Stephan Paternot
Encyclopedia
Stephan Paternot is a film producer, author, and IT entrepreneur, mostly known as the founder of theGlobe.com
, one of the first social networks, during the late nineties dot-com bubble
.
He published an autobiography, “A Very Public Offering: A Rebel's Story of Business Excess, Success, and Reckoning“.
TheGlobe.com
theGlobe.com was an internet startup founded in 1994 by Cornell students Stephan Paternot and Todd Krizelman. A social networking service, theGlobe.com made headlines by going public on November 13, 1998 and posting the largest first day gain of any IPO in history up to that date...
, one of the first social networks, during the late nineties dot-com bubble
Dot-com bubble
The dot-com bubble was a speculative bubble covering roughly 1995–2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the more...
.
Biography
While still a junior at Cornell, in 1994 he co-founded one of the first Internet social network sites, theglobe.com. By age 24, Paternot set stock market history when he successfully took theGlobe.com public with a record setting IPO pushing his company valuation to over $1 Billion. In his six years as CEO of theGlobe.com, he raised nearly $200 million in capital, and the enterprise grew to over 300 employees. theGlobe.com's stock price collapsed in 1999 and the company ceased operations in 2008.He published an autobiography, “A Very Public Offering: A Rebel's Story of Business Excess, Success, and Reckoning“.