It’s possible that the Internet in fact has been under-hyped. I think we’re witnessing the creation of a brand new medium that will possibly be more important than network television.
Predictor: Doerr, John
Prediction, in context:In a 1995 article for The San Francisco Chronicle, David Einstein interviews John Doerr as he covers the incredible interest in the initial public offering of Netscape stock, and the months that followed. Einstein writes: ”The best possible explanation for Netscape’s phenomenal success may be that when people bet on it, they aren’t just betting on a company. They’re betting on the Internet itself. And many market-savvy observers believe it’s difficult to over-hype the potential of the Internet. ‘It’s possible that the Internet in fact has been under-hyped,’ says John Doerr, a partner in the venture capital firm of Kleiner Perkins Caufield & Byers – one of the early investors in Netscape. ‘I think we’re witnessing the creation of a brand new medium that will possibly be more important than network television.”’
Biography:John Doerr was hired at Intel, then a small, chip-making company, in 1974. He stayed there through the remainder of the ’70s. In 1980, he joined the high-tech venture capital partnership Kleiner, Perkins, Caulfield and Byers, where he helped nurture the growth of such Silicon Valley superstars as Sun, Intuit, and Netscape. In the late 1990s, he joined forces with Jim Barksdale to create TechNet Ð a bipartisan group designed to promote the new economy and the political profile of high-tech ideas. (Entrepreneur/Business Leader.)
Date of prediction: January 1, 1995
Topic of prediction: General, Overarching Remarks
Subtopic: General
Name of publication: San Francisco Chronicle
Title, headline, chapter name: Netscape’s Rise Is Getting Scary: It Shows No Sign of Slowing as Stock Soars 21 1/2 Yesterday
Quote Type: Direct quote
Page number or URL of document at time of study:
http://web.lexis-nexis.com/universe/document?_m=624f5ef8673a5abc75ddf58d6c0f02fe&_docnum=1&wchp=dGLbVtb-lSlAl&_md5=8d8a43e9634f70e431712e093e424351
This data was logged into the Elon/Pew Predictions Database by: Edwards, Elizabeth