Ready, Fire, Aim! - Mihail's Public Blog: theglobe.com 2.0

By Mihail - About Me - E-mail this page - Add to My Favorites - Add to Blog List - See other blogs in Business & Investing

Monday, December 1, 2003

theglobe.com 2.0

The company that created new first-day price records when it went public in 1998 is seeing a rebirth according to this Wall Street Journal story (subscription required):

Michael Egan, who became rich founding Alamo Rent-a-Car, has a big idea for his next venture. It's an Internet company. It's called theglobe.com. He thinks it's going to make him a fortune.

...Theglobe.com Version 2 has an entirely different business: phone service over the Internet. At its height, the company employed nearly 300 at a sleek lower-Manhattan building. Now, it is dubbed voiceglo and has 40 employees, some sitting in rose-colored cubicles in Fort Lauderdale and 12 others in Vermont. The company isn't doing much advertising, relying instead on word-of-mouth. To minimize the sales force, customers sign up by themselves online.

Previous: Patents or execution? What's more important in technology? - New Entries - Next: All I want for Christmas is...a digital camera

Headlines (What is this?)