4 Burst results for "Netscape Communications corporation"
"netscape communications corporation" Discussed on TechStuff
"Earlier about. How how this fake it until you make philosophy? It's not new and certainly not new in Tech. We've seen it for a long time and I've have covered the bubble in previous episodes. But here's the really quick version. As more people became aware that the Internet was thing like the general public that started to happen in the early to mid nineties. People also recognize that there could be some legitimate use cases for business online. The Internet would enable an unprecedented explosion blows and goods and services online shopping was poised to become the new norm replacing old brick and mortar experiences entirely and tons of people wanted wanted in on what appeared to be a cash cow. The Internet was essentially the gold rush for the nineties. Everyone felt they needed to stake a claim from their companies that were directly tied to the Internet like Netscape. Communications Corporation would go public and they would see their share. Prices Skyrocket and that made made early investors a ton of money that just encouraged a lot of people to take big risks and invest in various Internet related companies because the patients were so so potentially huge. Doesn't seem like you would be missing out if you didn't get in on the ground floor and invest in some of these startups and looking at some companies. You could see how there was a very compelling motivation behind that. I mean if you had bought apple stock when it was at its lowest you'd be you'd see a truly massive return on that investment if you had held onto it till today and greed is a very powerful motivator so you had a ton of entrepreneurs starting up dot com businesses. You had a bunch of investors eager to back the horse that would pull in those long shot odds that set the ground for rampant speculation as people just poured way way too much money into these startup companies. Many of these companies had not yet formulated a business plan that could lead to profitable operation. In fact I suspect more than a few of them didn't have any real business plan to speak of. They just had an idea of how to use the internet which may or may not have had any merit some were geared toward a compelling idea but had no real way to monetize that idea much of the dot com industry was firmly in the fake. It until you make it camp. I think generally speaking that most of the entrepreneurs really believed that those initial investments would propel the start up with such momentum that it would overcome any challenges challenges in the way and then establish itself as a legitimate business. Of course some others were more concerned with spending that sweet venture capital on stuff like Swanky swanky offices and luxuries again. It was like it was the appearance of running. A business was good enough to run a business. It didn't matter if if you actually knew how to do it you just had to look like you knew how to do it. And then everything would work itself out a very naive approach. Now since many of these companies had big big overhead costs and limited means of generating revenue. I mean a lot of these companies would end up having warehouse space. which is an ongoing expense? You you have to pay to stay in business but have a very poor revenue model. Well that's not something you can sustain forever. They were burning through money really fast no. It wasn't uncommon around this time for employees to get a lot of their compensation in the form of company shares. The idea was that the company would establish itself and become successful and the the people responsible for doing the work would get rewarded which sounds great but that premise depends upon the company being successful. If it's not then when you have employees who are left with stock that isn't worth the paper it's printed on or the storage space it occupies if it's all digital a combination of factors led to a failure. Oh you're in confidence. Among investors and soon the DOT com industry was in freefall as everyone was pulling their money out some companies like Amazon where able to survive live through good luck and good timing Amazon had managed to secure a very large investment not long before the market tanked and through that investment. They were able to ride it out but a lot of companies withered away entirely and the economy overall suffered as a result for a more recent example of fake. It until you make it. We can look at thoroughness The company that Elizabeth homes founded Or theranos I guess I should say because it's therapy says theranos. Her goal was to build a machine of running a battery of more than one hundred different blood tests using a single small blood sample. And you would just use a tiny little drop of blood and this device would would run tests and you could screen yourself for potentially hundreds of diseases home stated that it was going to democratize medicine it would give people more power. Over their own health information it would have formed this. They have better discussions with their doctors about their health. And the blood testing market was essentially dominated by just appar of companies just two companies and that gets back to that narrative that a lot of investors really love the idea of a new player coming in to disrupt and otherwise established tablist system. Combine that with the promise of a device that could in a matter of hours. Tell you more information than either of those companies could do over the course of weeks and and using a much smaller blood sample to boot. You had a really compelling pitch of course you'd want machine that could do all these things because who wouldn't it'd be an amazing benefit to all of humanity you could save lives. You could extend accessibility to people who otherwise would be unserved by the healthcare industry. It was the biggest pot of gold at the end of the sparkling hist rainbow but of course to do it. I you would have to develop the technology Gucci and then prove that it works and as it turns out that was a pretty darn big request and much harder than homes seemed to believe it was by the way to this day. I am not sure if she was sincere in her beliefs that she could pull this off or if she was deceiving everyone perhaps even including herself or what. The situation was now on the one hand. I can forgive some naievety when it comes to technology because technology did you can do some pretty amazing things when we talk about concepts like Moore's law and we're essentially saying hey every two years computers are going to be twice as powerful full as they were two years earlier because that's the way it is and that's the way it always has been way. It's always going to be well. We set the stage for us to believe stuff that might be a little further. We're out on the fringes and there are a lot of people would argue that. Even Moore's law has coming to its end but then that's an argument that's been made numerous times so oh I'm able to walk around the world right with what amounts to a computer in my pocket. I can access enormous libraries of information in an instant through a touch interface. If I don't know how to do something I can pull up a video explaining it to me in a heartbeat technology can transform what used to be impossible into a mundane. Ain't experience like the things I'm telling you right now. They aren't special. We can all do them with a smartphone or a computer or tablet. It's not like I have some magical ability. This is something that we all do every day. So I definitely can understand how some people would say. We'll of course of course. This is a technological challenge we can overcome we can. Obviously he makes some sort of device that can do hundreds of blood tests on a single drop of blood. That's how investors sought the promise was so compelling the benefits would be so enormous to humanity and the profitability of such technology would be incalculable. Investors would inject the startup with with around seven hundred million dollars in cash but as anyone who has followed the story of of a Theranos knows it was a challenge that the team gene could not overcome stories broke that the company was actually relying upon the very same testing equipment created by the competitors. That theranos was meant meant to disrupt that. Their team of engineers were working really hard but they had not yet figured out how they could actually deliver upon the promise that Holmes had made to her investors sisters heck. They weren't even sure if it would ever be possible. Based on those parameters the technology they had developed was limited and had issues and never received. FDA approval for the majority of the tests. It was supposed to be able to do which is probably a good thing since it reportedly could not do most of them. What may have happened? Is that homes set her goal based on wishful thinking and that her hope was to US investment money to bootstrap the technology and the company so they could actually deliver upon the promises being made that the money would give them the security. They need to actually develop the technology they they wanted to tomake unfortunately for her and for all the people working for Theranos and for all the patients who were dependent upon the company providing results to them that that were reliable none of it panned out. Now I've only picked a few examples to kind of talk about this fake it until you make it trend in the tech business But Trust me there are countless others. There are cases where the technology works just fine like with Uber but the underlying hang business model doesn't and their cases like theranos where the tech itself falls far short of where it needs to be the unifying factor. Is that these entrepreneurs. I have to keep things moving or at least appearing to move in order to keep the money coming in to support the overall organization until can actually deliver over opponents promise and sometimes that just never happens honestly what this reminds me. Most of out of every experience of ever had my life is theater and and I don't just mean putting on a performance for an audience. I mean theater in the sense that if you go to a theatrical production you're looking at a set and the set looks very very specific way dependent upon the set designer and their talents and the people they had you know at their disposal. So let's say you're going to see a really elaborate set. It looks amazing. What's incredible to your eyes? Chances are that from the other side from backstage. That set looks like nothing. It looks like cardboard and wood nails screws poking out at odd angles that you got to watch out for if you're crossing behind the stage. It doesn't look like anything because it doesn't need to the audience doesn't doesn't see that part. The only part that matters is the part the audience sees I feel like fig it to you make it is the same thing the only thing that matters is what the investors see see and it can be fine for the backstage stuffed be messy because as long as you can keep things going long enough so that you can deliver something that looks. I like the set that all the investors were watching during the whole production. You're good to go. The problem is when you can't do that now I'm all for innovation I'm even for disruption in many cases but I'm also an advocate for critical thinking. Anyone who's listened to this show for a long time knows that far too many big decisions seem to be based upon people wanting a certain idea to be real and practical without any real evidence that those ideas can stand up in the real world and while for some people misplaced. Trust might mean you lose some money you know what that's a that's inconvenient. It's terrible but you can always make more more money right but for other people consequences can be much more life or death oriented so once again I appeal to you guys my listeners to develop critical thinking skills skills and to exercise them whenever you can now one other thing. I want to mention if you want to go out there and do a pop up experience to take selfies go going do it. Just do it if it makes you happy. That's awesome if you're going with friends and you're all having laughs and you're all enjoying yourselves that's great and the world can use more joy joyce so go do that thing. I'm not trying to shame you if it's something you genuinely have fun doing. You should do it. I know have criticized the whole trend in this episode. But that's that's because I see so many people elevating it beyond what it actually is. I don't think there's anything inherently wrong about wanting to take a good selfie. I just don't think anyone should consider that as an experience in of itself to do so means you're missing out on some legitimate experiences out there and some of them are pretty incredible..
"netscape communications corporation" Discussed on TechStuff
"So your family always comes back to a well lit home. And one of the wonderful things about Caserta is that it's not like other smart lighting systems. You might think you have to replace all the light bulbs in your house. And that's not the case Caserta by lutron makes regular bulbs smart by replacing the switch not the bulb. And here's why that's great. The average home has about forty five light bulbs, but only about twenty switches, so it's not nearly so much work. And it's not as expensive either. All you need is a screwdriver and about fifteen minutes. Now, I've done this in my house. I've replaced a switch. It was way easier than I even -ticipant it'd and before I knew it. I had the smart light. System working in my house. So get smart lighting, the smart way with Caserta by lutron searched for Caserta, that's C A S E A Caserta by lutron. Welcome home to peace of mind. In November nineteen ninety eight AOL announced it was buying Netscape Communications corporation, which was the company that created the Netscape Navigator web browser. Netscape Navigator is a fascinating story all on its own and I'll have to do a full birth to death episode on it in the future. But here's some highpoints market-driven who while it college had worked on an early web browser called NC SA mosaic saw the potential and a web browser for the average person. He partnered with Jim Clark of Silicon Graphics to start a new company ultimately called Netscape Communications corporation and bring this vision to life. The first version of this browser was called mosaic, but after some threats of legal unpleasantness, they would change it to Netscape Navigator. Now this all started in nineteen ninety four by nineteen ninety five it had become the dominant web. Browser largely because there wasn't very much competition. If I'm being totally honest Netscape became a publicly traded company in nineteen ninety five and had a company valuation of almost three billion dollars of very early startup unicorn by ninety nineteen Ninety-six things were different because Microsoft started to really go after the web browser market with its own web browser Internet Explorer, then there's all the different stuff about Microsoft, incorporating, Internet, Explorer into windows, and and then also downplaying the ability to use other browsers on windows based machines, we won't get into all that. But in ninety eight Netscape announced it would release the source code that the company had used to build Netscape communicator, which was a suite of programs beyond just the web browser. This. Intern would become the action that would bring Mozilla into being and Mozilla would have inch. Produce the fire FOX web browser who by the time AOL announced intention of acquiring Netscape, Internet Explorer had already caught up and taken the lead in the web browser market share. But it wasn't like Netscape was down for the count. It had been the dominant player. It was now number two. There was every reason to think the company could come back with a new version of its browser and went back some folks, so go back and forth between Netscape and Internet Explorer. So it was definitely still an attractive company when AOL made its proposal which was for four point two billion dollars a princely sum. This deal would end up being a not so good one for either party, though, it's not the very bad deal that I referred to in the episode title. Anyone who has been through a merger or an acquisition knows? There's always an adjustment as different departments hash things out cultures attempt..
"netscape communications corporation" Discussed on Business Wars
"Free known as the Moselle project. Their hope was to bring together creative minds from around the world to build a next level browser, but they did a lot more than just that. They created a space that empowered innovators collaborators and thought leaders to change the world it went way beyond browsers. It sparked the conversation of what the internet could be and now twenty years later Moselle still leads that conversation and above all they believe the internet should be safe. So they make products like fire FOX monitor where you can see. If your information has been compromised by known data-breach, simply go to monitor dot fire, FOX dot com using any browser and enter your Email. Address it'll instantly tell you if your information was affected and you can sign up for notifications. In case anything happens in the future. The more. You know, the more control you have over your own online safety. See if you've been a part of a data breach at monitor dot fire, FOX dot com. In the months since Andriessen left for sunny, California life for his friends back in Illinois has become downright gloomy. They've taken to calling management at the university of Illinois supercomputing center. The polit bureau the students frequently get called to interminable meetings with forty people in everyone seems to out rank them Andriessen emails. His former comrades in code telling them to pack their bags because he and Jim Clark. Yes. The Jim Clark teaming up. Hey, look at this is from Mark. He's got a new project. Sounds like there's real money binded. Really? Well, I'm in the hell out of here. The invitation electrifies there beyond ready to leave university. Gulag the team of university champion coders reassemble in Silicon Valley. And Clark incorporates mosaic communications in Mountain View, California, Clark Antes up three million dollars about twenty percent of his net worth and rents office space. The place is about as uncooperative as you can get the programmers sit transfixed by their screen sitting around in T shirts, and underwear and arguing about everything from politics to sports. They lose track of what day it is. In other words, it's your typical Silicon Valley startup the programmers realized there part of history at the dawn of a new digital age. They liken themselves to Thomas, Edison or. Ally Whitney inventors who revolutionized entire industries changing the internet success ability is just as monumental. To become a mass market product. The new browser will have to course over phone lines and into PC's with sluggish modem's speed in Konami are crucial features since mainstream users are already saddled with slow computers and modems the programmers use a stop watch to clock. The new browsers. Download and browsing speed against mosaics ready set. Go. And stop do. We beat our time. Yeah. It's ten times faster than mosaic. Andriessen is anointed vice-president of thinking up stuff and practically never leaves headquarters. He leads by example, urging his engineers to press on summer seeps into fall in the company continues to expand not only its personnel. But the number of products that will offer server and security software and ecommerce application, and of course, the browser which is the linchpin product manager. Greg sands is the one who comes up with the name of the new company Netscape Communications corporation and the browser. It will be known as the navigator. Fall nineteen Ninety-four Mountain View, California. The big debate in an early Ford meeting is over pricing. The head of marketing is from apple a company with a traditional business model charge premium prices if you can get away with Netscape Navigator is so much better than any browser. That has come before it by a long shot people will be willing to pay for it to get online. We have something nobody else does. I say we charged ninety nine dollars a pop Andriessen not having them. I worked for apple anyone work for us. We're not selling anything physical. What are you proposing? Markelle we'd give it away for free. That's exactly what I'm proposing. If we give it away we can spread Byerly in create a huge base. We want to be everywhere. And if we can do that will not mosaic right off of web. If we do that, we'll spend a lot of money just to make no money. How does this make sense? There's a model for this. Look at Microsoft. They had an early lead with their operating system and turn it into worldwide dominance of the entire computer industry the room considers this Andriessen presses on. So vendors created applications for Microsoft's operating system and ignored the rest and the rest faded away. Look at simple market share today equals revenue later, get it. So you're willing to pay now for profits later. Yep. That's the theory anyway. And no one is feeling the pressure more acutely, then Clark the man fronting the money. We just better hope we can figure out a revenue stream when we do have that market share. Nobody's figured out how to make money off the internet yet. We will. We will a network has to begin somewhere and with a network formidable business opportunities in sue the web will be the same way
"netscape communications corporation" Discussed on TechFan
"Non tech people onto the internet you gotta remember when netscape kinda launched big in the midnineties that the way most people got online david was through an online service like america online or copies serve um having a local internet provider with dialup service gives very complex yeah yet to those result different services in kamanzi interfaces and it was it was ready kondakova that the problem with it walls is that you would get online you'd be sat there a kind of a blinking come on promises lot what what do now right i have no you've an it had no visual con kick to at toll um and basically if the through promotion day was completely like will say anything you would you you wanted to do a life and you had to know where to go that the us snapped you had to another thing existed before hand before you could fund the kmt together do it netscape communications formerly knows netscape communications corporation or just netscape is an american computer services company known for its web browser netscape navigator when netscape was an independent company its headquarters were in mountain view california netscape's web browser was once dominated but his lost but it has lost most of that glare to its competitors internet explorer during this first socalled browser war the usage share of netscape has fallen from over ninety percent in the midnineties to less than 1 percent by the end of two thousand insects netscape was hydrated yeah did you remember that i couldn't even naughty that no are another that bogging even though that you could use an escape navigation 2000s let's kinda went went pearshaped um netscape is credited with creating jobs script language the most widely used language for clients side scripting of websites the company is often offer developing the 'sis l which used for.