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[typing]
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GUMBEL: I guess I was
doing that little tease.
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That little mark with the "a"
and then the ring around it.
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At.
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GUMBEL: See, that's what I said.
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Katie said she thought it was about.
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- COURIC: Yeah.
- Oh.
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00:01:04,238 --> 00:01:06,432
- GUMBEL: But I've never heard it said.
- COURIC: Or around.
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GUMBEL: I've seen the mark
but never heard it said.
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And then it sounded stupid
when I said it @NBC.
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What is Internet anyway?
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COURIC: Massive computer network.
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GUMBEL: What do you,
write to it like mail?
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COURIC: Allison, can you
explain what Internet is?
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PATERNOT: The Internet back
in '94 was cans with a string.
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Nobody knew what the web was,
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and there very, very incarnations of
something called browsers.
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ANDREESSEN: They still really have
zero concept of what Netscape is.
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BARKSDALE: They don't even
know what the Internet is.
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ANDREESSEN: They don't even know
the Internet is the Internet.
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BARKSDALE: Most people had not
really used the Internet,
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the vast majority of people hadn't
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used the Internet before
the Netscape Navigator was
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introduced because you couldn't.
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It was too damn hard.
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MURRAY: "It's a web browser."
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And I'm like, "What's,
what's a web browser, dude?
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Like, what is that?"
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"This is the way that you
can visually see
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everything that
we already do on the net."
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HUFFINGTON: When the
Netscape browser was invented,
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00:02:03,053 --> 00:02:06,771
it changed the whole
experience of being online.
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CLARK: Let's open this sucker up,
and see what she can do!
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HUFFINGTON: Netscape made it possible
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to really explore
incredible parts of the online
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universe that we didn't
even know existed before.
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PATERNOT: We want to
bring people together.
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00:02:24,391 --> 00:02:26,194
We want to build a digital community
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00:02:26,242 --> 00:02:28,093
through shared interests
from people all over the globe.
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An international social network of users
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who can connect solely
through their computers.
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KRIZELMAN: We want
to change the world, man.
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PATERNOT: We wanna
change the [bleep] world.
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HUFFINGTON: I'm sure TheGlobe
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00:02:39,539 --> 00:02:43,970
founders would like a dollar for
every time somebody asks them,
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00:02:43,995 --> 00:02:46,876
so you were like Facebook
before there was Facebook?
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00:02:46,924 --> 00:02:48,634
KRIZELMAN: In the beginning,
we were talking about names like
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00:02:48,689 --> 00:02:51,332
TheGlobe and TheWorld and things that
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implied a global community.
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PATERNOT: I remember having a
flash in what cyber could be.
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This is a new world.
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This is day one of an
entirely new world.
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00:03:01,608 --> 00:03:03,702
That you could create a location
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00:03:03,741 --> 00:03:06,662
that people could go to
and have an experience
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in a virtual space.
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FENNE: Could you
conceivably do this live?
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Like a live TV broadcast.
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DUNNING: Well, yeah, that's
the idea, eventually.
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FENNE: This is it! This is what
I've been seeing in my vision.
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Hi. I'm Michael Fenne.
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CUBAN: What Pixelon was claiming
they were gonna be able to do,
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is deliver TV to your PC.
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GOODIN: The entire engine
that was driving
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the Pixelon train was Michael Fenne.
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A golden tongue salesman,
who had a vision.
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HUFFINGTON: Michael Fenne
was an unlikely mastermind
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selling something that we
now take completely for granted.
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- Yeah!
- [cheering]
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GOODIN: I got a chance
to meet Michael Fenne.
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And almost immediately there just,
something didn't seem right here.
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PATERNOT: The Internet felt more
like the Wild West
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where you were going beyond the
frontier that people knew.
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MURRAY: It was amazing,
and you just watched
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this crazy circus take place.
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[dial up internet]
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Synced & corrected by kinglouisxx
www.addic7ed.com
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BERLIN: Yeah, so Silicon Valley
was originally known as the
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Valley of the Heart's Delight.
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And it was this incredibly
beautiful place.
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With orchards just as
far as the eye could see.
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People would talk about it
in this sort of Edenic way.
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It felt to people like paradise.
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RULON-MILLER: Silicon Valley was about
San Jose and peach orchards
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00:04:46,079 --> 00:04:49,701
being turned into buildings for
semiconductors and disk drives.
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And some emerging thing called software.
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00:04:51,318 --> 00:04:54,888
BERLIN: From the '40s to the '80s,
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the orchards were being replaced by
one tech after another.
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00:04:58,133 --> 00:05:01,539
Apple, Atari, Genentech, Intel.
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00:05:01,603 --> 00:05:05,129
But nothing ever compared to
what happened in the '90s,
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00:05:05,161 --> 00:05:06,442
when the Internet hit.
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00:05:06,475 --> 00:05:07,739
- ROSENSWEIG: The Internet.
- GOODIN: The Internet.
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00:05:07,793 --> 00:05:09,077
- CESPEDES: The Internet.
- LENZ: The Internet.
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00:05:09,121 --> 00:05:10,145
- BARKSDALE: The Internet.
- KRIZELMAN: The Internet.
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00:05:10,178 --> 00:05:12,014
- HERNANDEZ: On the Internet.
- CLARK: The Internet.
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00:05:13,629 --> 00:05:16,746
BARKSDALE: The Netscape browser
certainly played a big part
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00:05:16,798 --> 00:05:18,754
in opening up the Internet.
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00:05:18,785 --> 00:05:20,560
Molly, you feeling better, darling?
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00:05:20,606 --> 00:05:23,396
The ability to sell product
on the network,
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to be entertained by the network,
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00:05:25,458 --> 00:05:26,958
communicate with other people.
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00:05:26,990 --> 00:05:30,505
All of those things were sort
of unheard of before 1994.
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00:05:30,575 --> 00:05:33,591
MURRAY: The browser was definitely
a neat and super-unique thing.
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It-it was basically the
best way to use the Net.
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HUFFINGTON: It made it
possible to really explore.
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Um, incredible
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parts of the online universe that
we didn't even know existed before.
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SEAN: It should be so simple,
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but it's just not doing what I want.
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When I hit return,
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the thing just crashes,
every single time,
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no matter what I do.
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ANDREESSEN: Okay, okay.
Just take a breath, Sean.
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SEAN: A breath? I haven't taken a
breath for like, eighteen months.
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00:06:03,765 --> 00:06:05,655
I'm used to being the
smartest guy in the room,
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00:06:05,679 --> 00:06:07,674
now I feel like I shouldn't
even be in the room.
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00:06:07,699 --> 00:06:08,712
ANDREESSEN: Sean.
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00:06:08,737 --> 00:06:10,893
Have you ever tried backing in
to one of these problems?
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00:06:10,941 --> 00:06:13,260
REPORTER [over TV]: Marc
Andreessen, the 23-year-old,
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00:06:13,307 --> 00:06:15,486
who helped create the Netscape software,
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benefited from a leap
of faith by investors.
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00:06:18,345 --> 00:06:20,081
RULON-MILLER: And what
was Mark Andreessen?
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00:06:20,115 --> 00:06:22,257
He was our Messiah of technology
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00:06:22,319 --> 00:06:24,251
and the inventor of the browser.
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00:06:24,252 --> 00:06:25,832
ANDREESSEN: You just
reverse the paradigm.
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00:06:25,857 --> 00:06:27,555
Because you know the solution, correct?
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00:06:27,589 --> 00:06:29,024
SEAN: Yeah, I do, the desired outcome.
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00:06:29,057 --> 00:06:30,826
ANDREESSEN: Okay, then
just work from there.
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00:06:30,858 --> 00:06:32,746
Backwards. Right?
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00:06:33,317 --> 00:06:36,704
MURRAY: Marc was basically visionary.
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00:06:36,774 --> 00:06:40,048
He saw way beyond the things that
were being done at the moment.
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00:06:40,134 --> 00:06:41,876
SIINO: He was just so bright.
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00:06:41,930 --> 00:06:44,290
You could tell that just
by talking to the guy.
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00:06:44,321 --> 00:06:45,434
SEAN: Wait. Really?
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00:06:45,473 --> 00:06:47,254
ANDREESSEN: You'll need to wrap it
in an extra div, and then
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00:06:47,285 --> 00:06:48,481
fire it up again. It'll work.
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00:06:48,529 --> 00:06:50,077
- SEAN: How did you do that?
- ANDREESSEN: I didn't do anything.
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00:06:50,102 --> 00:06:52,452
I just gave you a prompt. You did.
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00:06:52,510 --> 00:06:55,733
Remember: there are no stupid
questions, only stupid people.
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00:06:55,795 --> 00:06:57,046
BARKSDALE: He's rather blunt.
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00:06:57,085 --> 00:06:58,913
SIINO: I think the
word would be arrogant.
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00:06:58,953 --> 00:07:03,130
BARKSDALE: And I don't think Marc
ever suffered fools lightly.
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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.
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00:07:05,646 --> 00:07:07,749
ANDREESSEN: Yeah.
Almost forgot. Time flies.
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00:07:07,796 --> 00:07:09,195
CLARK: All of us were quite aware that
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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.
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00:07:15,069 --> 00:07:16,954
I thought this was an explosive thing.
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00:07:16,985 --> 00:07:20,101
I thought we were gonna continue
to grow explosively,
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00:07:20,149 --> 00:07:22,289
so I suggested,
"Why don't we try to go public?"
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ANDREESSEN: Barksdale and I
were less certain
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00:07:24,621 --> 00:07:26,831
and in fact, I was fairly adamant that...
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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.
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00:07:30,393 --> 00:07:33,399
KARNA: Um... Yeah. I mean, yeah.
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00:07:33,454 --> 00:07:36,576
Hey everyone, I'm not
really Marc Andreessen.
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00:07:36,615 --> 00:07:38,809
Um, you know, my name's John Karna.
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00:07:38,834 --> 00:07:42,076
I'm the actor who you've been
watching playing Marc Andreessen,
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00:07:42,114 --> 00:07:45,740
but, um, yeah, I'm not him. [laughs]
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00:07:45,756 --> 00:07:47,873
The real Marc Andreessen
would probably rather munch
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00:07:47,929 --> 00:07:50,612
on a tasty snack of goat balls
and broken glass
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00:07:50,659 --> 00:07:53,330
than reminisce about the good
old days at Netscape;
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00:07:53,378 --> 00:07:54,424
which is to say,
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00:07:54,455 --> 00:07:56,745
Marc is a very
forward-looking individual,
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00:07:56,799 --> 00:07:59,963
he's not a "those were the best
years of our lives" kinda guy.
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00:08:00,022 --> 00:08:03,798
But I'm an actor; so I will
say pretty much anything.
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00:08:03,823 --> 00:08:05,190
Oh, and from here on out, you know what,
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00:08:05,214 --> 00:08:06,409
I'm just gonna try to stick to things
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00:08:06,448 --> 00:08:09,495
Marc Andreessen actually said or things
he would be likely enough to say
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00:08:09,558 --> 00:08:12,024
that he won't sue us.
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00:08:12,102 --> 00:08:14,976
BARKSDALE: Don't get me wrong,
I'm nothing but smiles over here,
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00:08:15,001 --> 00:08:18,775
I'm just not 100% sold on going public.
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00:08:18,800 --> 00:08:22,712
My old advice had always been,
a company had to show
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profitable results
for three years in a row
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00:08:25,234 --> 00:08:27,006
before you could consider an IPO.
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00:08:27,054 --> 00:08:30,301
The main thing is, I'm hearing a lot
of feelings, not a lot of facts.
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00:08:30,364 --> 00:08:34,067
CLARK: Let's let go of the reigns
here, let this sucker run.
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00:08:34,113 --> 00:08:36,541
Sales have doubled in a quarter.
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00:08:36,574 --> 00:08:38,344
Is that fact enough for you, Jim?
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00:08:38,385 --> 00:08:40,852
BARKSDALE: The company
was barely a year old.
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00:08:41,808 --> 00:08:43,018
Unheard of.
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00:08:43,043 --> 00:08:44,855
ANDREESSEN: It's just words,
but as of yet,
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00:08:44,899 --> 00:08:47,254
we haven't hit several
benchmarks for version 2.0.
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00:08:47,313 --> 00:08:49,209
And I'm guessing that matters, yes?
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00:08:49,264 --> 00:08:51,295
CLARK: Great. So we launch the IPO,
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00:08:51,319 --> 00:08:53,194
get a ton of capital to fund this thing
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00:08:53,247 --> 00:08:57,233
and then 2.0 makes 1.0 look
like a stone and chisel.
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00:08:58,684 --> 00:09:00,954
It gives us room, guys.
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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,
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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,
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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.
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00:09:55,971 --> 00:09:57,506
Marc Andreessen.
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00:09:57,539 --> 00:09:59,319
I just wanna get back
to working on the product
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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
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