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Viant Technology
Viant Inc. was a multinational 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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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 S.A. is a Fre ...
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Companies Disestablished In 2002
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ...
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Fast Five (consulting)
The "Fast Five" were a group of publicly traded 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 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, most professional services firms utilized a waterfal ...
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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., Divine 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 ...
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Divine (corporation)
Divine, Inc. (stylized in lowercase), 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 comp ...
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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 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 dismissal, 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 work, 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 1 ...
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Dot Com Bust
The dot-com bubble (or dot-com boom) was a stock market bubble that ballooned during the late-1990s and peaked on Friday, March 10, 2000. This period of market growth coincided with the widespread adoption of the World Wide Web and the Internet, resulting in a dispensation of available venture capital and the rapid growth of valuations in new dot-com startups. Between 1995 and its peak in March 2000, investments in the NASDAQ composite stock market index rose by 80%, 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, notably Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Others, like Lastminute.com, MP3.com and PeopleSound were bought out. Larger companies like Amazon and Cisco Systems lost large portions of their market capitalization, with Cisco losing 80% of i ...
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United States Dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the Mint (facility), 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 U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7734375 troy ounces) fine silver or, from Coinage Act of 1834, 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important intern ...
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South Of Market Area
South of Market (SoMa) is a neighborhood in San Francisco, California, so named due to its location south of Market Street (San Francisco), Market Street. It contains several sub-neighborhoods including South Beach (San Francisco), 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 Center, Moscone Conference Center. Name and location The area's boundaries are Market Street (San Francisco), 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 (California), 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, San Francisco, South Park, Neighborhoods in San Francisco#Yerba Buena, Yerba ...
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