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dot.bomb: My Days and Nights at an Internet Goliath

dot.bomb: My Days and Nights at an Internet Goliath

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Author: J. David Kuo
Publisher: Back Bay Books
Category: Book

List Price: $14.95
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Rating: 4.0 out of 5 stars 56 reviews
Sales Rank: 1084126

Media: Paperback
Pages: 320
Number Of Items: 1
Shipping Weight (lbs): 0.6
Dimensions (in): 8.4 x 6.5 x 0.9

ISBN: 0316600059
Dewey Decimal Number: 381.1
EAN: 9780316600057
ASIN: 0316600059

Publication Date: February 1, 2003
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Editorial Reviews:

Amazon.com Review
Anyone who stumbled through the Web's earliest days--as either a starry-eyed entrepreneur, investor, or employee--will find plenty to recognize in J. David Kuo's insightful and entertaining dot.bomb. Wrapped in the tale of Value America, Craig Winn's wildly unsuccessful bid to hop aboard the Internet revolution in 1997 and totally remake retailing, the book paints a clear picture of the way optimism and wishful thinking became fatally intermingled in the rush to mine the gold supposedly buried deep within this glowing, new electronic medium. And Kuo, formerly the company's senior vice president of communications, knows the story intimately and shows here that he also knows how to tell it.

"The single goal was to build scale, build the brand, and become the Internet behemoth... overnight," he writes in describing how Winn, a traditional businessman with traditional ideas about building a traditional company, was sucked into the day's unbridled cyber-fervor as he tried to assemble his vision of a one-stop electronic shop that took advantage of all the Net's imagined bells and whistles. "[But] Winn had more competitors than he imagined," Kuo continues. "In Silicon Valleys, alleys, and corridors, retailers, technologists, and bankers were creating dot.com companies that would sell pet food, lingerie, books, electronics, discount items, luxury items, home-improvement items, furniture, and everything else imaginable. All those companies were already operating on new Internet math. Winn had to catch up."

In the pages that follow, Kuo vividly chronicles the heady years that came just after Michael Wolff's pioneering Burn Rate era, and he does so with just as juicy an insider's perspective (although without the rancor and animosity that such an experience often engenders). There also are plenty of practical lessons here. One strongly suspects, however, that much like those brought back from gold rushes to Sutter's Mill, these also will go largely unheeded when the fever spreads again. --Howard Rothman

Product Description
Widely hailed as the most enjoyable business book of recent seasons, dot.bomb is the astonishing story of the Internet gold rush as it could only be told by an insider.

J. David Kuo saw it all: the sky's-the-limit optimism, the hundreds of millions spent in a giddy grab for market share, the investors slavering to be inside, the belief that there really were new rules. He also saw what happened when wretched excess and ego-driven blunders forced gravity to reassert itself and when, ultimately, Wall Street demanded results. His book, alive with hilarious incidents and colorful characters, is destined to become a touchstone of the dot-com era.


Customer Reviews:   Read 51 more reviews...

4 out of 5 stars The Creator Syndrome   July 11, 2007
D. Holland (Renton, WA)
1 out of 1 found this review helpful

I found this book because I have started a small business and wanted more insight into the dotcom failures. I must say that it was a very enjoyable read. The author has good pace and, at moments, gives the reader pause so that you can examine your own work-related issues.

Business is a large Bell curve; at one end is the consumer (person, business, government, whoever); at the other end is the product (physical product, specific knowledge, skill), and in the middle is Value America and others.

Clearly this book demonstrates what can happen when things start to unravel and you are locked into battle with investors on one side and egos on the other.

I once read that you should be patient for growth, but not for profits...this is SO TRUE. Capturing market is great, but if you don't also capture profits then what's the point. Even worse is going public when you're nowhere near profitability. That just ups the ante.

Overall if you're wondering what can go wrong in a business, why IPOs shouldn't be taken lightly, why aspirations of wealth subvert business integrity and decision making, and why smooth-talking people without the numbers shouldn't be trusted then this is the book for you.

I only rated it 4 stars because there could have been more in the way of decision analysis, etc. Though at Value America it doesn't seem like analysis was really a word they were familiar with...maybe the net world moved to fast for them!



3 out of 5 stars An enjoyable read   October 1, 2006
Dr Noodle (Brisbane, QLD Australia)
3 out of 3 found this review helpful

I enjoyed reading this immensely. The story is fascinating and a real page-turner. However, after deliberating the situation, reading additional material etc., I came to realise that this is a biased view of the events and people of ValueAmerica. The success of a company like ValueAmerica involves bringing together the right people at the right time. This didn't happen at ValueAmerica. No single person can be blamed. Kuo is just as "guilty" as any of the other executives for the failure of ValueAmerica and his "objective" view is a little too objective for someone involved in running the business -- almost disassociated from it. For someone like Kuo, it was simply another company he could move on from. For Winn, it was his life. I feel sorry for all of those who invested time, energy and money in this venture. Initially, a fantastic and enjoyable read. Ultimately, disappointing and sad.


5 out of 5 stars Highly educationaly   August 6, 2006
F. Hussain (Peoria Ilinois)
2 out of 2 found this review helpful

I found the book very useful for any budding entrepeneur. One can learn a lot from mistakes from Mr. Winn . Also one gets good insight into how these top company execs think and operate ( i.e not as well as you would imagine! ) I have the audiobook and the narration by Kuo is excellent, very real and humorous.


5 out of 5 stars One of my favorite books!   April 26, 2005
A. Podell
3 out of 5 found this review helpful

If you're in business development....

If you've ever been in pitch meetings where you're inventing the company of the future, but selling it as if it's already here....

If you've come back to a team of managers who yell, "you sold WHAT!!!!"...

If you've ever worked for a passionate, driven, and visionary leader...

You'll love this book.


Reading this book was cathartic. I laughed all over the place. Kuo tells a great story. I've read a few other books with the same narrative -- the rise and fall of a company - but Kuo's is my favorite by far.

Not only is the story and company remarkable, but Kuo's tells the story with heart and empathy for their leader, while capturing the experience of the managers who had to create the deliverables and the terror and love/hate relationship they had for their leader.

Kuo really captured the love/hate relationship companies develop with innovation, and the tension between the entrepreneur and managers accountable for delivering the goods.

Highly recommended.



4 out of 5 stars Excellent book   February 1, 2005
elektrophyte
1 out of 1 found this review helpful

I think some of the criticisms of Mr. Kuo are too harsh. Like others, I noticed that in this book Kuo alternates between praising Craig Winn and describing the horrible actions of Craig Winn. I took that as a sign that Kuo personnaly felt ambivalent. That doesn't make it a bad book. Ambivalence is a normal condition. Glossing it over to create some kind of artifice of consistency would have truly made this a bad book.

One thing I got out of this book, besides that I enjoyed reading it, was some insight into human nature. It's a book that can tell you something about the way people act and the strange drives that they have. It shows how sometimes people with terrible psychological problems and huge blind spots are the most rich and powerful.


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