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Viant
Viant Inc. was a multi-national Internet consulting firm, founded in San Francisco in April 1996, that was one of the first web consulting firms during the early stages of the History of the Internet, Internet era. History The company was founded by Eric Greenberg, Duc Haba, Dwayne Nesmith, and Robbie Vann-Adibé as Silicon Valley Internet Partners (SVIP). It was one of the first consulting firms to attempt to integrate the disparate disciplines of strategy, 'creative' (design), and technology into a single value proposition and project approach. Such blended multi-disciplinary approaches have since become common. With investment from Mohr Davidow Ventures, Trident Capital, and Kleiner, Perkins, Caufield & Byers, SVIP grew rapidly. Robert Gett, from Cambridge Technology Partners, was recruited in mid-1996 in be the CEO. At this point, SVIP corporate functions moved to Boston, Massachusetts. Greenberg left the company in early 1997, and subsequently founded Scient. SVIP changed ...
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Fast Five (consulting)
The "Fast Five" were a group of publicly traded Consultant, consulting firms that developed in the mid 1990s to capitalize on the rapid commercial development of the Internet. The term "Fast Five" was coined to draw a contrast with the established Big Eight auditors#Big_5_.281998-2001.29, "Big Five" accounting firms with management consulting arms, and to make the point that the new breed of consulting firms was more nimble and could produce more rapid results. Business performance and rapid growth The firms innovate both technology and methodology, developing new techniques better adapted for Web site design and construction, along with back-end internet infrastructure. For example, Viant created a service model to obtain maximum utilization of the three essential disciplines (creative, business strategists, and technical professionals/software developers). Deliverables move forward based on team consensus, with input from all three disciplines. Prior to the service model, m ...
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Scient
Scient was a San Francisco-based Internet consulting company, founded in 1997, that was one of the large American consulting firms during the dot-com bubble. The company was founded by Eric Greenberg, who had previously founded its competitor, Viant. Its CEO was Robert Howe, the former head of IBM global consulting. At its height in the fall of 2000, it had quarterly revenues of US$100 million, 1,180 employees and a stock price of US$133. In August 2001, it bought rival company iXL; by then its quarterly revenues were down to US$11 million. In July 2002, the company filed for bankruptcy and was bought by SBI and Company, which became SBI Group. SBI Group later sold Scient with the other members of Avenue A/Razorfish to a company called aQuantive. aQuantive, in turn, was bought by Microsoft in August 2007 and became Microsoft's newly created Advertiser and Publisher Solutions (APS) Group. On August 9, 2009, Microsoft sold the firm to Publicis Groupe Publicis Groupe is a French ...
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Companies Disestablished In 2002
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Andrew Filipowski
Andrew J. "Flip" Filipowski is a Polish American technology entrepreneur born in 1950 in Chicago. He is currently the executive chairman and CEO of SilkRoad Equity, a private investment firm, and founded Platinum technology in 1987. He is also currently the Co-CEO of 'Fluree PBC', a blockchain database technology company. He also founded and is the chairman of VeriBlock a technology company that provides Bitcoin security to the world's blockchains. He founded or co-founded Blue Rhino Corporation, Primo Water, SilkRoad technology Inc., DBMS Inc., the House of Blues, SolidSpace Inc., Onramp Branding, MissionMode, Unocoin and InterAct 911. Platinum technology was sold to Computer Associates in 1999 for $3.5 billion, a record at the time for a software company. Filipowski's personal proceeds from the deal were $290 million. Filipowski founded or served in an executive capacity in a number of companies including divine, inc., DBMS, Inc. and Cullinet Corp; he also served in various ma ...
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Divine (corporation)
Divine, originally Divine Interventures, was a company that invested in internet companies during the dot-com bubble. The company was originally modeled after CMGI but changed its business plan after the bubble burst. The company's tagline was "an Internet Zaibatsu" and the company's goal was to create "a family of businesses that work collaboratively to create mutual opportunity and gain." In 2003, it filed bankruptcy and underwent liquidation after executives were accused of looting a subsidiary. History The company was founded by Andrew Filipowski in 1999. The company had 38 people on board of directors, including Michael Jordan, and on February 3, 2001, 27 members resigned as the company attempted to streamline its management. In July 2000, as the dot-com bubble burst, the company became a public company via an initial public offering. In February 2001, the company changed its name from Divine Interventures to Divine. In April 2001, the company acquired most of the assets ...
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Layoff
A layoff or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) for business reasons, such as personnel management or downsizing (reducing the size of) an organization. Originally, ''layoff'' referred exclusively to a temporary interruption in work, or employment but this has evolved to a permanent elimination of a position in both British and US English, requiring the addition of "temporary" to specify the original meaning of the word. A layoff is not to be confused with wrongful termination. ''Laid off workers'' or ''displaced workers'' are workers who have lost or left their jobs because their employer has closed or moved, there was insufficient work for them to do, or their position or shift was abolished (Borbely, 2011). Downsizing in a company is defined to involve the reduction of employees in a workforce. Downsizing in companies became a popular practice in the 1980s and ...
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Dot Com Bust
The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Some companies that survived, such as Amazon, lost large portions of their market capitalization, with Cisco Systems alone losing 80% of its stock value. Background Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840s, automobiles in the early 20th century, radio in the 1920s, television in the 1940 ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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South Of Market Area
South of Market (SoMa) is a neighborhood in San Francisco, California, situated just south of Market Street. It contains several sub-neighborhoods including South Beach, Yerba Buena, and Rincon Hill. SoMa is home to many of the city's museums, to the headquarters of several major software and Internet companies, and to the Moscone Conference Center. Name and location The area's boundaries are Market Street to the northwest, San Francisco Bay to the northeast, Mission Creek to the southeast, and Division Street, 13th Street and U.S. Route 101 (Central Freeway) to the southwest. It is the part of the city in which the street grid runs parallel and perpendicular to Market Street. The neighborhood includes many smaller sub-neighborhoods such as: South Park, Yerba Buena, South Beach, and Financial District South (part of the Financial District), and overlaps with several others, notably Mission Bay, and the Mission District. As with many neighborhoods, the precise boundaries of ...
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San Francisco Bay Area
The San Francisco Bay Area, often referred to as simply the Bay Area, is a populous region surrounding the San Francisco, San Pablo, and Suisun Bay estuaries in Northern California. The Bay Area is defined by the Association of Bay Area Governments to include the nine counties that border the aforementioned estuaries: Alameda, Contra Costa, Marin, Napa, San Mateo, Santa Clara, Solano, Sonoma, and San Francisco. Other definitions may be either smaller or larger, and may include neighboring counties that do not border the bay such as Santa Cruz and San Benito (more often included in the Central Coast regions); or San Joaquin, Merced, and Stanislaus (more often included in the Central Valley). The core cities of the Bay Area are San Francisco, San Jose, and Oakland. Home to approximately 7.76 million people, Northern California's nine-county Bay Area contains many cities, towns, airports, and associated regional, state, and national parks, connected by a comp ...
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Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ...
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