July 1995
- Jeffrey Bezos launched Amazon.com, first online bookstore;
began shop from home revolution.
September 1995
- Pierre Omidyar, developer services engineer for
General Magic (mobile
communication platform company),
launched
online service called Auction Web as sole proprietorship
in his San Jose living
room as online venue for
direct person-to-person auction of collectible items;
correspondents began to register trade goods of
enormous variety; 1997 - name changed to eBay;
hosted nearly 800,000 auctions a day; 1998 - went
public; more than million registered users; recruited Hasbro
executive Margaret Whitman to serve as CEO.
May 1999
- Northeastern University student Shawn Fanning created Napster
peer-to-peer MP3 file-sharing system; attracted 85 million
registered users who were trading as many as 3 billion songs a
month; February 12, 2001
- A federal appeals court ruled the Internet service Napster had
to prevent users from swapping copyrighted music without charge.
(Alibaba.com), Liu Shiying and Martha Avery
(2009).
Alibaba: The Inside Story Behind Jack Ma and the Creation of the
World's Biggest Online Marketplace. (New York, NY:
Collins Business, 240 p.). CEO of Guangtian Xiangshi Culture
Company, chairman of the board of GT-SUNSTONE, deputy secretary
general of the Asian Capital Forum. Ma, Jack, 1964-; Alibaba
(Firm); Internet auctions --China. "China's eBay"; 1999 - initial investment of $60,000; 2007 - second largest
IPO in history (after Google); 2008 - surpassed eBay in China as largest Web
site on which to buy, sell goods;
world's biggest business-to-business Web site (online
marketplace).
Jack Ma - Alibaba.com
(http://graphics8.nytimes.com/images/2009/03/10/technology/JackMa.480.jpg)
(Amazon), Rebecca Saunders (1999).
Business the Amazon.com Way: Secrets of the World's Most
Astonishing Web Business. (Oxford: Capstone, 288 p.).
Web Sites - History, Amazon.com, Jeff Bezos.
Jeff
Bezos
(http://upload.wikimedia.org/wikipedia/commons/7/7a/Jeff_Bezos_2005.jpg)
(Amazon), Robert Spector (2000).
Amazon.com: Get Big Fast. (New York, NY: HarperBusiness,
263 p.). Amazon.com--History; Internet bookstores--United
States--History--20th century; Electronic commerce--United
States--History--20th century. Relentless, profitless expansion.
(Amazon), Mike Daisey (2002).
21 Dog Years: Doing Time @ Amazon.com. (New York, NY:
Free Press, 222 p.). Daisey, Mike, 1973- ; Amazon.com
(Firm)--History; Amazon.com (Firm)--Biography; Internet
bookstores--United States--History--20th century; Electronic
commerce--United States--History--20th century.
(Amazon), James Marcus (2004).
Amazonia: Five Years at the Epicenter of the Dot.com Juggernaut.
(New York, NY: New Press, 224 p.). Amazon employee #55, one of
Amazon's first editors. Marcus, James; Amazon.com
(Firm)--History; Internet bookstores--United States--History;
Electronic commerce--United States--History.
(Boo.com), Kajsa Leander, Ernst Malmsten and
Erik Portanger (2001). Boo Hoo: A Dot-com Story from
Conception to Catastrophe. (London, UK: Random House
Business, 224 p.). Boo.com; Electronic commerce; Business
failures.
(CDnow), Jason Olim with Matthew Olim and
Peter Kent (1998).
The CDnow Story: Rags to Riches on the Internet.
(Lakewood, CO: Top Floor Pub., 236 p.). CDnow (Firm)--History;
Sound recordings--Marketing; Music trade--United States;
Business enterprises--Computer networks.
(ClickAgents), Gurbaksh Chahal (2008).
The Dream: How I Learned the Risks and Rewards of
Entrepreneurship and Made Millions. (New York, NY:
Palgrave Macmillan, 256 p.). Success in business;
Entrepreneurship; Internet advertising; Market segmentation. How
16-year-old immigrant overcame discrimination, adversity to
fulfill highest ambitions; created, built, sold two companies for more than $340
million (by age 25).
(Craigslist.com), Kyle MacDonald (2007).
One Red Paperclip: Or How an Ordinary Man Achieved His Dreams
with the Help of a Simple Office Supply. (New York, NY:
Three Rivers Press, 320 p.). MacDonald, Kyle, 1979- ;
Craigslist.com (Firm); Barter; Exchange; Electronic commerce.
July 2005 - Author swapped
a red paperclip for a house in year-long series of 14
"up-trades" on the internet.
(e-Bay), David Bunnell with Richard A. Luecke
(2000).
The e-Bay Phenomenon: Business Secrets Behind the World's
Hottest Internet Company. (New York, NY: Wiley, 210 p.).
Internet auctions.
Pierre Omidyar
-
founder, eBay (http://www.pbs.org/wgbh/theymadeamerica/whomade/images/who_omidyar_image.jpg)
(e-Bay), Adam Cohen (2002).
The Perfect Store: Inside eBay. (Boston, MA: Little,
Brown, 332 p.). Internet auctions.
(e-Bay), Kenneth Walton (2006).
Fake: Forgery, Lies and eBay. (New York, NY: Simon
Spotlight Entertainment, 304 p.). Walton, Ken, 1967- ;
Fetterman, Ken; Internet fraud--United States--Case studies;
Arts--Forgeries--United States--Case studies; Internet
auctions--Corrupt practices--United States--Case studies.
Power of greed - scandal that
forever changed the way eBay does business.
(e-Bay), Elen Lewis (2007).
Great Brand Stories: eBay: The Story of a Brand That Taught
Millions of People to Trust One Another. (London, UK:
Cyan Communications, 192 p.). Internet auctions.
Online community of strangers
(168 million registered users in 33 countries), trust they exude
when exchanging goods, money.
(e-Bay), Ken Steiglitz (2007).
Snipers, Shills & Sharks: eBay and Human Behavior.
(Princeton, NJ: Princeton University Press, 298 p.). Professor
of Computer Science (Princeton University). Internet auctions;
Game theory. eBay through
lens of auction theory; how human behaviors in open markets like
eBay can be substantially more complex than those predicted by
standard economic theory.
(eBay),
Meg Whitman; with Joan O’C. Hamilton (2010). The
Power of Many: Values for Success in Business and in Life. (New
York, NY, Crown, 288 p.). Former President and CEO of eBay.
Success in business; Success. 1998 - Took over 30-strong
company, revenues less than $5m; 2008 - revenues of almost $8bn,
15,000 employees; ten core values that steered her to success
without ethical compromise.
(EToys.com), Adam Wishart and Regula Bochsler
(2003).
Leaving Reality Behind: Etoy vs. eToys.com & Other Battles To
Control Cyberspace. (New York, NY: Ecco, 324 p.).
EToys.com (Firm)--Trials, litigation, etc.;
Etoy.Corporation--Trials, litigation, etc.; Internet domain
names--Law and legislation; Internet--History.
(Hermès Birkin), Michael Tonello (2008).
Bringing Home the Birkin: My Life in Hot Pursuit of the World's
Most Coveted Handbag. (New York, NY: HarperCollins, 272
p.). Tonello, Michael; eBay (Firm); Internet auctions;
Selling--Handbags; Businesspeople--Biography.
Semi-bored Massachusetts-based
hairstylist, temporary gig in Barcelona, vanished job
assignment, no work visa, Hermès scarf sold on eBay to generate
quick cash; figured out secret to getting Hermès to part with
Birkin bags; sold $ millions of bags, become one of eBay's most
successful entrepreneurs.
(HomePortfolio.com), Tom Ashbrook (2000).
The Leap: A Memoir of Love and Madness in the Internet Gold Rush.
(Boston, MA: Houghton Mifflin, 295 p.). Reporter (Boston Globe).
Ashbrook, Tom; Internet industry--United States; New business
enterprises--United States; Businessmen--United
States--Biography.
(ING Direct), Arkadi Kuhlmann And Bruce Philp
(2008).
The Orange Code: How ING Direct Succeeded by Being a Rebel with
a Cause. (Hoboken, NJ: Wiley, 272 p.). Founding CEO of
ING Direct USA; Writer and Branding Consultant. ING Direct;
Banks and banking --United States; Internet banking --United
States. Since 1996 launch in Canada - successful Internet-based
direct bank focused on serving ordinary people who felt
abandoned by money-hungry financial institutions (over 20
million customers in nine countries); business as cause, brand
as its constitution; unconventional approach to business
strategy and leadership; how personal financial empowerment has
made everyone a winner.
(iVillage), Candice Carpenter (2000).
Chapters: Creating a Life of Exhilaration and Accomplishment in
the Face of Change. (New York, NY: McGraw-Hill.
Co-founder, iVillage.com. Success--Psychological aspects; Change
(Psychology). Self-help book.
Candice Carpenter
- iVillage
(http://www.journaldunet.com/images/it_carpenter.gif)
(Napster), John Alderman; foreword by Evan I.
Schwartz; preface by Herbie Hancock (2001).
Sonic Boom: Napster, MP3, and the New Pioneers of Music.
(Cambridge, MA: Perseus Pub., 205 p.). Napster, Inc.; Sound
recording industry--United States; MP3 (Audio coding standard).
Shawn Fanning - Napster
(http://www.mtv.com/news/
images/archive/Fanning,_Shawn/sq-shawn-fanning-010216-mtv.gif)
(Napster), Trevor erriden (2001).
Irresistible Forces. The Business Legacy of Napster & the Growth
of the Underground Internet. (Oxford, UK: Capstone, 178
p.). Editor, Human Resources magazine. Napster, Inc.;
Peer-to-peer architecture (Computer networks); Subject: Music
trade. United States; Sound. Recording and reproducing; Digital
technique; Computer network resources.
(Napster), Joseph Menn (2003).
All the Rave: The Rise and Fall of Shawn Fanning's Napster.
(New York, NY: Crown Business, 355 p.). Fanning, Shawn; Napster,
Inc.; Music trade.
(PayPal), Eric M. Jackson (2004).
The PayPal Wars: Battles with eBay, the Media, the Mafia, and
the Rest of Planet Earth. (Los Angeles, CA: World Ahead
Pub., 344 p.). Former PayPal Senior U.S. Marketing Director.
PayPal (Firm); Electronic funds transfers equipment industry;
Electronic commerce; Payment--United States.
(Portero), Daniel Nissanoff (2006).
FutureShop: How the New Auction Culture Will Revolutionize the
Way We Buy, Sell, and Get the Things We Really Want.
(New York, NY: Penguin Press, 256 p.). Web Entrepreneur,
Co-Founded Portero (online facilitation company specializing in
the resale of luxury goods), founded Partminer, one of first
successful online b2b exchanges. Internet auctions; secondhand
trade. Online auction "facilitators" will
make buying and selling so hassle-free, so reliable, so
lucrative - masses of consumers won't stay away.
(Siebel Systems), Thomas M. Siebel (2001).
Taking Care of Ebusiness: How Today's Market Leaders Are
Increasing Revenue, Productivity, and Customer Satisfaction.
(New York, NY: Doubleday. Founder, Chairman, and CEO of Siebel
Systems. Electronic commerce; Success in business; Strategic
planning.
Thomas M. Siebel -
Siebel Systems (http://images.forbes.com/media/lists/54/2005/SBMT.jpg)
(theGlobe.com), Stephan Paternot with Andrew
Essex (2001).
A Very Public Offering: A Rebel's Story of Business Excess,
Success, and Reckoning. (New York, NY: Wiley, 236 p.).
Co-Founder of theGlobe.com. Paternot, Stephan, 1974- ;
Theglobe.com; Internet industry--Finance; Going public
(Securities); Electronic commerce--United States--Finance;
Electronic discussion groups--Management--Case studies;
Electronic games industry--Management--Case studies;
Businessmen--United States--Biography.
Stephan Paternot
- the Globe.com
(http://images.pcworld.com/news/graphics/139726-stephanpaternot.jpg)
(Threadless), Jake Nickell (2010).
Threadless: Ten Years of T-shirts from the World's Most
Inspiring Online Design Community. (New York, NY:
Abrams Image, 224 p.). Founder of Threadless. Nickell, Jake;
Threadless.com; retail -ecommerce; design -- crowd-sourced.
2000
- entered online t-shirt design competition
while student at Illinois Institute of Art-Chicago;
won, set up own
contest; 4 million t-shirts printed, sold; more than
1 million members of Threadless community; pioneered online
business model of crowd-sourced, community-driven design (people
submit designs that are voted on by site's 1 million users and
printed); archive of
designs; showcase of 400 best T-shirts created by
community (barometer of art, design over past decade); how Nickell started company from bedroom in Chicago; profiles of
individual designers, "think pieces" from influential admirers.
(Value America.com), J. David Kuo (2001).
Dot.bomb: My days and Nights at an Internet Goliath:
Optimism-Lunacy-Panic-Crash; I Survived To Tell the Tale.
(Boston, MA: Little, Brown. Former Senior VP (Communications) at
Value America.com. Value America.com; Electronic
commerce--United States; Internet marketing--United States.
(Wolff New Media LLC), Michael Wolff (1998).
Burn Rate: How I Survived the Gold Rush Years on the Internet.
(New York, NY: Simon & Schuster, 268 p.). Creator of NetGuide.
Internet consultants; Success in business; Corporate profits;
Internet industry.
(Zappos.com), Tony Hsieh
(2010).
Delivering Happiness: A Path to Profits, Passion and Purpose.
(New York, NY: Business Plus, 272 p.). CEO of Zappos. Hsieh,
Tony; Zappos.com; Success in business; Leadership.
1998 - Nick
Swinmurn started ShoeSite.com, online shoe retailer (no major
online retailer that specialized in shoes - $40 billion market;
5% sold through mail order catalogs); 1999 - called Tony Hsieh
(venture capitalist), Harvard student entrepreneur, dot-com
success - sold LinkExchange to Yahoo in 1999 for $265 million);
changed name to Zappos (zapatos - Spanish for "shoes"); 2005 -
sales of $252 million; 2006 - Swinmurn left company; funding for
incubator companies dried up; promising startups, Zappos.com,
seemed doomed; Hsieh slashed expenses, made customer service
essence of company's brand; stress of operating in survival
mode; liquidated assets to fund company in darkest days
(11th-hour loan - $6 million credit line from Wells Fargo);
created formidable brand; July 2009 - acquired by Amazon for
more than $1.2 billion; May 1, 2010 - restructured into ten
separate companies under Zappos Family umbrella (unique
corporate culture dedicated to employee empowerment, promise of
delivering happiness though satisfied customers, valued
workforce - 365-day return policy with free shipping both ways).
John Cassidy (2001).
Dot.Con: How America Lost Its Mind and Money in the Internet Era.
(New York, NY: HarperCollins. Staff Writer (New Yorker).
Internet industry--United States--Finance; Electronic
commerce--United States--Finance; Stocks--United States;
Electronic trading of securities--United States.
Rory Cellan-Jones (2001).
Dot.bomb: The Rise and Fall of Dot.com Britain. (London,
UK: Aurum Press, 256 p.). Electronic commerce.
Dotcom market's extraordinary
decline.
Julian Dibbell (2007).
Play Money: Or, How I Quit My Day Job and Made Millions Trading
Virtual Loot. (New York, NY: Basic Books, 321 p).
Contributing Editor for Wired magazine. World Wide Web;
Electronic commerce--United States--History--20th century.
March 11, 2003 - author
began year trying to earn living buying and selling virtual
artifacts, to get a piece of estimated $880 million market in
virtual goods, commodities; real money met fantasy gaming.
Michael Indergaard (2003).
Silicon Alley: The Rise and Fall of a New Media District.
(New York, NY: Routledge, 256 p.). Associate Professor of
Sociology (St. John's University). Internet industry--New York
(State)--New York; High technology industries--New York
(State)--New York; Internet; Electronic commerce.
Louis E. V. Nevaer (2002).
The Dot-Com Debacle and the Return to Reason. (Westport,
CT: Quorum Books, 317 p.). Electronic commerce; High technology
industries.
Gary Rivlin (2001).
The Godfather of Silicon Valley: Ron Conway and the Fall of the
Dot-Coms. (New York, NY: AtRandom.com, 103 p.).
Journalist. Conway, Ron; Electronic commerce--United States;
Capitalists and financiers--United States.
________________________________________________________
Business History Links
The Museum of E-Failure
http://www.disobey.com/ghostsites/
The Museum of E-Failure bears witness to the dot.bomb
phenomenon, presenting the last images of the front pages of
failed Websites. Steve Baldwin, who maintains the site,
explains, "It is my hope that these screenshots may serve as a
reminder of the glory, folly, and historically unique design
sensibilities of the Web's Great Gilded Age (1995-2001)." The
sites are arranged in a long list, with recent additions on the
top of the page. Clicking on a site name brings up a screen shot
of the site's farewell front page. A sort of virtual graveyard,
the Museum of E-Failure represents a memorial on the side of the
information highway.
Sloan Center for Internet Retailing
http://sloan.ucr.edu/
Located at the University of California, Riverside, is the
world's leading university research center dedicated to
improving the effectiveness of online retailing. Seeks to
conduct cutting-edge research that improves business
effectiveness and advances best practices in Internet retailing
at the same time that it advances new knowledge in the field.
Organized around six main themes identified by Internet
retailers as essential to gaining competitive advantage. These
include: 1) multi-channel retailing, 2) customer experience, 3)
loyalty, 4) innovation, 5) pricing and promotion strategies, and
6) personalization and related online marketing strategies.
Insights are drawn from direct observation of firm practices,
behavioral and economic experiments, quantitative modeling, and
survey research. The Sloan Center draws on eLab, UCR’s
pioneering virtual laboratory for research on the online
customer experience.