: Okay, yeah, so... 444 00:20:24,452 --> 00:20:26,662 Steph and I have developed these functionalities 445 00:20:26,693 --> 00:20:27,928 that are unique to the site, 446 00:20:27,952 --> 00:20:30,419 like the gaming platform and registration program. 447 00:20:30,444 --> 00:20:33,185 But what we're really trying to get these guys to invest in 448 00:20:33,209 --> 00:20:34,526 is our growing user base. 449 00:20:34,551 --> 00:20:36,898 PATERNOT: Our community is growing exponentially every month. 450 00:20:36,922 --> 00:20:40,550 If someone were able to tap into that market, it would be huge. 451 00:20:41,291 --> 00:20:42,820 - DAD: Why? - PATERNOT: Revenue. 452 00:20:42,845 --> 00:20:44,797 Possible subscription fee. Your advertisements. 453 00:20:44,822 --> 00:20:46,189 - DAD: Ads? - PATERNOT: Oh, yeah. 454 00:20:46,213 --> 00:20:47,333 - DAD: On the Internet? - KRIZELMAN: Dad. 455 00:20:47,358 --> 00:20:48,888 DAD: Do enough people even go there? 456 00:20:48,913 --> 00:20:51,317 - It seems like a bunch of geeky kids. - [laughter] 457 00:20:51,342 --> 00:20:54,316 KRIZELMAN: Dad, Netscape Navigator has approximately 10 million users. 458 00:20:54,341 --> 00:20:55,816 That number is growing daily. 459 00:20:55,841 --> 00:20:57,925 Supposedly, 2.0, their next version, 460 00:20:57,950 --> 00:21:00,042 will have enhanced graphic capabilities. 461 00:21:00,067 --> 00:21:01,684 I mean, that means essentially 462 00:21:01,708 --> 00:21:03,682 you could sell billboards on your website. 463 00:21:03,707 --> 00:21:05,637 I mean, that would change the game. 464 00:21:05,679 --> 00:21:06,948 DAD: Hm. [sighs] 465 00:21:06,973 --> 00:21:08,231 Okay. 466 00:21:08,255 --> 00:21:10,600 I mean, still sounds a little generic. 467 00:21:12,348 --> 00:21:14,384 But it does have definite promise. 468 00:21:15,261 --> 00:21:17,173 Now you just have to focus your pitch 469 00:21:17,197 --> 00:21:19,892 so it's utterly specific to your product. 470 00:21:20,107 --> 00:21:21,158 PATERNOT: We can do that. 471 00:21:21,222 --> 00:21:23,111 - We can do that. - KRIZELMAN: Yeah, we can do that. 472 00:21:23,548 --> 00:21:24,650 And? 473 00:21:25,142 --> 00:21:28,873 PATERNOT: And we think it really comes down to TheGlobe.com 474 00:21:28,912 --> 00:21:31,245 creating a massive worldwide community. 475 00:21:31,279 --> 00:21:32,623 Imagine the possibilities 476 00:21:32,669 --> 00:21:34,826 once we're able to monetize that community and tap 477 00:21:34,857 --> 00:21:36,118 into its diverse markets. 478 00:21:36,150 --> 00:21:39,015 KRIZELMAN: It could truly connect the world. 479 00:21:39,040 --> 00:21:42,123 So it's just the website, correct? There's no software? 480 00:21:42,157 --> 00:21:44,617 BOTH: Correct, yeah, everything is web based. 481 00:21:44,642 --> 00:21:46,531 Okay. But how are you making money? 482 00:21:46,556 --> 00:21:48,007 PATERNOT: At the moment we're focused on 483 00:21:48,031 --> 00:21:49,772 continuing to build our current user base. 484 00:21:49,797 --> 00:21:51,278 And it's free to register? 485 00:21:51,303 --> 00:21:54,050 KRIZELMAN: Yes, but imagine if you could start putting ads in... 486 00:21:54,075 --> 00:21:55,753 I thought your chat function was quite impressive. 487 00:21:55,778 --> 00:21:58,143 PATERNOT: Thank you, it's essential to connecting our users and. 488 00:21:58,168 --> 00:21:59,542 Have you thought about licensing it out? 489 00:21:59,567 --> 00:22:02,031 PATERNOT: We haven't. We like that it's a unique draw for the site. 490 00:22:02,056 --> 00:22:03,990 What about licensing the registration function? 491 00:22:04,024 --> 00:22:05,671 KRIZELMAN: We're trying to think a little more "big picture." 492 00:22:05,696 --> 00:22:07,345 And you've built these chat and registration 493 00:22:07,369 --> 00:22:09,539 - functionalities from scratch? - PATERNOT: Yes, we have. 494 00:22:09,564 --> 00:22:11,424 And we have a great team working on new developments as well. 495 00:22:11,455 --> 00:22:14,335 Well the site is impressive. And the numbers are promising. 496 00:22:14,367 --> 00:22:16,636 I'll look over your business model be in touch. 497 00:22:16,695 --> 00:22:17,852 Thank you both. 498 00:22:20,172 --> 00:22:23,711 KRIZELMAN: You had so much convincing to do to get to what you were 499 00:22:23,773 --> 00:22:26,130 actually trying to convey, it was very hard. 500 00:22:26,155 --> 00:22:27,990 PATERNOT: There was this thing called the Internet. 501 00:22:29,278 --> 00:22:30,247 The Internet. 502 00:22:30,279 --> 00:22:32,137 KRIZELMAN: Isn't AOL already doing the Internet? 503 00:22:32,162 --> 00:22:33,653 PATERNOT: It's also called the World Wide Web. 504 00:22:33,694 --> 00:22:34,710 KRIZELMAN: It doesn't ring a bell. 505 00:22:34,735 --> 00:22:36,999 PATERNOT: Okay, well there's this alternative world 506 00:22:37,046 --> 00:22:40,706 that's starting up and anyone in the world can access it. 507 00:22:40,754 --> 00:22:42,606 Has anyone talked to you about 508 00:22:42,630 --> 00:22:45,028 licensing out your registration software? 509 00:22:45,067 --> 00:22:48,047 Let's talk more about these tools that you're developing. 510 00:22:48,079 --> 00:22:49,469 The company is based out of where? 511 00:22:49,516 --> 00:22:52,054 This is very interesting, we'll definitely get back to you. 512 00:22:52,079 --> 00:22:54,540 This is a lot to think about, we'll definitely look it over. 513 00:22:59,139 --> 00:23:01,193 BARKSDALE: Once a company decides to go public 514 00:23:01,217 --> 00:23:03,748 they go on what is called a "road show." 515 00:23:03,773 --> 00:23:05,448 Essentially you and your team travel around 516 00:23:05,487 --> 00:23:07,391 to different investment firms, 517 00:23:07,422 --> 00:23:09,774 informing their analysts about your company 518 00:23:09,806 --> 00:23:11,874 and sharing details about your business model, 519 00:23:11,899 --> 00:23:15,114 and the hope that they'll buy a large amount of stock. 520 00:23:16,325 --> 00:23:20,996 [inaudible singing] 521 00:23:22,286 --> 00:23:24,225 BARKSDALE: See, that feels over the top to me. 522 00:23:24,271 --> 00:23:27,646 It's a dot-com road show, it's not a Lady Gaga video. 523 00:23:28,236 --> 00:23:29,671 Anyway, yeah. 524 00:23:29,705 --> 00:23:32,542 Dozens of meetings within a matter of weeks. 525 00:23:32,585 --> 00:23:36,328 It's grueling, but it's a necessary part of the process 526 00:23:36,374 --> 00:23:38,017 and it helps you not only 527 00:23:38,050 --> 00:23:39,557 share aspects of your business, 528 00:23:39,581 --> 00:23:42,034 but it allows you to gauge the investment 529 00:23:42,083 --> 00:23:45,274 industry's genuine interest in your company. 530 00:23:45,422 --> 00:23:46,742 CLARK: We had to do a little song and dance. 531 00:23:46,767 --> 00:23:49,624 It was really just selling the future, 532 00:23:49,657 --> 00:23:53,030 selling the prospect that this was 533 00:23:53,116 --> 00:23:55,647 a new era that we are blowing open. 534 00:23:55,678 --> 00:24:01,504 BARKSDALE: Honestly, I find the whole process just really fun. 535 00:24:01,814 --> 00:24:04,800 ANDREESSEN: Those meetings were my own personal hell. 536 00:24:05,241 --> 00:24:07,057 Who exactly are we talking to? 537 00:24:07,096 --> 00:24:09,854 CLARK: Oh, four to six analysts. No big deal. 538 00:24:09,900 --> 00:24:12,429 We'll give 'em our pitch promoting our IPO, 539 00:24:12,461 --> 00:24:13,690 then take some questions. 540 00:24:13,715 --> 00:24:16,054 BARKSDALE: Just relax, be yourself, 541 00:24:16,078 --> 00:24:17,381 rest in the knowledge that you have 542 00:24:17,406 --> 00:24:20,255 the best product to hit the market in 20 years. 543 00:24:20,289 --> 00:24:25,175 Main thing is, if what you have is real, you don't need BS. 544 00:24:25,261 --> 00:24:27,864 ANDREESSEN: Barksdale always talks about "The Main Thing." 545 00:24:27,897 --> 00:24:29,159 He even once said... 546 00:24:29,202 --> 00:24:32,713 BARKSDALE: The main thing is the Main Thing is always the main thing. 547 00:24:34,438 --> 00:24:35,774 Here, let me have a look. 548 00:24:35,836 --> 00:24:37,095 CLARK: How come you coder guys 549 00:24:37,134 --> 00:24:39,345 always look like your mothers still dress you? 550 00:24:40,042 --> 00:24:42,478 ANDREESSEN: See? Hell. 551 00:24:43,395 --> 00:24:46,134 BARKSDALE: Okay, uh... My goodness. 552 00:24:46,215 --> 00:24:48,815 Thank you for having us, 553 00:24:48,839 --> 00:24:52,739 and thank you for inviting the entire world. 554 00:24:52,788 --> 00:24:54,624 [laughter] 555 00:24:54,657 --> 00:24:57,347 ANDREESSEN: "Four to six?" "No big deal?" 556 00:24:57,372 --> 00:24:58,513 Was that four or six? 557 00:24:58,552 --> 00:25:00,662 Half the company was in that room! 558 00:25:01,752 --> 00:25:05,533 CLARK: Gentlemen, shy of a handie from the CEO himself, 559 00:25:05,578 --> 00:25:08,470 that could not have gone better. 560 00:25:08,536 --> 00:25:11,140 BARKSDALE: Not to piss on your marshmallow roast, Jim. 561 00:25:11,171 --> 00:25:13,429 CLARK: Jesus, Barksdale. What? 562 00:25:13,483 --> 00:25:15,796 BARKSDALE: I'm just pointing out that the fact that those analysts 563 00:25:15,821 --> 00:25:17,155 did us a hell of a favor 564 00:25:17,179 --> 00:25:18,765 with some of those questions they we're asking. 565 00:25:18,812 --> 00:25:21,582 ANDREESSEN: Yep. They really have zero concept of what Netscape is. 566 00:25:21,607 --> 00:25:23,621 BARKSDALE: They don't even know what the Internet is. 567 00:25:23,646 --> 00:25:26,144 ANDREESSEN: They don't even know the Internet is the Internet. 568 00:25:27,022 --> 00:25:28,657 BARKSDALE: They don't. 569 00:25:28,697 --> 00:25:30,798 ANDREESSEN: What? 570 00:25:30,860 --> 00:25:33,173 What? It's true. 571 00:25:47,878 --> 00:25:56,979 When the swallows come back to Capistrano 572 00:25:58,096 --> 00:26:03,034 That's the day you promised to come back to me 573 00:26:03,073 --> 00:26:05,976 GOODIN: There was something really disarming and charismatic 574 00:26:06,015 --> 00:26:07,297 about Michael Fenne. 575 00:26:08,741 --> 00:26:11,302 He seemed so gentle, 576 00:26:11,357 --> 00:26:13,730 and he had these, you know, beautiful blue eyes 577 00:26:13,802 --> 00:26:16,419 and this cherubic face... 578 00:26:17,181 --> 00:26:19,920 and soft-spoken voice 579 00:26:19,975 --> 00:26:24,241 with a kind of Appalachian drawl or cadence. 580 00:26:24,319 --> 00:26:28,127 FENNE: Hi, I'm Michael Fenne. What a pleasure. 581 00:26:28,152 --> 00:26:32,075 GOODIN: Michael knew the Bible well and he was constantly using 582 00:26:32,106 --> 00:26:36,755 Christianity and the bible in a way to try to get people's trust, 583 00:26:36,802 --> 00:26:39,488 and, you know, almost always, um, 584 00:26:39,544 --> 00:26:41,613 in a way to cast himself 585 00:26:41,637 --> 00:26:45,058 as the hero in so many of these, uh, kind of biblical, 586 00:26:45,089 --> 00:26:46,244 you know, proverbs. 587 00:26:46,277 --> 00:26:48,322 And there was something about the way 588 00:26:48,369 --> 00:26:51,111 he came across that was very likeable. 589 00:26:53,567 --> 00:26:57,603 The chapel choir will sing 590 00:26:57,662 --> 00:27:00,800 PASTOR: Welcome. Please, find a seat and we'll begin. 591 00:27:00,877 --> 00:27:05,389 Ya'll might want to schooch in down front, I won't bite you. 592 00:27:07,474 --> 00:27:09,692 Please bow your heads. 593 00:27:11,216 --> 00:27:13,739 BETHANY: It's like, restock your inventory, 594 00:27:13,763 --> 00:27:14,841 do you know what I mean? 595 00:27:14,880 --> 00:27:17,216 Excuse me. I'm just gonna be a minute here. 596 00:27:17,255 --> 00:27:20,079 Hey there. Are you new to town? 597 00:27:20,112 --> 00:27:22,149 FENNE: I sure am. I just got here yesterday. 598 00:27:22,174 --> 00:27:23,631 So, I'm brand new! 599 00:27:23,656 --> 00:27:26,619 BETHANY: Ah, well, we are so happy to have you here 600 00:27:26,651 --> 00:27:28,048 at the South Coast Christian Assembly. 601 00:27:28,072 --> 00:27:30,313 - I'm Bethany. - FENNE: Hello, Bethany. 602 00:27:30,376 --> 00:27:32,149 I'm Mike Fenne. What a pleasure! 603 00:27:32,212 --> 00:27:34,267 BETHANY: It's so nice to see a fresh face around here. 604 00:27:34,292 --> 00:27:35,863 It gets a little old talkin' to the same folks 605 00:27:35,887 --> 00:27:37,957 every Sunday to tell you the truth. 606 00:27:39,006 --> 00:27:40,426 FENNE: Is that right, Bethany? 607 00:27:40,470 --> 00:27:44,008 BETHANY: Yes it is, Mr. Mike Fenne. 608 00:27:44,623 --> 00:27:46,691 Do you wanna get a coffee? 609 00:27:46,771 --> 00:27:48,660 - FENNE: Yeah, that'd be nice. - BETHANY: Okay. 610 00:27:48,699 --> 00:27:51,433 FENNE: The service was absolutely wonderful. 611 00:27:51,477 --> 00:27:53,402 BETHANY: Well, you caught us on a good week. 612 00:27:53,441 --> 00:27:55,619 Um, how're you liking San Juan Capistrano? 613 00:27:55,644 --> 00:27:56,713 You getting settled all right? 614 00:27:56,738 --> 00:27:58,283 I know everybody in this godforsaken town, 615 00:27:58,330 --> 00:28:00,783 so if you need anything, just say the word. 616 00:28:00,808 --> 00:28:02,103 FENNE: That is so sweet. 617 00:28:02,142 --> 00:28:05,833 I am actually looking for some really basic office space. 618 00:28:05,865 --> 00:28:07,099 BETHANY: Well, I know just the person. 619 00:28:07,124 --> 00:28:09,228 You have got to talk to Dave. 620 00:28:09,260 --> 00:28:11,363 Um, let me just see if he's busy. 621 00:28:11,395 --> 00:28:13,728 - One sec, okay? - FENNE: Okay. 622 00:28:13,791 --> 00:28:15,760 GOODIN: I have a letter that is part 623 00:28:15,799 --> 00:28:18,017 of his permanent court record 624 00:28:18,069 --> 00:28:22,659 to his third wife shortly after he fled Wise, Virginia. 625 00:28:22,708 --> 00:28:25,557 He says things like, you know, God has blessed me 626 00:28:25,581 --> 00:28:28,854 with a unique ability to defy reality. 627 00:28:30,339 --> 00:28:32,151 FENNE: And now an interpretive dance 628 00:28:32,198 --> 00:28:33,628 choreographed by Paul Becker 629 00:28:33,675 --> 00:28:37,346 based on a real letter that I wrote to my ex-wife. 630 00:28:39,394 --> 00:28:40,885 [clears throat] 631 00:28:45,096 --> 00:28:47,481 I want you to know in advance of reading this 632 00:28:47,536 --> 00:28:50,606 that I am taking this one and only opportunity 633 00:28:50,653 --> 00:28:52,745 to vent my feelings to you. 634 00:28:52,770 --> 00:28:55,039 Yes, there is great anger in me. 635 00:28:55,073 --> 00:28:57,976 But please bear with me and read the entire letter. 636 00:28:58,008 --> 00:29:01,046 God has given me a new life to start over with. 637 00:29:01,078 --> 00:29:04,115 GOODIN: God has given me a new life to start over with. 638 00:29:04,149 --> 00:29:05,876 FENNE: And the sum total of my heart 639 00:29:05,900 --> 00:29:08,611 is joyous for the most precious gift. 640 00:29:08,665 --> 00:29:12,257 If you have not filed for an annulment yet, please do so. 641 00:29:12,289 --> 00:29:14,880 GOODIN: I will be singing and playing and taking 642 00:29:14,904 --> 00:29:17,404 a true love with me to all the places 643 00:29:17,450 --> 00:29:20,693 you will only be able to think about in your head. 644 00:29:20,732 --> 00:29:24,527 I will live then and recover totally from the fatal wound 645 00:29:24,598 --> 00:29:27,465 that you gave and rise like the Phoenix. 646 00:29:27,490 --> 00:29:30,441 FENNE: My life without you has been a living hell. 647 00:29:30,475 --> 00:29:32,653 A hell you sent me into. 648 00:29:32,716 --> 00:29:36,755 I never ever want to hurt like that ever again. 649 00:29:36,833 --> 00:29:38,965 Forgiving you, and moving on 650 00:29:39,020 --> 00:29:41,512 is part of the necessary healing journey. 651 00:29:41,590 --> 00:29:44,262 To put you fully out of my mind forever 652 00:29:44,356 --> 00:29:47,543 I have to forgive you completely first. 653 00:29:59,203 --> 00:30:01,441 BARKSDALE: I've been up since 4:00am. 654 00:30:01,972 --> 00:30:04,656 CLARK: I got you beat by an hour and a half. 655 00:30:05,352 --> 00:30:06,602 BARKSDALE: Everything good to go? 656 00:30:06,649 --> 00:30:09,414 CLARK: Mm. Don't know. 657 00:30:09,480 --> 00:30:11,713 I got a call from Mary last night, 658 00:30:11,737 --> 00:30:13,050 couldn't get her on the phone. 659 00:30:13,072 --> 00:30:15,554 Something about the stock price. 660 00:30:15,586 --> 00:30:19,032 ROSENSWEIG: If you could get the endorsement of Mary Meeker, 661 00:30:19,057 --> 00:30:21,086 it was like printing money. 662 00:30:21,111 --> 00:30:23,476 She was a successful analyst before the Internet. 663 00:30:23,521 --> 00:30:25,890 BARKSDALE: She thinks $28 is too high? 664 00:30:25,915 --> 00:30:27,335 CLARK: I don't know. 665 00:30:27,380 --> 00:30:29,077 BARKSDALE: Too low? 666 00:30:29,133 --> 00:30:30,524 CLARK: I... 667 00:30:30,602 --> 00:30:32,039 Don't... 668 00:30:32,136 --> 00:30:33,985 Know. 669 00:30:34,072 --> 00:30:36,430 Go get a bagel and coffee. Just relax. 670 00:30:36,492 --> 00:30:38,563 BARKSDALE: I've got the runs. 671 00:30:45,125 --> 00:30:46,852 DARRIN: Hey. Psst. 672 00:30:46,884 --> 00:30:49,188 One word: Netscape. 673 00:30:49,220 --> 00:30:52,356 STEVE: "Here today and gone later today." 674 00:30:52,390 --> 00:30:53,959 David Lee Roth said that. 675 00:30:53,991 --> 00:30:56,905 DARRIN: Really? I mean, it looks pretty good to me. 676 00:30:58,079 --> 00:31:00,123 STEVE: The last scene of Dr. Strangelove? 677 00:31:01,226 --> 00:31:05,240 "Waaa-hooo." Booooooom? 678 00:31:10,307 --> 00:31:13,144 This is who's playing with your nest egg over at NASDAQ, folks. 679 00:31:13,178 --> 00:31:14,920 Twenty-five year-olds right out of college; 680 00:31:14,945 --> 00:31:17,786 who think that investing in a company that hasn't even turned a profit 681 00:31:17,826 --> 00:31:18,951 is a good idea. 682 00:31:18,976 --> 00:31:21,853 DARRIN: Netscape owns 75% of a fledgling market share, 683 00:31:21,886 --> 00:31:22,935 ladies and gentlemen. 684 00:31:22,960 --> 00:31:24,455 75%. 685 00:31:24,521 --> 00:31:27,325 That tells me they own the new frontier. 686 00:31:27,359 --> 00:31:30,896 You think the Internet is going away, then you're my grandfather. 687 00:31:30,929 --> 00:31:32,998 STEVE: Anyone who gives their product away for free 688 00:31:33,023 --> 00:31:35,032 isn't running a sound business model. 689 00:31:35,065 --> 00:31:37,935 You want my client's hard-earned shekels? 690 00:31:37,960 --> 00:31:40,739 Turn a profit for three quarters at least, 691 00:31:40,795 --> 00:31:42,390 then, you have my blessing. 692 00:31:42,440 --> 00:31:45,609 - Go public. - DARRIN: We invest, they expand, 693 00:31:45,648 --> 00:31:47,390 the stock price soars 694 00:31:47,414 --> 00:31:50,281 and you get to retire to Vero Beach early. 695 00:31:50,306 --> 00:31:51,409 You're welcome. 696 00:31:51,434 --> 00:31:53,050 STEVE: Have you been to Vero Beach? 697 00:31:53,084 --> 00:31:55,919 CLARK: At that particular time Mary Meeker 698 00:31:55,975 --> 00:31:59,827 was the primary technology analyst for Morgan Stanley, 699 00:31:59,876 --> 00:32:04,397 so her job was to be able to articulate 700 00:32:04,483 --> 00:32:07,897 to the investor customer what we were about. 701 00:32:07,936 --> 00:32:09,241 7:00 a.m. 702 00:32:09,298 --> 00:32:11,898 NASDAQ is pumping. Why don't we have a price? 703 00:32:11,923 --> 00:32:13,726 [phone rings] 704 00:32:13,765 --> 00:32:16,131 - WOMAN [over phone]: Morgan Stanley. - Mary Meeker's desk, please. 705 00:32:16,788 --> 00:32:18,001 MARY: Yeah? 706 00:32:18,043 --> 00:32:20,116 BARKSDALE: Mary, Jim Barksdale, Netscape. 707 00:32:20,163 --> 00:32:22,849 Uh, we're just a little concerned. It's 10:00 a.m. over there. 708 00:32:22,874 --> 00:32:24,716 And we haven't started trading yet. 709 00:32:24,748 --> 00:32:26,917 MARY: Yeah, well, they can't open the stock 710 00:32:26,941 --> 00:32:28,488 because they can't price the stock. 711 00:32:28,513 --> 00:32:30,995 CLARK: What? Why? 712 00:32:31,034 --> 00:32:34,558 - MARY: Because retail interest is high? - BARKSDALE: How high? 713 00:32:34,592 --> 00:32:36,936 MARY: Well, dial Charles Schwab. 714 00:32:37,356 --> 00:32:38,686 Do it now. 715 00:32:38,752 --> 00:32:42,056 BARKSDALE: I got it, I got it, I got it, I got it. Hang on. 716 00:32:42,537 --> 00:32:44,072 [busy tone] 717 00:32:44,097 --> 00:32:46,077 MARY: There we go, fellas. 718 00:32:46,109 --> 00:32:48,494 - [over phone]: Welcome to Charles Schwab. - MARY: Fellas? 719 00:32:48,549 --> 00:32:51,041 VOICE [over phone]: If you're interested in the Netscape IPO, press 1. 720 00:32:51,096 --> 00:32:52,750 For all other inquiries, press 2. 721 00:32:52,806 --> 00:32:55,384 MARY: Wait. Did they just put me on hold? 722 00:32:55,479 --> 00:32:57,672 CLARK: Mary, what does it mean...? 723 00:32:57,718 --> 00:32:59,610 MARY: A, never put me on hold. 724 00:32:59,660 --> 00:33:02,430 B, refresh your page. 725 00:33:09,059 --> 00:33:11,891 CLARK: $71? 726 00:33:12,306 --> 00:33:14,243 BARKSDALE: $71 a share! 727 00:33:14,294 --> 00:33:16,336 Are you kidding me? 728 00:33:17,560 --> 00:33:19,629 CLARK: $71! 729 00:33:19,696 --> 00:33:21,941 - [cheers] - MARY: You're welcome. 730 00:33:24,042 --> 00:33:25,905 - CLARK: Yeah, give me some of that. - No, no, no, no. 731 00:33:25,975 --> 00:33:27,741 BARKSDALE: Stop it. All right. 732 00:33:27,796 --> 00:33:30,054 Take it down. Take it down, buddy. 733 00:33:30,108 --> 00:33:33,844 Take it down, take it down. Take it down. 734 00:33:35,085 --> 00:33:37,134 CLARK: A little bit of my own ego, I suppose, 735 00:33:37,159 --> 00:33:40,487 but when I started Silicon Graphics, my first company, 736 00:33:40,550 --> 00:33:43,347 in those days, people all thought I was lucky. 737 00:33:44,153 --> 00:33:47,196 So, I had a bit of an ego issue with that, 738 00:33:47,262 --> 00:33:49,086 I wanted to prove that I wasn't just lucky. 739 00:33:49,160 --> 00:33:52,192 Whoooo! 740 00:33:52,217 --> 00:33:54,005 Netscape managed to prove that. 741 00:33:54,051 --> 00:33:57,771 HUFFINGTON: The Netscape IPO changed everything. 742 00:33:57,825 --> 00:34:01,076 You don't have to have 4 quarters of a profit. 743 00:34:01,709 --> 00:34:05,748 You just have to have an amazing product, a great story, 744 00:34:05,810 --> 00:34:09,933 and a rock star founder and you're set. 745 00:34:16,900 --> 00:34:18,556 ANDREESSEN: Okay. 746 00:34:22,567 --> 00:34:24,189 Yeah! 747 00:34:24,236 --> 00:34:26,321 - [cheering] - BARKSDALE: Way to go. Way to go. 748 00:34:26,376 --> 00:34:27,612 Get back to work. 749 00:34:27,667 --> 00:34:29,362 Anybody seen Marc? 750 00:34:29,823 --> 00:34:31,400 Anybody? 751 00:34:39,390 --> 00:34:40,977 STEVE: Goldman Sachs, this is Steve. 752 00:34:41,038 --> 00:34:43,492 DARRIN: Netscape? Sure thing. 753 00:34:43,531 --> 00:34:45,702 STEVE: Thank you. What's your middle name? Thank you. 754 00:34:45,739 --> 00:34:48,117 Netscape, yes, how many shares? 755 00:34:48,171 --> 00:34:50,171 DARRIN: 100 shares, you got it Mr... 756 00:34:50,235 --> 00:34:52,249 STEVE: Yes, ma'am. You're good to go. 757 00:34:53,379 --> 00:34:54,671 DARRIN: Whoo. 758 00:34:54,718 --> 00:34:56,380 Guess David Lee Roth should be putting cash down 759 00:34:56,435 --> 00:34:58,224 on that condo in Vero any time now. 760 00:34:58,282 --> 00:34:59,810 STEVE: Wait, is it just us, or...? 761 00:34:59,880 --> 00:35:00,880 DARRIN: Netscape? 762 00:35:00,929 --> 00:35:04,021 50 shares? You got it Mr. Robertson. 763 00:35:04,046 --> 00:35:05,841 Smith Barney. Netscape? 764 00:35:05,904 --> 00:35:08,630 Yup. Can I get your name? 765 00:35:09,747 --> 00:35:12,520 Bro, did I not totally call it with this Netscape run? 766 00:35:12,583 --> 00:35:14,420 - Yes. - DARRIN: Yo! 767 00:35:14,466 --> 00:35:15,726 Let me ask you something, 768 00:35:15,764 --> 00:35:18,887 is it hard being so unbearably handsome? 769 00:35:18,955 --> 00:35:21,215 Yeah, it's exhausting. You? 770 00:35:21,270 --> 00:35:23,270 DARRIN: Mm. You have no idea. 771 00:35:23,341 --> 00:35:24,910 Gotta beat em off with a stick. 772 00:35:24,942 --> 00:35:25,944 I bet. 773 00:35:25,977 --> 00:35:28,053 MARY: Yeah, it's a nice jump. I'm okay with it. 774 00:35:28,108 --> 00:35:29,866 Happy people at Netscape today. 775 00:35:29,922 --> 00:35:32,217 Thanks, Andy. I'll circle back before we close. 776 00:35:32,951 --> 00:35:35,817 Erin, get me Barry at Charles Schwab on the line, please. 777 00:35:35,895 --> 00:35:38,505 REPORTER [over TV]: At the end of day one, Netscape had a market value 778 00:35:38,561 --> 00:35:40,096 of more than $2 billion. 779 00:35:40,137 --> 00:35:41,989 Investors close to Morgan Stanley, 780 00:35:42,013 --> 00:35:45,145 which managed the public offering, got shares for $28. 781 00:35:45,207 --> 00:35:47,263 Analysts say they probably sold most of them 782 00:35:47,287 --> 00:35:50,364 after the stock opened at more than $70 and crept higher. 783 00:35:50,436 --> 00:35:52,218 Everybody else jumped in. 784 00:35:52,291 --> 00:35:56,475 The entire 5 million share offering turned over nearly three times. 785 00:35:56,507 --> 00:35:58,488 MARY: Sure, you want your first day to go well, 786 00:35:58,512 --> 00:36:00,129 but the truth is, it doesn't matter. 787 00:36:00,190 --> 00:36:02,493 What matters is if you can keep that price up. 788 00:36:02,559 --> 00:36:05,884 REPORTER [over TV]: Even at the closing price of $58, 25 cents, 789 00:36:05,931 --> 00:36:09,790 some analysts estimate Netscape's price earnings ratio next year 790 00:36:09,822 --> 00:36:12,501 could be an astonishing 970 to 1. 791 00:36:12,564 --> 00:36:14,926 MARY: Netscape had that stability. 792 00:36:15,012 --> 00:36:17,495 The flood of press they got from the massive IPO 793 00:36:17,529 --> 00:36:19,176 definitely didn't hurt, though. 794 00:36:23,387 --> 00:36:25,482 BARKSDALE: Yeah. Thanks, Danny. 795 00:36:25,522 --> 00:36:27,787 I appreciate it. Okay, you too. 796 00:36:27,839 --> 00:36:29,510 Bye. What's up? 797 00:36:29,557 --> 00:36:31,502 SIINO: I have reporters from Wall Street Journal, 798 00:36:31,557 --> 00:36:34,682 New York Times, Forbes, Wired, the Chronicle, 799 00:36:34,721 --> 00:36:37,356 and about ten other news agencies all asking for interviews. 800 00:36:37,403 --> 00:36:39,242 - How do you want to handle it? - BARKSDALE: Put together a list 801 00:36:39,317 --> 00:36:42,012 and we'll come up with a game plan with Jim and Marc. 802 00:36:42,037 --> 00:36:43,223 - Okay. - That reminds me... 803 00:36:43,270 --> 00:36:45,426 Hey, everybody. Quick word. 804 00:36:45,457 --> 00:36:46,991 As you can imagine, 805 00:36:47,024 --> 00:36:49,928 there is a lot of interest from the press 806 00:36:49,966 --> 00:36:51,326 in our company right now. 807 00:36:51,380 --> 00:36:53,513 Phones are just ringing off the hook. 808 00:36:53,568 --> 00:36:56,613 I'm sure you're aware of the feeding frenzy outside the front door, 809 00:36:56,666 --> 00:36:58,067 here's the thing: 810 00:36:58,129 --> 00:37:02,315 please, do not say anything to the press 811 00:37:02,418 --> 00:37:06,486 unless we, your bosses, have approved it. 812 00:37:06,544 --> 00:37:07,946 Okay? 813 00:37:07,979 --> 00:37:10,078 All right, back to work. 814 00:37:10,148 --> 00:37:11,789 Whoo! 815 00:37:11,883 --> 00:37:14,523 SIINO: Actually, they just want to speak with Marc. 816 00:37:14,570 --> 00:37:18,455 I guess, you know, he's 24 and... [laughs] 817 00:37:20,558 --> 00:37:22,478 BARKSDALE: Right, yeah, that makes sense. 818 00:37:23,840 --> 00:37:25,402 Hey. 819 00:37:27,011 --> 00:37:31,066 As much as I admire your discipline, if you were ever inclined 820 00:37:31,136 --> 00:37:34,973 toward an 8-ball and a hooker, today would be the day. 821 00:37:35,564 --> 00:37:37,173 ANDREESSEN: Well, the night is young. 822 00:37:37,875 --> 00:37:41,747 BARKSDALE: So, Marc, we need to talk about press. 823 00:37:41,779 --> 00:37:44,809 Every blue chip member of the 4th Estate is barking down our door, 824 00:37:44,834 --> 00:37:46,106 and they all want to talk to you. 825 00:37:46,168 --> 00:37:48,168 ANDREESSEN: Yeah, sure. Anything to help the company. 826 00:37:48,207 --> 00:37:49,587 CLARK: Okay. Great. 827 00:37:49,622 --> 00:37:54,928 In the meantime, are you planning on enjoying any of this? 828 00:37:55,593 --> 00:37:58,811 ANDREESSEN: You know, after today, we have to deliver 10,000%. 829 00:37:58,881 --> 00:38:02,569 I mean, that's obviously ridiculous, you understand hyperbole, Jim? 830 00:38:02,634 --> 00:38:06,082 2.0 has got to dominate the browser market critically and financially. 831 00:38:06,129 --> 00:38:07,871 And right now, our plug-in support is weak, 832 00:38:07,910 --> 00:38:09,465 our mail element isn't even happening, 833 00:38:09,490 --> 00:38:12,345 and about ten other things we promised are still in the idea phase. 834 00:38:12,382 --> 00:38:13,929 So... 835 00:38:13,992 --> 00:38:16,188 CLARK: Okay. Got it. 836 00:38:16,237 --> 00:38:19,977 But you're still coming to the party tonight, yes? 837 00:38:22,921 --> 00:38:25,125 BARKSDALE: Marc? Hey, man. 838 00:38:25,169 --> 00:38:26,906 CLARK: Marc? 839 00:38:27,366 --> 00:38:29,383 - You coming to the party? - ANDREESSEN: Oh, there it is. 840 00:38:30,033 --> 00:38:31,926 Um... 841 00:38:32,021 --> 00:38:33,926 Yeah. Yeah, definitely. 842 00:38:33,965 --> 00:38:35,442 BARKSDALE: Well, all right. 843 00:39:01,446 --> 00:39:04,324 PATERNOT: We broke 75,000 daily visitors this week, 844 00:39:04,394 --> 00:39:07,004 and apparently it doesn't mean [bleep]! 845 00:39:10,734 --> 00:39:12,800 Where does this leave us? 846 00:39:13,200 --> 00:39:16,160 KRIZELMAN: Another round of begging friends and family for money? 847 00:39:17,926 --> 00:39:19,574 PHILLIP: So? 848 00:39:21,389 --> 00:39:23,011 Damn. 849 00:39:24,027 --> 00:39:26,027 You guys see this yet? 850 00:39:26,899 --> 00:39:29,719 It's crazy. 851 00:39:33,124 --> 00:39:34,792 KRIZELMAN: Are those numbers right? 852 00:39:34,826 --> 00:39:37,060 PHILLIP: Bro, that's the Wall Street Journal. 853 00:39:37,133 --> 00:39:40,404 KRIZELMAN: Steph. Steph! Check this out. 854 00:39:43,901 --> 00:39:47,131 PATERNOT: It closed at $58? 855 00:39:47,246 --> 00:39:49,683 And got up to 74? 856 00:39:49,724 --> 00:39:50,920 Where did they price it? 857 00:39:50,990 --> 00:39:54,454 - KRIZELMAN: $28. - PATERNOT: $28? 858 00:39:54,501 --> 00:39:56,845 PHILLIP: You think Netscape could just, like, give us some money? 859 00:39:56,870 --> 00:39:58,275 Seems like they got enough of it. 860 00:39:58,326 --> 00:40:00,845 PATERNOT: If anyone needed proof that the Internet is real, 861 00:40:00,907 --> 00:40:02,593 here you go. 862 00:40:02,624 --> 00:40:05,589 KRIZELMAN: It's the biggest tech IPO since Microsoft. 863 00:40:05,622 --> 00:40:09,031 PATERNOT: Call 'em all. Aunts, uncles, half-cousins. 864 00:40:09,078 --> 00:40:11,172 We just need to keep this thing alive for the next few months. 865 00:40:12,055 --> 00:40:13,789 KRIZELMAN: Then what? 866 00:40:14,578 --> 00:40:16,958 PATERNOT: All those [bleep] fools who just turned us down 867 00:40:16,989 --> 00:40:19,104 are gonna be throwing money at us. 868 00:40:19,136 --> 00:40:21,137 Trust me. 869 00:40:23,585 --> 00:40:26,722 [party sounds] 870 00:40:32,587 --> 00:40:34,056 - Sounds good. - CLARK: Hey, hey, hey! 871 00:40:34,111 --> 00:40:35,251 Everybody, everybody, everybody. 872 00:40:35,290 --> 00:40:36,931 Who's got, who's got... Everybody have a drink? 873 00:40:36,995 --> 00:40:38,341 - BARKSDALE: Here buddy. - Everybody have a drink? 874 00:40:38,366 --> 00:40:39,412 - BARKSDALE: You need one. - Okay. 875 00:40:39,462 --> 00:40:41,842 CLARK: Um, a little over a year ago, 876 00:40:41,912 --> 00:40:45,148 we... we... we... 877 00:40:45,211 --> 00:40:47,383 launched this sucker 878 00:40:47,445 --> 00:40:51,599 with a few million and a pipe dream. 879 00:40:51,669 --> 00:40:59,221 And as of today the company is valued at just under $3 billion. 880 00:40:59,260 --> 00:41:00,971 [cheers] 881 00:41:01,024 --> 00:41:03,555 CLARK: I'd say that's a... That's a very good year. 882 00:41:03,626 --> 00:41:07,085 BARKSDALE: And I would say it's safe to say that 883 00:41:07,135 --> 00:41:09,429 we are the top browser in the business. 884 00:41:09,480 --> 00:41:11,382 So congratulations! 885 00:41:11,431 --> 00:41:13,602 [cheers] 886 00:41:13,695 --> 00:41:15,922 ANDREESSEN: It also makes us a target. 887 00:41:16,016 --> 00:41:17,637 - So... - Yep. 888 00:41:19,177 --> 00:41:22,684 So keep on going. It doesn't stop now. 889 00:41:27,854 --> 00:41:29,563 In the startup world, 890 00:41:29,649 --> 00:41:31,837 you're either a genius or an idiot. 891 00:41:31,910 --> 00:41:35,141 You're never just an ordinary guy trying to get through the day. 892 00:41:35,203 --> 00:41:38,201 You know, the Internet has always been, and always will be, 893 00:41:38,248 --> 00:41:39,459 a magic box. 894 00:41:39,514 --> 00:41:42,620 And we reached in and pulled out one magical coin. 895 00:41:42,654 --> 00:41:44,623 So for a day, we got to be the geniuses. 896 00:41:44,656 --> 00:41:45,966 For a day. 897 00:41:46,026 --> 00:41:47,419 And in my opinion, 898 00:41:47,475 --> 00:41:50,185 even a day is way too long to rest on your laurels. 899 00:41:53,576 --> 00:41:57,234 DARRIN: Hi. Yes, I'm trying to get a round trip ticket to San Jose. 900 00:41:57,267 --> 00:42:00,256 Actually, make that one way. 901 00:42:00,337 --> 00:42:02,905 Yes. First thing tomorrow. Early as possible. 902 00:42:03,837 --> 00:42:06,600 Yes, I'll hold. 903 00:42:07,812 --> 00:42:11,675 Something in the way 904 00:42:12,698 --> 00:42:16,683 Ummmmm 905 00:42:17,292 --> 00:42:21,296 - Something in the way, yeah - FENNE: Hi, I'm Michael Fenne. 906 00:42:21,334 --> 00:42:22,594 REPORTER [over TV]: When Netscape went public 907 00:42:22,642 --> 00:42:25,079 investors couldn't get enough of the stuff. 908 00:42:25,134 --> 00:42:27,734 The company has a 70% share of sofware 909 00:42:27,790 --> 00:42:30,054 used to navigate the world wide web. 910 00:42:30,119 --> 00:42:32,222 That's the most traveled part of the internet. 911 00:42:32,277 --> 00:42:36,417 Synced & corrected by kinglouisxx www.addic7ed.com 912 00:42:36,464 --> 00:42:41,236 Something in the way, yeah 913 00:42:41,317 --> 00:42:45,861 Ummmmm 914 00:42:50,765 --> 00:42:55,159 Ummmmm 915 00:42:55,209 --> 00:42:59,759 Repair and Synchronization by Easy Subtitles Synchronizer 1.0.0.0 73264

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