All language subtitles for Valley of The Boom s01e02 Pseudocode.eng

BARKSDALE: I'm just not
100% sold on going public.

CLARK: Even with Microsoft
entering the arena,

the IPO gives us
room to expand,

to stay ahead,
not just keep up.

PATERNOT: Till we need more
money, I can make some calls.

KRIZELMAN: We won't be
able to keep it afloat with a few grand here and there.

PATERNOT: Netscape
reached $5 million from a 30-minute meeting.

KRIZELMAN: We need
venture capitalists.

CLARK: NASDAQ is pumping.
Why don't we have a price?

BARKSDALE: $71 a share.

KRISELMAN: Another
round of begging friends and family for money?

-Did you guys see this yet?

PATERNOT: If anybody needed
proof that the Internet is real, here you go.

BARKSDALE: We are the top
browser in the business, so congratulations.

[cheers].

ANDREESON: It also
makes us a target.

DARRIN: I'm trying to get a
round trip ticket to San Jose.

Actually make that one-way.

-Hey there, are
you uh new to town?

FENNE: I sure am.

I'm actually looking
for some office space.

REPORTER [over TV]:
When Netscape went public, investors couldn't get enough.

FENNE: Huh. I'm
Michael Fenne.

♪ -In New York City

♪ In New York State ♪

HUFFINGTON: The boom
was a product of what we now call FOMO,

you know the
fear of missing out.

RULON-MILLER: Did we attract
a lot more people who thought they could make money?

HUFFINGTON: So you had a
very large number of people who didn't understand

what these products
were, they wanted to take it on the train even

though they didn't
know where the hell the train was going.

CUBAN: Everybody thought they
could get rich with a website, with a, new technology,

with an advancement of
the technology, you know,

and people who weren't
making money felt like they were left out.

GOODIN: It was most
definitely a gold rush.

[cheering].

GOODIN: The rush to become
the next Yahoo or the next Amazon.com is exactly what

made everybody
look the other way, uh and allow Michael Fenne

to pull the wool
over people's eyes.

♪ With mighty chest
and voice so mellow ♪

♪ I am a most
beautiful fellow ♪♪

FENNE: I am doing
Marcus Aurelius in the Easter drama here

and I have to wear a
Roman legion battle toga.

It is so cool.

I was trying
to take a picture and show you the new me,

but I am still afraid that
names deleted may betray me and take it to the officials.

I finally got my
hair the way I intended.

It took five treatments
with salon coloring, but it looks absolutely good.

Even if I could I would not
go back to my original color,

because this looks so cool.

Almost blinding.

When I get my face done, even
name deleted may not recognize me when I see her this summer,

but she'll know me,
I know she will.

I am getting brown now,
very hot here, and am, yes, supplementing with a tanning

bed for the Easter drama,
since Romans were bronze.

♪ These big sweet
lips that I carry ♪

♪ I plant on
everything I marry ♪♪

FENNE: What say
you, Lucius Veras?

-Marcus Aurelius, is
it the truth you tell?

FENNE: Everything we hear
is an opinion, not a fact.

Everything we see is a
perspective, not truth.

-But sir, do you or
do you not dissemble?

FENNE: Do you not see?
It matters not.

Our life is what
our thoughts make it.

-Marcus Aurelius,
I beseech you.

Defend the city of
Rome and its citizens.

Senators, we must
speak of war provisions.

♪ To keep
myself in shape ♪

♪ And make the
little girls go ape ♪

♪ I'm just so pretty ♪

♪ Just so pretty ♪

♪ Oh, I'm so beautiful ♪♪

REPORTER [over TV]:
The Silicon Valley money machine is still cranking.

REPORTER [over TV]: They
are buying the $4 million, the $3 million homes.

REPORTER [over TV]: Welcome
to the front lines of the technology revolution.

REPORTER [over TV]:
These kids are 25 to 35.

And they've all made it.

ROSENSWEIG: There was The
Valley before Netscape.

And The Valley
after Netscape.

BERLIN: Things were
changing like this, gradual, gradual, and then boom!

Hockey stick, you were in
a completely different place.

ROSENSWEIG: They were raising
fund after fund after fund.

$400 million, $800 million
to invest in this new thing called the Internet.

BERLIN: Never had there
been anything on the scale of what happened

when the Internet hit
and the dot com showed up.

ROSENSWEIG: There was
a proliferation of wealth and there were different

kinds of
people moving here.

All the
Harvard Business School started to come in when they

would never come to
Silicon Valley before this.

MURRAY: It was much
more of a scene.

It became a scene.

CUBAN: Once you came
up with a, an idea.

Well then it was just a
question of getting people to believe in that idea

and riches were possible.

HUFFINGTON: Netscape
really changed everything,

the beginning of what now has
become much, much more common.

To have an engineer,
a geek, become a rock star.

-This is absolutely
the number one seller.

-And how much does
this one go for?

-They're approximately a
quarter million dollars.

-Wow.

REPORTER [over TV]:
February was a great month at Ferrari of Los Gatos.

REPORTER [over TV]: The
Nasdaq was soaring and its Silicon Valley customers

rushed to convert
stock market riches:

into sinew, steel
and fire engine red paint.

-We sold 7 of these things
in one Friday afternoon.

CLARK: D'Anne was just a
warm, nice jovial person.

So I think she made everyone
feel at home and at ease

and she was a little
like a den mother.

You always need
someone like D'Anne.

D'ANNE: I was
Jim Clark's secretary.

When he started Netscape
with Marc Andreessen, he said,

it's a risk with
pretty much zero job security,

but I can offer you
stock options, and I was in.

The boys called
me "Netscape Mom."

And, y'know, it worked out.

I worked so hard
to literally dress these guys and tie their ties but,

after the IPO,
suddenly I was rich!

And overnight, "Netscape"
was a name that everyone knew.

Hi Marc.

ANDREESSEN: Hi, D'Anne.

RULON-MILLER: What
changed in our culture or individually after the IPO,

not as much as
you would think.

A lot of it was
nose to the grindstone,

"We've got a mission and a
vision to change the world."

I mean, some of
us knew we'd made money, don't get me wrong.

We weren't stupid.

But we had a higher
paradigm and vision of what we wanted to do.

D'ANNE: Yeah baby,
blow the top off!

It just keeps going up
and you can see it happen!

BARKSDALE: Hey, guys,
know how we feel about celebrations of success.

Let's just keep our
eyes on the prize.

D'ANNE: Jim.
BARKSDALE: Yeah?

D'ANNE: We already
got the prize.

And our stock just went
up another 12%.

BARKSDALE: I hear you,
darling, I really do.

I just want to make sure we're
all focused on getting this company to the finish line

so we can all keep all this
imaginary stock option money.

Because it ain't
real till it's real.

D'ANNE: Fair, fair enough.

BARKSDALE: Alright.

CLARK: And this is
another Barksdale quote:

"The main thing
is to always keep the main thing the main thing."

That's what Barksdale was
trying to do when he said

don't get too
distracted about this IPO.

BARKSDALE: Oh, and D'Anne.

Some of these people
weren't here before the IPO.

I just wanna make sure
they're excited to be here and they all feel like

they're part of the team, so.

D'ANNE: Got it.
BARKSDALE: You get it.

D'ANNE: Yeah.
It went up again!

BARKSDALE: Good
morning, Sunshine!

ANDREESSEN: Okay
Jim, whatta you want?

BARKSDALE: Why does it mean
I want something just cause I greet you in a friendly manner?

ANDREESSEN: Do I need
to repeat the question?

BARKSDALE: Okay, fine,
I'll skip the niceties.

We're taking the
Microsoft meeting.

ANDREESSEN: Ok.

BARKSDALE: I want
to see their cards.

ANDREESSEN: I can
tell you what's in their hand right now.

BARKSDALE: Lay it on me.

ANDREESSEN: Gates will try
to close us on some kind of strategic partnership.

And then basically lock us up
in their tower like Rapunzel.

BARKSDALE: Or eliminate
us entirely like a gnat.

ANDREESSEN: Nah,
we're too big.

BARKSDALE: Really?
ANDREESSEN: Well aren't we?

BARKSDALE: Next to Microsoft?
ANDREESSEN: Market share.

BARKSDALE: True. But I doubt
Bill Gates sees it that way.

ANDREESSEN: True.
Great talk.

BARKSDALE: Always.

FENNE: Really nice space.
Really nice. I like it.

CHUCK: Thanks. Yeah,
well, it works out.

FENNE: Yeah. Well, I can
definitely help you out,

bring your people
into the 21st Century.

I know the complete
Office Suite very well.

In fact, I'm friendly with the
Microsoft team in Redmond,

it really is a small
community of innovators.

CHUCK: Really? Well,
that's very impressive.

I'm still kinda
getting up to speed.

FENNE: Thing is, I've
got some pretty big things going on, so.

CHUCK: Big things?

FENNE: Oh, the Internet
is changing the game, Chuck.

But you know
better than anyone,

anyone that doesn't
get on board is gonna miss out in some very meaningful ways.

CHUCK: Well, I'm
hoping to get on board.

FENNE: I'm in the process of
not only changing the game, but blowing the game to bits.

Revolutionary stuff,
consulting some pretty big players.

CHUCK: That's exciting.

FENNE: Lord help me.
Saudis, you name it. Yeah.

Big money, big headache!

CHUCK: I guess.

FENNE: Yeah. I can help
you out during the day, okay,

and then I'll just
get most of my business done later or at night.

Sound good?

CHUCK: Terrific. Uh, the way
we work it around here is you

just give me a small deposit,

I'll cut you a good deal
on the space in exchange for some lessons.

FENNE: Or, how about
this: let's just skip the deposit and lowered rate,

and I just cut you
in on my repair gig,

slide over some
of that Saudi money? 5%?

CHUCK: Oil money?
Hell yeah, that could work!

FENNE: Alright.
CHUCK: Alright.

PATERNOT: Jesus
Christ, I am so tired.

DARRIN: Allow me.

That's okay, I'll
get the next one!

Like it's that easy for
a brother to get a cab around this mother...

Hi! Hi, hi.
Hey there. Remember me? No?

Well, that's okay, most
people don't remember the stockbrokers.

But me myself, yeah,
I'm going be here for a while, so get used to me.

The name's at
the bottom. Check it.

Name is not
at the bottom. Uh.

Has anybody seen my chyron?
Has anybody seen my chyron?

I apologize ma'am.
You didn't deserve that.

There it is, oh!
It's Darrin, here we go, just.

My name is Darrin.
Sagittarius.

My turn-ons, well check
it out, I like let's see, long walks on the beach.

I like private jets.

Milton Friedman-style
free market capitalism.

I mean, look at them.

Aren't they just adorable?

You know, it's easy to look
at them now and know they were on the right track, at least,

at least that they were
in the right zone.

I mean, these dudes
basically invented Facebook.

And you can keep your pithy
comment, Mark Zuckerberg;

you got a lot on
your plate right now. Shh.

But what if we were talking
not about "social networking," but I don't know, uh,

bitcoin or self-driving
cars or something that geeks are geeking about today,

would you just know
that it was right then?

Gotcha, didn't I?
Cue the taxi.

Cue the sheer disappointment
on my face when I realize,

they ain't pickin'
up brothers right now.

Hard to get a taxi
around here, you know.

I should create
an app for that.

That'll never work.

It's not much, but I'm
gonna make it my home from this day forward,

and you know what
I'm gonna do?

I'm gonna make J-Lo-sized
buttloads of money right here in this bland little strip

mall called Silicon Valley.

That's what I'm gonna do.

Oh, wow, do you smell that?

That is the smell
of billions and billions of dollars beginning

to pour into the Valley.

Oh, yeah.

Wall Street has finally got a
new favorite child, one that seemed to skip the coltish

adolescence with the
headgear adnt he face acne,

and turn into an
overnight supermodel.

Oh.

Good luck, fellas!

PATERNOT: I think within the
first month, there were always users in one of our chatrooms,

let's launch the second
chatroom and then a third chatroom and our user base

went from a few hundred
users the first month to a few thousand second month,

to like 10, 15,000 the next
month and it kept doubling up, month over month.

The most frustrating thing
for us, was knowing not only were we on to something

revolutionary, but that we
were exploding in growth

and couldn't get enough
money to help us support it.

KRIZELMAN: I don't know, man.
I don't know anything anymore.

PATERNOT: Well, Todd,
we better figure out how we're gonna fake it.

We're broke. Again.

KRIZELMAN: I feel like we
go broke every two weeks.

PATERNOT: Yeah, that
sounds about right.

KRIZELMAN: I mean,
what the hell.

Bob Halperin is a
really smart dude.

PATERNOT: Raychem was huge.

KRIZELMAN: But, he's
used to putting his money into a product,

something he could
hold in his hand.

This is not a tech guy,
certainly not a guy who's gonna respond to a web-based,

non-monetizing, non-product.

PATERNOT: Netscape.

KRIZELMAN: We're not
selling Netscape.

PATERNOT: But Netscape
is selling us.

KRIZELMAN: Okay,
Obi-wan. Spit.

PATERNOT: All we have
to say is "Netscape."

That's all anybody's
talking about in the Valley.

Nobody gives a crap
about anything else.

And what is Netscape?

KRIZELMAN: I dunno, rich?

PATERNOT: Yes. And web-based.

KRIZELMAN: I hear you,
Steph, and yet all I hear when we go to pitch

this idea is a
giant sucking sound.

PATERNOT: All we need
is somebody who's willing to roll the dice with us.

KRIZELMAN: Before
we go bankrupt.

PATERNOT: Hey Todd.
KRIZELMAN: Yeah?

PATERNOT: Do we really
have to sleep in your childhood bunk beds again?

KRIZELMAN: They're free.

REARDON: We were just
getting better and better at recruiting.

We became the place
if you were a serious high-end software engineer

to come and work.

We were killing it.

I will say, I've never
worked any place in my life as competitive as Microsoft,

like Microsoft
liked competition.

MURRAY: Microsoft is
gonna compete with us?

That's insane.

They're like,
they're a mountain.

They focus on market
share, like owning markets.

We saw, you know, Microsoft
doing probably everything they could come up with to erode

our market share and we
just didn't play like that.

We didn't respect that.

Netscape was about trying to
bring the Internet to people.

Microsoft was about
market share, and they did it exceptionally well.

BARKSDALE: Gentlemen.

The browser war began
as a news story.

I don't know who
coined the term.

We didn't coin it.

MURRAY: We're in a
browser war, dude.

What's that?

BARKSDALE: You keep sittin'
there, you're gonna find out.

DARRIN: Ok,
I get it. Cue yawn.

So here is what I am going
to do for you, I'm gonna liven things up a little bit,

you know, you get the juices
goin', I'm gonna bring in a couple of mob boys,

some freestylers that I know,
Checkmate and Concise, and they're gonna tell you exactly

what the Browser
Wars were in a classic mid-90s style rap battle.

And for your listening
pleasure, yours truly will provide the beat.

[beat boxing].

♪ Lemme tell y'all a story
about a mighty company ♪

♪ Ruled the world of
software up until '93 ♪

♪ Then Bill Gates
wanted Netscape dead ♪

♪ So he called
a fateful meeting this is what he said ♪

♪Yo, before you keep on lyin'
let me make a [bleep] point ♪

♪ That up until this moment
Netscape ran the joint ♪

♪ The idea of the 'net
flew over Bill Gates' head ♪

♪ Andreessen, Clark
and Barksdale had the browser makin' bread ♪

♪ Netscape shows up with
their brand of perspicacity ♪

♪ Blended oh so sweetly
with unusual tenacity ♪

♪ While Gates and his crew
show a paucity of gravity ♪

♪ and a [bleep]
greed near-depravity ♪

♪ Right or wrong, 'cause
it doesn't really matter ♪

♪ When Gates bring out
the hammer, yo your kneecaps will shatter ♪

♪ Be that as it may this
whole thing is a bust ♪

♪ 'Cause what Bill Gates
did is called ANTI-TRUST! ♪♪

DARRIN: Oh my God!

REARDON: Uh, wanna
talk about this crazy meeting with Netscape?

BARKSDALE: We all remember
our side of the story, let's just put it that way.

CLARK: I didn't
like Microsoft. At all.

RULON-MILLER: I've
been saying they're good guys and I respect them.

Off-camera I would
say something.

ROSEN: Before we get too
far down the road, I just want to be really clear

that Microsoft essentially
owns the Internet.

If you wish to have
a partnership with us,

then you'll need to get
on board with the idea that Netscape needs to cooperate,

become a partner
who essentially builds on our core services.

REARDON: So, either
partner or compete.

And I think we all
know how that will go.

BARKSDALE: How do
you see that going?

ROSEN: Competing?

BARKSDALE: Yeah.
ROSEN: Seriously?

BARKSDALE: Yeah.
REARDON: Against Microsoft?

BARKSDALE: We were
the little guys.

We were one-one-thousandth
the size of Microsoft or something.

They were coming after us, you
know, pissed all of us off.

REARDON: The kind of meeting
that they talked about is not the kind of meeting I was in

and certainly not the
meeting that my colleague actually remember happening.

We were in the room with Jim
Barksdale who is one of the legendary CEOs in the history

of American commerce.

BARKSDALE: You don't wanna,
what's the ol' saying, spit on Superman's cape,

or something like that?

REARDON: So, the accounting
that we heard about that meeting of us going down there

and making these threats to
them has always cracked us up.

We found out later that
they had already retained this anti-trust counsel,

that they had been
trained on what kind of things to probe with us.

They were on a mission
to get some documentation uh to be able

to file anti-trust
claims against us.

This was a 2-hour
lunch meeting.

My colleague and I, like,
none of us were eating and uh, in the middle of the meeting a

pizza shows up to the
conference room that we're in.

And it's not a pizza for
us, it's a pizza for Marc.

Okay, we're all sittin'
around the table, hungry and Marc just opens up the box

and starts eating in
the middle of this meeting.

It was clear Marc was not
taking us seriously as peers or as an interested party.

He was sort of looking
at it as like a lark to meet with us.

I think it was deliberate,
like I think he's an incredibly calculating person,

and incredibly
socially cunning.

He's an elite thinker.

ANDREESON: You know what?

Sometimes a pizza
is just a pizza.

BARKSDALE: At one point
in the meeting, they said, well, how about we do this?

We'll take all
the browser business that runs on Microsoft software

and you all take the rest.

And I said well that's pretty
slim margin there, buddy.

MURRAY: The primary
desktop OS was Windows,

so they controlled
the platform that had the majority of our users.

BARKSDALE: That's really when
Microsoft officially declared their efforts against us.

Did that really just happen?

Did they just threaten us?

ANDREESSEN: I wrote it all
down, because I knew it would be too surreal to fathom.

But I didn't expect it
to go quite like that.

BARKSDALE: They
want us to what?

Take a little corner of
the Internet and disappear?

ANDREESSEN:
Yeah. Essentially.

BARKSDALE: Maybe
this is a good thing.

ANDREESSEN: In what way?

BARKSDALE: Maybe they
just broke the law.

FENNE: Damn these are good.

Looking good!

DUNNING: Michael Fenne?
FENNE: Huh?

DUNNING: Hi, I'm
Robert Dunning, nice to meet you. I'm a designer.

FENNE: Mhm.

DUNNING: A friend of mine
from the church said you might be a good person to talk to.

FENNE: Well, that depends on
what we're talking about, ha!

DUNNING: He said you might
be interested in investing in or developing new

Internet and
computer technology.

FENNE: Well, I have a
pretty broad grasp of various technologies. So.

DUNNING: Yeah.

Um, my pal Steve is a
horse-racing fanatic and he asked me if I

thought there was any way
that using, y'know, current technology that I could play

him some sort of feed from
the track so that, y'know when they parade the horses around?

FENNE: Yeah.

DUNNING: He's a real big
believer in that that sort of thing is a big indicator

of like, how the horse
is gonna do in the race.

FENNE: Yeah.

DUNNING: Anyway, because
there wasn't quite that kind of thing,

I began fooling around and.
Can I show you this?

FENNE: Sure.

DUNNING: Just a moment.
Let's see here. There we go.

FENNE: I do have a 3 p.m.

DUNNING: Yeah,
just be one second. Ok.

[dial up sound]

just loading.

Great. Ok, so
this is a really rough beta version. Log in.

FENNE: Wait.
What am I seeing there?

DUNNING: That's a
download of the video feed.

FENNE: That is impressive.
That's a really good picture.

DUNNING: Cool, huh?
I mean, I still have a lot more to figure out

because it's not even
a thing yet, but uh.

FENNE: Wait, so. Could
you conceivably do this live?

Like a live TV broadcast?

DUNNING: Well, yeah, that's
the idea, eventually.

Or at least nearly live,
if not simultaneous.

CUBAN: In order to stream live
video, you had to show it as a little post-it stamp size.

You'd be watching literally,
it'd be like that.

It was tiny.

But if you were able to
do full-screen almost TV quality video,

for a standard dial-up modem,
that would've been somethin'!

FENNE: Yes, Robert,
I think you may have the very beginnings

of something
quite promising.

Alright, hey, look at it.

See that? See it?

Yee shall be as of the
light of the mornin', when the sun rises.

Yes! Look. I might
be able to help you.

DUNNING: Really?

FENNE: Yeah.
I've been working a little in this arena myself.

DUNNING: In what capacity?

FENNE: I'm a big
picture kinda guy.

I mean, I understand most
of the nuts-and-bolts, but frankly,

I get a little bored
with 'em after a while.

DUNNING: I hear you.
It sure can be a grind.

FENNE: But I may
be able to provide some seed money and my staff,

if you're interested in
a creative partnership.

DUNNING: Wow.

FENNE: Because I look at
you and I see something, something I recognize,

a hunger or a desire
to prove yourself.

DUNNING: Haha.
You got me.

ANDREESSEN: We have a
wide range of competitors entering this space,

competing with just
one part of what we do.

The Microsoft browser
is basically what we did with Mosaic.

And I'm glad to see
they've caught up to what we did two years ago.

RULON-MILLER: That's good PR.

SIINO: Marc's cockiness
was never something I particularly felt good about.

And I think that article
is one of those that just felt to me like waving

a red flag
in front of a bull.

REPORTER: So you
don't see them as a threat?

"The Evil Empire?"

ANDREESSEN: I don't see it
as a matter of good or evil.

Microsoft is a competitor,
and a smart one.

And Jim and I just
think it's important to point out what Microsoft

is doing in various areas,

since they are very
good at using FUD to attempt to paralyze the market.

REPORTER: FUD?

ANDREESSEN: Fear,
Uncertainty and Doubt.

SIINO: Marc's comments
were never planned.

That's stuff again I wish
I could've controlled better.

BARKSDALE: It wasn't
a nice comment.

And it irritated him.

CLARK: I don't think
it was all that bad.

BARKSDALE: Don't
tease your competitor,

particularly one as big and
well-financed as Microsoft.

REARDON: We were a very
proud culture and we were a very aggressive culture

and they were uh, you know,
rattling the cage as it were.

Marc started to get a lot
more strident and aggressive and ad-hominum in his attacks,

that it wasn't like we were
wounded by them, we were sort of just like, whoa, ok,

you know, batter
up, let's go, uh.

I will say we went a
bit further than Marc did.

We actually printed his quotes
and put them on the wall inside of the building to make

sure that everybody walking
in the door knew what Marc was saying about us.

CLARK: They were gonna come
after us anyway, they started in 1994, the battle was on,

the war was gonna
happen no matter what and we had to have,

bring some levity
to the situation.

Without that you
just feel crushed.

BARKSDALE: They
took it too serious.

FENNE: Here's the deal;
the Internet is here to stay.

LARRY: And that's
a good thing?

FENNE: Oh my dear friend,
yes, that is a good thing.

Y'all ever hear of Netscape?

SHEILA: I've heard of it,
but I have no idea what it does.

FENNE: Exactly! I would argue
that even Netscape doesn't quite know what it does,

so don't feel too
badly about it.

What is your name again?

SHEILA: Sheila.

FENNE: Don't feel too
badly about it, Sheila.

They haven't come close
to making a profit.

They're valued today
at over $3 billion.

SHEILA: Hah!

FENNE: And, in my
less-than-humble opinion, what I'm doing down here in your

little city is gonna blow the
tops right off of the Netscapes and AOLs of the world.

GOODIN: San Juan Capistrano,
it's kinda the perfect place,

for him it's god an
affluent population.

Many of them had, you
know, a spare $150,000 to invest and he starts

to convince them that he's
got some really good ideas, that he could make a lot of

money from and you know,
people who invest in him could make a lot of money too.

LARRY: What exactly are you
doing in our little city?

FENNE: Well, I could
tell ya, Larry.

But then I'd have
to kill you!

No.

But seriously, it's like the
Wild West, and I just laid claim to a serious gold mine.

LARRY: So? You gonna
let us get a piece?

FENNE: There may be a
limited number of openings for discerning investors.

But this is
cutting edge stuff.

Very hard to explain
in a prospectus.

It's a leap of faith.

You know that saying
in the Bible, "Oh ye of little faith?"

SHEILA: I mean, I know it,
but I don't know it know it.

FENNE: When Jesus did his
walking on the water thing, y'all remember that, don't ya?

Matthew 14:28?

So Jesus he's walking on
the water, and Peter's right there by his side

and then Peter says, "Lord,
if it is you, command me to come unto You on the water."

And Jesus said to
Peter, he said, "Come."

And lo and behold, when
Peter turned his attention to Jesus, he walks on the water!

Just like the Lord!

And he's like, "Oh my God!
What the...?"

And the second he thinks about
it, he falls in the water.

And Jesus says, "Peter,
Oh ye of little faith, why do you doubt?"

It isn't that Peter didn't
believe, it's that he didn't have the duration of faith.

He was trying to hold
onto two things at once.

This is, and this can't be.

And the weight
of that sunk him.

I've been Peter before,
but right now I'm on this incredible ride,

where I know that this
"World Wide Web" stuff

is exactly where the
Lord wants me to be,

and where I am going
to be successful beyond my wildest dreams.

One thought, one faith.

Yes is yes.

LARRY: Well, I don't
want to bring "filthy lucre" into the mix,

but I would love to be part
of your endeavor, Michael.

SHEILA: Me too.
FENNE: To the Internet.

♪ A scrub is a
guy that thinks he's fly ♪

♪ And is also known
as a busta ♪

♪ Always talkin'
about what he wants ♪♪

GOODIN: San Jan is close
enough to Los Angeles that they could get executives

and artists,
actors, musicians, other types of people,

they could cut deals with.

It was far enough away
that it seemed to escape a lot of careful scrutiny.

♪ No, I don't
want no scrub ♪

♪ A scrub is a guy that
can't get no love from me ♪♪

GOODIN: At the time
you had this kind of jerky type of video stream that

was so common in,
you know, the mid-1990s.

FENNE: Wait, this
is incredible. Amazing.

DUNNING: That's pretty
great, isn't it?

FENNE: Robert, you're a
genius, an actual genius.

This is it.

This is what I've been seeing
in my visions, thank you.

So explain it to me again,

because I don't think
I quite understand what you're talking about.

DUNNING: Okay.

Well, I took a bunch of
existing technology and sorta Frankensteined it together.

FENNE: Frankensteined.

DUNNING: Again, it's
not my tech, but I did combine it in a new way,

and now what I have is,
well, I think it's what a lot of people have been trying

to crack for a
pretty long time.

I'm able to compress and
uncompress video to play back and with a bit of tweaking

I think it'll be pretty
good to broadcast live.

FENNE: Live. Hey, lookit.
I got goosebumps. This is it!

We are going to be
very, very wealthy men.

And very famous men.

And very celebrated,
and beloved men.

DUNNING: Well, I don't
really want all that, I just wanna pay off my mortgage,

get braces on my daughter.

FENNE: You're gonna pay
your mortgage off in cash.

And you're gonna give your
daughter solid gold braces.

DUNNING: Again, not really.

FENNE: Hey! Solid gold.
DUNNING: Ok.

CUBAN: With live streaming,
in order to make it fit into a small enough

amount of bandwidth to
put on a modem back then,

you had to use a very
powerful codec to compress it.

You can use mpeg
but more likely you were using software from companies called

Real Networks or Microsoft.

GOODIN: Robert Dunning takes a
bunch of off-the-shelf hardware and software components,

puts them together
in a way that really um,

produces some pretty
stunning results.

It looks pretty good and
Digital Motion is founded.

[cheers, celebration].

FENNE: Here you go, here you go.

-Yeah! Alright. Cheers.

KRIZELMAN: So for
sure one of the very first people we went to

was a guy
named Bob Halperin.

I had met him through a common
friend, and I called him up and I said, I'd love to meet.

PATERNOT: He had been one
of the founders of RayCam, you know this chemical

and physical engineering.

Made a fortune, invested
in Intel, made a fortune, joined this venture capital firm

and it was basically this
old guy whose job it was to go and look for investments.

And that was my first
discovery of what venture capital was.

KRIZELMAN: Netscape.
PATERNOT: Netscape.

HALPERIN: Uh huh? Okay,
Netscape. What about em?

KRIZELMAN: Um. Well,
I'm sure you've been following their IPO.

HALPERIN: Me and
about the whole world.

What about Netscape?

KRIZELMAN:
We didn't understand at all was required,

like, what was expected
when you went to present,

and in some ways
that helped us,

we didn't know the rules of
the game at all, and so we sort of stumbled our way in.

PATERNOT: Well, like Netscape,
um, we are web-based.

And like Netscape,
there's nothing quite like us.

But we're better.

And we're gonna be bigger.

Imagine that you are a bowler.

Or a punk rocker.

KRIZELMAN: Or you know
possibly a golfer.

PATERNOT: Or a pastry
chef, or a new mom.

HALPERIN: Okay, I'm
a new mom who bowls.

PATERNOT: Good.
Congratulations.

HALPERIN: Thank you very much!

PATERNOT: Where do you meet
other new moms who bowl?

HALPERIN: I don't know,
the beauty parlor?

PATERNOT: Well,
what are the odds you find that other new mom

who also bowls
a decent game?

KRIZELMAN: Bob, you
need to join TheGlobe.com.

PATERNOT: Or a group to
promote your business.

Or a way to share plans
with your family. Or photos.

KRIZELMAN: Or games you
can play with your friends.

PATERNOT: It's
an entire network.

But instead of a business
formal-type network, it's a social network.

People will want to
log on, I guarantee.

KRIZELMAN: It's
very addictive.

PATERNOT: What most investors
at the time didn't see was the Internet for what it was,

a chat room and a chat
experience, they could wrap their heads around a little bit,

even though, you know,
none of them chatted, and so if you couldn't get your mind

around that whole
thing and how you could live in the Internet,

there was no point in trying
to convince those investors.

Ok, so what we have
in front of you.

KRIZELMAN: Oh uh uh, these
are our models for scaling and capitalization.

HALPERIN: Okay, okay, okay!
I love the energy.

I love the fact that
you're both true believers.

PATERNOT: We are.
KRIZELMAN: Thank you.

HALPERIN: But for VCs to be
interested, you're gonna have to scale at 5 to 10 times

the growth rate
you're showing here.

PATERNOT: Look, sir,
this is a new world.

This is day one of an
entirely new world.

I can see down the
road and the Internet...

HALPERIN: You're
not hearing me, son.

Let a man say, "Yes,"
for the love of Pete.

I'm in.

KRIZELMAN: How far
do you think 100K is going to stretch?

A month? Two?

PATERNOT: Can we just enjoy
the moment before we go back to knocking on doors tomorrow?

Please. Can
we please do that?

KRIZELMAN: Yes.

PATERNOT: Boys, count me in.
Blew our minds away.

KRIZELMAN: He was
extremely supportive and he was a businessman

so I got tons of advice
about how to run the company.

PATERNOT: So I'm sure Todd
and I both got drunk uh on the flight back to New York.

-You are the man, Dunning.

Every company I've
talked to is on fire about your tech. It's.

DUNNING: Thanks.

HAUSWIRTH: Michael, we're
all good on the legal side?

Registrations and such?

FENNE: Yeah.
Whatever the "genius" says.

HAUSWIRTH: That he is.

DUNNING: Ok, alright.
Watch this. Let's see.

HAUSWIRTH: What, seriously?

DUNNING: Yeah, just figured
that one out yesterday.

That's a new one.

PATERNOT: Bob wrote us
our first $100,000 check

and then he was
gonna make introductions.

♪ It's the ninth ♪

♪ We gotta put
in all the work ♪

♪ Before we rise
above the dirt ♪

♪ It's the ninth ♪

♪ It's the ninth ♪

♪ If it ain't easy that's
why I never took a test ♪♪

PATERNOT: We heard there
was a motto at Netscape which the CEO hyped a term

he coined called
GBF, Get Big Fast, that's all that matters, GBF.

CLARK: If you can get big
then it's harder for someone else to take you down.

♪ No ma'am ♪

♪ Thank you ma'am
anything you want girl I got ♪

♪ It's the ninth ♪

♪ That's the way it was
but everything comes around ♪

♪ You can't have
day without night ♪♪

PATERNOT: Luckily we were
finding one in a 100, yes, here's 100 grand,

here's 100 grand, and you
know, this was allowing us to claw our way up,

throw in more servers,
get a bigger space, hire a few more people

and it was this
iterative process of hurrying up, hurrying up.

Meanwhile our
users were signing up like crazy, I mean,

we just couldn't
add enough chat rooms to fit everybody in.

KRIZELMAN: We were
growing by hundreds of percents every few months.

PATERNOT: And we were now
on this mission to like relocate to New York City.

And so within a few months
I found an office space, it was just a completely

gross empty traditional
New York loft space, but New York is New York.

We're gonna go do it our
way on the East Coast.

That was our place, that's
where we'd make our mark.

GOODIN: High-quality
Internet streaming had major, major potential to, you know,

mint uh, you know,
millionaires if not billionaires,

you know largely overnight.

PAINE: Once Netscape went
public and made all that crazy money and people wanted in.

Every level of uh, truth
and fantasy existing at the same time.

There was legitimate
money being raised, there was uh, you know,

big clients that wanna get
to the game and then there were the con artists.

FENNE: Whoo!

DUNNING: Michael. What
the hell is going on?

You haven't answered a single
call or been around in a week.

FENNE: Yeah, well,
I'm trying to deal with this bankruptcy stuff so that you

and Chuck don't get arrested.

DUNNING: Arrested? What?

FENNE: We're out of
money, Robert, you get it?

The deals aren't coming
through fast enough.

So we're done.

I need to fold the company
or, y'know, my ass is grass.

DUNNING: But what about
all the investments?

FENNE: Right now I just
wanna make sure y'all are okay

and don't get in
trouble for all this debt.

DUNNING: You're
folding the company?

FENNE: Hey, don't thank
me until I'm sure we're outta the woods. Alright?

DUNNING: I'm certainly
not thanking you.

Michael, what about
the technology I created?

FENNE: Whoa, wow.
So, you paid to develop it?

DUNNING: Well, obviously not.

FENNE: You lived in your
car imagining how you were going to build this company?

Because I could have
sworn that was me.

DUNNING: No, but I.

FENNE: "But-but-but."
Robert, you know what, you need to grow up.

I tried to help you,
I tried to help Chuck,

I tried to build this company
around my special vision.

DUNNING: What
about the patents?

Please tell me you
got the patents?

FENNE: What? You think I had
the time, the money and legal help to get the patents done?

What do you think I'm some
kind of billionaire octopus?

DUNNING: What are
you talking about?

FENNE: Hey, I am trying
to keep you a free man.

I'm trying to take
care of you here.

Do you get that?

DUNNING: No, this makes
absolutely no sense.

I have no idea what
you're talking about.

FENNE: This is complicated
stuff, it's CEO stuff, it's above your pay grade.

DUNNING: Michael,
you can't just.

FENNE: I can't
just what, Robert?

DUNNING: You can't just
close up shop without consulting your partners.

FENNE: Trust me. I am on
this like white on rice.

I got it covered.

And last time I checked you're
an employee, not a partner.

DUNNING: An employee
who hasn't been paid.

FENNE: Beside I've got
something of my own brewing as well, so I gotta get going.

DUNNING: Michael!

FENNE: Hey, so I will
be in touch. Alright?

Hey! Hey! Keep the faith.

DUNNING: Son of a bitch.
Michael!

Dammit!

FENNE: Hi, it's David.
David Kim Stanley.

I know, I know,
just listen to me.

Hey, just listen, because
this may be the last time you ever hear from me, ok?

GOODIN: This guy who has been
calling himself Michael Fenne is really somebody named

David Kim Stanley who is
a fugitive of the law.

FENNE: Hi. Michael Fenne.
I'm Michael Fenne.

I'm Mike Fenne,
what a pleasure.

David Kim Stanley.

GOODIN: David Kim Stanley
was the son and the grandson of preachers

in Wise County, Virginia.

At some point he began
holding himself out as an investor who could

help people in his town
invest their money for

retirement and according
to court records,

he received somewhere in
the neighborhood of about $1.25 million

and had trouble paying
almost all of it off.

He is sentenced
to decades in jail.

FENNE: Name deleted says
that warrant is only for failure to appear.

They don't get the Feds
in on a small-timer like me.

So a few more months
of caution, surgery, and daily intercessory prayer,

and I will have
completed my gauntlet.

You could have been with me,
we could have been together, free to come and visit and

communicate by the
time the baby is born.

But you had no real love
for me, no true faith in me.

It has come off, so far,
exactly like I said it would.

It has always been, and always
will be, a mistake to lose faith and underestimate me.

God has blessed me
with a unique ability to defy reality.

And if I die tomorrow,
that would still be true.

PATERNOT: We had about 12
to 15 employees working from Ithaca at that time,

we had the talk with the rest
of our team, and said guys,

we need to go
into a bigger pond now, who's coming with us?

-Punch it!

PHILIP: It's an Econoline
van, Terry. This is it.

-We're totally gonna crash.
-We're not going to crash.

[yelling].

[bleep].

-Dammit!

PHILIP: Nice navigating, Terry.
-Sorry!

[horn].

-Get out of the way!

[screaming].

-Let's go, let's go!
Go, go, go, go!

-Two, three, five.
Plug them in.

-Right here, right here.
-Nope, nope, nope. Hold up.

PATERNOT: By the beginning
of '97 we were fully relocated to New York City

and the whole team could
not have been more excited.

-We're up!

[cheers].

♪ I got three four gallons
of Hennessey I got♪

[inaudible rapping].

-Oh, [bleep].
-What happened?

-Ok, what the
[bleep]'s happened?

REPORTER [over TV]: Hundreds
of analysts and reporters showed up and heard Microsoft

chairman Bill Gates admit
Internet competitors have outflanked his company.

REPORTER [over TV]: Until now
the software giant Microsoft has surprisingly paid little

attention to the Internet.

That changed today.

REPORTER [over TV]: He said
Microsoft will try to compete vigorously with Netscape in

the Internet browser market.

GATES: Well good morning.

I was realizing this
morning that December the 7th is kind of a famous day.

54 years ago
or something.

And I was trying to think
if there was any parallel to what was going on here.

And I really
couldn't come up with any.

The only connection I could
think of at all was that probably the most intelligent

comment that was made
wasn't made on Wall Street, or by any type of analyst;

it was actually
Admiral Yamamoto.

CLARK: It actually Admiral
Yamamoto who observed that he feared they had awakened

a sleeping giant.

GATES: A sleeping giant.

BARKSDALE: So that makes
Netscape Imperial Japan?

CLARK: If it hadn't been
for us you could argue that Microsoft would've waited

another 2 or 3 years
to get around to doing something with a browser.

When we showed that
it was an explosive market, Microsoft was very worried.

BARKSDALE: Once the giant
woke up or whatever, they wanted to own it.

And they talked about it.

REARDON: We decided like we
want to have the world's most successful web browser on

December 7th, 1995.

We want this to be
the main way, the main on ramp for humanity for how

they get on the web, our
tool set, our APIs, uh, our developer infrastructure.

BARKSDALE: In private,
we were all very worried.

ANDREESSEN: I have work to do.

BARKSDALE: Work fast, Yamamoto.
They're gunning for you.

GATES: Fix my hand.
Thanks, Johnny. Ahem.

Can you hear me? Good?

Yeah, 'kay.
Well. Good morning.

I was realizing this, I was
realizing, bleh-bleh-bleh.

We'll try that again.

Well good morning.

This eh, ahem.
One more time.

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