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CDNow.com
CDnow, Inc. was a dot-com company that operated an online shopping website selling compact discs and music-related products. In April 1998, during the dot-com bubble, the company was valued at over $1billion. In July 2000, it was acquired by Bertelsmann Music Group for $117million; shortly thereafter Amazon (company), Amazon was contracted to operate the website. At its peak, it employed over 750 people and had offices in Fort Washington, Pennsylvania, New York City, London, and Los Angeles. Establishment and growth CDnow was founded in February 1994 by twin brothers Jason Olim and Matthew Olim in their parents' basement in Ambler, Pennsylvania. Initially launched as a Telnet service in August 1994, CDNow became a retail website in September 1994 using Valley Entertainment, Valley Records Distributors as a drop-ship fulfillment center. With three employees, the company moved near the Penllyn (SEPTA station), Penllyn train station in Lower Gwynedd Township, Montgomery County, Pennsy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jason Olim
Jason Olim was CEO and co-founder of CDNow, Inc., one of the first e-commerce companies (founded in February, 1994). He has earned Entrepreneur of the Year awards from the Small Business Association, Arthur Andersen, the Greater Philadelphia Chamber of Commerce (1997) and the Greater Philadelphia Venture Group (1999). Olim earned a Bachelor of Arts degree in computer science from Brown University. CDNow CDNow.com was among the first successful global online retailers. The company was founded in February 1994 by twin brothers Jason and Matthew Olim of Ambler, Pennsylvania. Initially launched as a Telnet Telnet is an application protocol used on the Internet or local area network to provide a bidirectional interactive text-oriented communication facility using a virtual terminal connection. User data is interspersed in-band with Telnet control i ... service in August 1994, CDNow became a retail site in September 1994 — far earlier than most of the dot-com retailers that gai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |