Tuesday, December 09, 2008

The Decline and Fall of an Ultra Rich Online Gaming Empire

NVDL: Fascinating article.
clipped from www.wired.com

The year 1998 was a great time for bullshit, especially if you were selling it and especially if it came with the magic suffix .com attached. In Los Angeles, where the average media exec still didn't know a backslash from a flashback, this was doubly true, and 37-year-old serial entrepreneur Marc Collins-Rector was making the most of it. Having just secured a fortune from the sale of Concentric Network, one of the early dialup ISPs, he was now declaring that his new startup—an online video content site called Digital Entertainment Network—would bury old media.

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