Netscape
Strategic Concepts & Mechanics
Primary Evidence
"As the excitement over high-speed modems made headlines, I got a call in December 1994 from John Doerr, a Silicon Valley investor at venture capital firm Kleiner Perkins, renowned for his Midas touch with start-ups in the computer industry. He backed Compaq, Netscape, Sun Microsystems, and later, Amazon and Google."
"On the day Netscape went public in 1995, I watched as the value of a company that existed mainly in the digital ether soared to nearly $3 billion on the first trading day. It was the start of the dot-com boom (or bubble, depending on your timeline). Netscape’s new browser had suddenly made text-based websites accessible and fun to read for the first time, giving home computers a new purpose."
"TCI Tech Ventures had made an early bet, buying a 2.3 percent slice of Netscape in 1994, which had grown to ten times the initial $4 million investment a year later. TCI also owned a stake in the Sega Channel, a $15 monthly gaming service over cable-TV lines, and Acclaim Entertainment, maker of the popular video game *Mortal Kombat*."