Before Facebook’s arrival in 2004 and social media’s subsequent ubiquity, there was theglobe.com — the first-ever social networking site, created by dot-com era darlings Stephan Paternot and Todd Krizelman. Launched from their college dorm room at Cornell, after a meteoric rise, theglobe.com became world-famous for its billion-dollar IPO in 1998. Only to quickly plummet toward the depths.
The youngest-ever CEO of a public company, Paternot was just twenty-seven years old when he first wrote and released A Very Public Offering: A Rebel’s Story of Business Excess, Success, and Reckoning — an intimately personal account of the rise and fall of theglobe.com published by John Wiley & Sons in 2001.
Now, Paternot has released an updated edition of his memoir — reissued to celebrate the 20th anniversary of theglobe.com‘s IPO, which expands upon Stephan’s story featured in National Geographic’s limited series, Valley of the Boom, premiering January 13th, 2019.
A singular and significant first-person history of, in Paternot’s words, “the crazy era in American business history that theglobe.com ostensibly embodied,” the 2018 edition of A Very Public Offering contains a new epilogue that addresses a range of timely topics in today’s social, economic, and tech industry landscapes.
Setting the record straight on Paternot’s past and present, version 2.0 of A Very Public Offering sees one of the internet’s first whiz kids all grown up: analyzing the deformation of modern online identity, offering hard-won lessons and clear advise for future generations of innovators, and addressing what needs to happen for the next tech revolution.
About The Author:
Stephan Paternot is co-founder and CEO of Slated, the world’s first online film finance marketplace, where over 1,200 films have received over $1.25 billion in investor introductions as of 2018. Stephan is also co-founder of PalmStar, a film production and financing company that has helped bring to life over 30 films including HEREDITARY (2018), COLLATERAL BEAUTY (2016), SING STREET (2016) and JOHN WICK (2014). In addition, Stephan is the founder and general partner of the Actarus Funds, which have backed companies including LendingClub, SecondMarket, Indiegogo, AngelList, Digital Currency Group, and more.
Prior to these ventures, Paternot is best known for co-founding one of the first Internet community sites, theglobe.com, in 1994. The company set stock market history when it went public in 1998 with a record-setting IPO, pushing the company valuation to over $1 billion. Over a six-year span, the company grew to over 300 employees, and the website became one of the top thirty most trafficked sites in the world. In 1999 Stephan won the Ernst & Young Entrepreneur of the Year Award and in 2001 published his memoir, A Very Public Offering, detailing his experience at theglobe.com. A Very Public Offering was updated and reissued in 2018 in conjunction with the worldwide release of the National Geographic Television series Valley of the Boom, in which Paternot is featured as a character.
Visit https://www.stephanpaternot.com/ for more information.