Valley of the Boom (2018–…): Season 1, Episode 5 - full transcript

BARKSDALE: AOL is
a hell of a brand.

AOL EXECUTIVE: If we combine
our strengths, we can build a
firewall against Microsoft.

BARKSDALE: Very next day,
AOL announced a deal with
Microsoft.

They bundled Internet Explorer
into their operating system.

MARC: How long?

BARKSDALE: Three or four
quarters before it blows up
our bottom line.

WISKOWSKI: You can stop
selling. We're in.

DAN: This guy who has been
calling himself Michael Fenne
is really David Kim Stanley,

a fugitive of the law.

MICHAEL: iBash!

This is the biggest
star-studded musical
event ever!



BARRY: I was thinking,
we should do a test run.

MICHAEL: Why would I do that?

BARRY: To find out if there
are any kinks and, if there
are, iron them out.

STEPHAN: These IPOs are
becoming this rite of passage

that legitimizes
these companies.

How great will it be when
we can just get back to
running our company.

TODD: 30 million more
in capital to play with?

Pretty great.

STEPHAN: Are we going
to price? Is this thing
going through or what?

BANKER: Yes.
Yep we are!

PIT BOSS: 87!

-87!

(celebrating).

* Get that money



* It'll make you
scream and shout *

* Get that money

* Yeah that's what
it's all about *

* You like it baby

* Get that money

* It'll make you
scream and shout *

* Get that money

* Yeah that's what
it's all about *

* Get that money

* You know you like it baby

* Give it to me

* Money

* Get that money

* Oh *

GUY: You suck!

Two months later, it
had dropped to $22.

Now what dramatic misstep had
Paternot and Krizelman made?

They hadn't.

That was just the nature of
the market during the boom.

Valuations were
all over the map.

Was TheGlobe ever actually
a billion-dollar company?

I don't know, but I
will tell you this:

the same people that love
you for turning their
$2000 into $200,000

are singing a different
tune when those winnings
go bye-bye.

MAN: Bye-bye.

DARRIN: You're no longer
the whiz kids who with
drive and ingenuity

built something revolutionary.

You're the sons of bitches
destroying their nest egg.

You see, that's the deal
with playing on the big stage.

The whole world is watching.

Rooting for you to reach those
magical heights, and waiting
for you to slip up,

praying you do, and
then cursing you for it.

But all you can do is keep on
dancing and hope your next
move will send you shooting

right back up them pop charts.

(chokes).

Lemme go, lemme go, lemme go!

Hey!

Hey, hey, hey, hey, hey!

What are you doing, son?!

Square your shoulders.

Make sure your back foot
is perpendicular with
your throwing hand.

You ready?

Launch.

Oh-oh, whoo!

From now on,
that's how you throw!

BARKSDALE: DOJ moving
ahead with the anti-trust,

that was uh, a good thing.

But it didn't change the
fact that we lost $88
million that quarter.

Had to lay off a
fifth of the work force.

About 500 people.

ROSEANNE: This idea that we
actually had to let people go,
that after this crazy growth,

quarter after
quarter after quarter.

That we'd come to this
place where it just was
what had to happen?

TARA: These are people
that you have spent.

80% of your waking hours with.

BARKSDALE: We were not
selling as much as we
had hoped to sell.

And we had hired a lot
of people and we had to
lay some people off.

You hate to do that.

You just hate it,
but it was necessary.

It was the only way
to stay pushing ahead.

REPORTER: Mr. Barksdale, do
you anticipate more layoffs?

REPORTER: What do you say
to investors panicking
about the stock price?

REPORTER: How much
more market share can
Netscape afford to lose?

BARKSDALE: How you all doin'?

ROSEANNE: There's a
ton of interest still.

The sales people are
out selling like crazy,

their phones are still
ringing like crazy.

We're expanding all over the
world, so we're just trying to

fend off the ideas
that we are dying.

Trying to project a
very positive image.

REPORTER: Is Netscape dead?

BARKSDALE: You
all take care now.

ROSEANNE: There's me
personally who thought,

"Oh God! This is lookin' bad."

And then there's me.

VP of Corporate
Communications who said,

"Okay! What are we doing next?"

They're gonna ask, but
let's not get stuck in the
whys and the what fors

of how we got here.

We need to be projecting
confidence about
Netscape's future.

MARC: Happy, peppy,
bursting with love, got it.

ROSEANNE: Yeah, so as much
as you can, let's just guide
them toward our strategy.

MARC: Are we going to
have enough embalming fluid?

ROSEANNE: Netscape
as the Comeback Kid,
how we're re-emerging

MARC: You know, to get the
dead body ready for viewing,
so everyone can ooh and ahh

about how lifelike
everything looks.

Look at the corpse!

ROSEANNE: For
crying out loud, Marc!

Really, please.

MARC: It's just a joke,
Rosanne. Lighten up.

ROSEANNE: I'm just
trying to do my job.

MARC: Which apparently
entails talking through
every single detail

till we're blue in the face.

ROSEANNE: Maybe if you'd shut
up with your cute remarks,

we could have been
done ten minutes ago.

MARC: Maybe if we didn't have
this meeting at all, I could
have been home sleeping.

ROSEANNE: I'm so sorry
I dragged you out of bed
at the crack of 10:30.

MARC: Hey, I was here
last night until 4, okay?

BARKSDALE: Alright,
alright, that's enough.

This is not a position
any of us want to be in.

I mean, emotions
are running high.

We've got the layoffs,
the hit on the stock price.

Jim Clark personally lost a
billion dollars last month.

Rumor is he might even have to
downsize to a smaller island.

CLARK: I feel like you're
minimizing my hardship.

BARKSDALE: C'mon,
I'd never do that.

MARC: Rosanne, I've done
this hundreds of times.

I know what to say
and what not to say.

ROSEANNE: Great.

BARKSDALE: Ok, look, no tree
grows all the way to heaven,

but we got a lot of life
left in us here.

This is a helluva tree.

We just need to trim away some
of the unhealthy branches and

get this thing strong
and growing again.

CLARK: Even if we end up
selling it for the lumber.

BARKSDALE: Ok, Jim.

CLARK: No one's
shelling out for a dead tree.

BARKSDALE: Jim, Jim, c'mon,
what I'm saying is, you know,

stay civil, get back to work.

ROSEANNE: But we also have to
be clearer about what our
strategy is going forward,

because if indeed we cannot
compete on the browser,

then we have to convince people

that there's some other
reason to come to Netscape.

That was our job.

DAN: iBash was Pixelon's plan
to make the biggest splash

in a world where
dot-coms were

constantly trying
to outdo each other.

BRIAN: Everybody's vying for
eyeballs, trying to get people
to pay attention so what

better way to get somebody
to pay attention to you
than throw this big,

crazy party in Vegas.

MARK: I've been investing
in technology companies my
entire adult life.

There are certain red flags
that I always look for that
tell me the company's a scam,

and probably the biggest one,
the most enormous red flag

for any potential
investment is

throwing a party and
the bigger the party,
the bigger the scam.

No exceptions.

Pixelon is the poster boy for

the bigger the party,
the bigger the scam.

MICHAEL: Ok, so he's doing
a set in this little club
in Greenwich Village.

And it's early in his career,
he's still going by his birth
name, Anthony Benedetto.

So he nearly pees his
drawers, because who's in
the audience that night?

Mr. Bob Hope.

TOADY: Bob Hope the comedian?

MICHAEL: No, Bob
Hope the plumber.

And he was taking in a
show with his butcher
friend, Bing Crosby,

and Elizabeth Taylor
the court stenographer.

I'm just joshin' with ya, Don.

Of course Bob is wowed
by the show, and he asks
Tony to tour with him,

but he says, "Kid,
Anthony Benedetto's just
too long for the marquee.

How 'bout we call
you Tony Bennett?"

So Tony may have left his
heart in San Francisco,

but he left his name
in Greenwich Village.

JOYCE: I can't believe that
your husband had drinks
with Tony Bennett.

MICHAEL: Hey due diligence.

I had to make sure that
those pipes were still
in primo condition.

SHEILA: You think everyone
can meet him after the
show tomorrow?

MICHAEL: Oh, sure, I'll
give him a call first
thing once we arrive.

PAUL: To iBash!

TOADY: To Michael Fenne!

MICHAEL: To God.

ALL: To God.

BARKSDALE: There was a
movement going on in
that time, about how

if you had open source with
many people contributing to
a software product,

you had a much better chance
of developing something great,

than if you just had a
few people working on it.

We put the Netscape browser up
as an open-source contribution
to this movement.

TARA: Do not toy with me.

JEFF: I'm not toying with you.
I never toy with people.

SEAN: It would require a level
of cleverness I wouldn't
normally associate with him.

BARKSDALE: And the open
source effort, the software
was called Mozilla.

TARA: Open source?
Seriously?

SEAN: I'm telling
you, it's happening.

TARA: They said, alright, we
have this crazy idea that's
gonna help us compete,

we're going to release the
open source of the browser

and get open source
developers to help us.

SPENCE: The Net was used
mainly by engineers,
researchers,

some companies, universities
to share information, to allow
everyone to benefit from what

one person, or one
team has figured out.

JEFF: My famous chicken salad.

People ask for the
recipe all the time,

and I'm always like it's
none of your beeswax.

But that was the old me.

New me is like, you want
the recipe, it's yours.

I'll even do you one better:

you have ideas on how
to improve on my
creation, go for it.

Fontina cheese. Nice.

-Cherry mostarda.

JEFF: No clue what
that is, but looks good.

I definitely
know what that is.

SPENCE: We were all about this
history of open collaboration
and creation and research.

JEFF: Ok.

SPENCE: We understood
the value of sharing and

the Internet was
really all about that.

JEFF: Ok.

So maybe I'd have thought to
add at least some of those
ingredients on my own,

but even if I did, it's not
like I have a huge team
working on this and I don't

have time to fry the bacon,
make the mostara, go to the
store and get the cheese.

I'm hungry now!

So with the help of this
outside community of chicken
salad aficionados,

I have this tasty looking
sandwich in a fraction of the
time.

Basically, that's open source.

SPENCE: Choosing to open
source the browser was a
perfect maneuver in my mind.

JEFF: So you're thinking,
great, he's got a delicious
sandwich,

but everyone knows the recipe,
what's he gettin' out of this?

Well, a tasty sandwich is
gonna attract eyeballs.

And while checking out your
sando, those eyeballs may take
notice of some of the other

things you have to offer.

WOMAN: Any chance I could
have a bite of that sandwich?

JEFF: Sure.

Should we eat it Lady
and the Tramp style?

WOMAN: Ew.

JEFF: Obviously they
have to like the other
things you're offering.

ROSEANNE: To do something
like that, that 80 million, 90
million people would be using?

That's certainly
unprecedented at the time.

SPENCE: Because it was sorta
flying in the face of what
Microsoft was doing and what,

you know, Wall Street and
the press understood what
was supposed to happen.

ROSEANNE: You know, that's
what we did in releasing our
initial browser back in,

you know, '94!

And here we were again,
it felt like returning to
our audacious roots,

you know?

And I loved that.

SPENCE: It paved the way
for the Mozilla project
now, and Firefox,

the Chrome team from Google,
definitely influenced,

everything has been
influenced by it.

DAN: My job at the
The Industry Standard
was a reporter.

I first met Michael
Fenne when iBash happened.

MICHAEL: We have this
proprietary technology.

Revolutionary technology,
$28 million in the bank
because our friends at

Advanced Equities, out there in
Chicago, they recognize that
Pixelon has built a pipeline

to the future.

And it struck me: hey, we
can't keep hiding our light
under a bushel.

iBash is our candlestick and
it's gonna giveth light all
over the world.

DAN: I'd really love
to hear more about what
brought you to this point.

You know, how does a
kid from Appalachia
end up a tech pioneer?

You are from
Appalachia, right?

MICHAEL: What
makes you say that?

DAN: I had a girlfriend
whose family was from there.

Your accent.

MICHAEL: What accent?

We've got the biggest names in
all of music, nobody's gonna
give a tinker's cuss who

Michael Fenne is.

Hey Paul, c'mere, I want
you to meet Dan Goodin.

He's a reporter doing a
story on our rise to glory.

DAN: And saying that the
reason that he's doing it is
so that he can make this major

splash and get, get
all of this attention.

And yet, he's meeting a
reporter, and he's, he doesn't
wanna answer any questions

about his personal life.

He doesn't want any
pictures of him taken.

And he seems not at all
comfortable being the
topic of conversation.

MICHAEL: Paul here is
our newly christened CEO.

He still has a few glass
shards on his shirt sleeve
where I smashed him with a

champagne bottle.

Alright, can you go check on
how my wife and see how she's
getting on with those kids?

PAUL: I'm on it.

MICHAEL: Thank you, Paul.

Yeah, we invited a
group of disadvantaged
children to iBash.

Leann Rimes, she
helped spearhead it.

Lovely young lady.

And beautiful voice.

She, oh, wait, are
you more of a Who fan?

DAN: I love The Who.

MICHAEL: I knew it.
I knew you loved The Who.

GARY: At some point it was
announced that The Who had

been paid $2 million to reunite.

MICHAEL: It's gotta give
you goose bumps knowing
that in a few short hours

Pete Townshend's gonna be out
there windmilling his guitar,

and you're gonna have
a front row seat.

DAN: Well, I mean,
everyone with an Internet
connection is going to

have a front row seat, right?

MICHAEL: Yeah.
Hey. C'mon.

DAN: Is there a number
Pixelon's banking on?

Millions?
Tens of millions?

MICHAEL: Could be a billion.

STAGE MANAGER: Sir!
You shouldn't be here.

Did you hear me?

DAN: That's Michael
Fenne, that's Michael Fenne.

STAGE MANAGER: Well,
Mr. Fenne, I'm so
sorry, I didn't...

MICHAEL: I, it,
honest mistake.

Don't give it a
second thought.

I should really personally go
check on Leann and Sheila, ok?

We'll talk later.

DAN: Ok.

STEPHAN: There was a motto,
uh, I believe at Netscape
which the CEO,

a termed he coined
called GBF, get big fast.

CLARK: Get big fast.

TODD: Get big fast.

ED: No matter what
the expense, get big.

CLARK: If you can get big,
then it's harder for someone
else to take you down.

ED: Get big fast.

STEPHAN: Doesn't matter
how much you're losing,
get big fast,

be the biggest.

ED: Get bigger, get
bigger, buy things,
and so we did that.

TODD: We started
doing some acquisitions.

ED: Now we were managing a
company, you know, with a
nine-figure valuation.

We needed to feed that
valuation, I don't know what
we spent,

a couple hundred million
dollars maybe on acquisitions.

TODD: We started to get
into the video game business.

STEPHAN: It was
like, ah, gaming!

We went and bought a whole
network of gaming sites:
Games Domain.

Happy Puppy.

Hey, if you buy a company
that has hundreds of
millions in revenues,

that brings stability to your
business, that makes that
billion-dollar valuation

we have more real.

TODD: We were trying to keep
up to prove that the valuation
we had been given was

something that was
actually deserved.

STEPHAN: Mike Egan was like,
hey Todd, you know this guy
who runs Sunglass Hut.

They don't have an
Internet strategy yet,

let's create one for them
and have Sunglass Hut.

If you acquire something
with huge revenues
that's successful,

that helps.

But if you buy the wrong
stuff, we were getting caught
up in chasing after the next

new new thing as well.

And it was a massive
distraction from our core
focus.

ED: Sort of the
nature of the beast.

You're changing ownership,
you're changing the way things
are managed.

STEPHAN: When you're on
to a winning formula,
focus like crazy,

double down, get better and
better at that one thing.

TODD: Focus on the
original business.

ED: You're trying new things,
you're combining things, and
sometimes uh,

those things don't work.

JEFF: Why does
this keep crashing?!

What am I missing?

Okay, think. Think.

MARC: Have you
checked for segfaults?

JEFF: Duh, of course
I checked for segf...

Hi.

Did you wanna?

Here, I'll just, uh.

I'm Jeff, by the way.

full motion TV quality
Internet broadcaster.

See more of Pixelon's
iBash artist performances
and backstage outtakes

*

DAVID SPADE: Hold onto
your trackballs, people,

there's a lot more
show coming right now.

BRIAN: The goal of iBash was
to have this huge audacious
launch party in Vegas.

DAN: You know, The Who, the
Dixie Chicks, Tony Bennett,
Kiss, LeAnn Rimes.

BRIAN: Faith Hill, and I don't
even remember you know all,
all the names that were out

there and quite frankly some
names I don't even, I'd never
even heard of before.

SHEILA: Those kids,
those poor kids.

Leann, she said I could call
her Leann, she was talking
with this one girl,

dad's in jail, mother's
an addict, I'm sorry.

Oh. Oh, thank you.

DARRIN: I know, months have
passed in the other stories

and yet it is still
the same day here.

Hmm.

So do you want to geek
out about the laws of
time and space?

Or do you want to know what's
going to happen with iBash?!

iBash! iBash!

C'mon!

I don't want it back.

TOADY: Uh, Michael.

With the IPO just around the
corner, listen, with the IPO.

The IPO, just around the
corner there, uh, and only so
many shares to be had in a

friends and family round,
everyone, everyone's gonna be
coming out of the woodwork

claiming to be a dear-old
friend of Michael Fenne,
Mike Fenne, Mike Fenne.

I don't wanna put any
pressure on you, ok?

The last, the last thing
I wanna do is put any
pressure on you,

but, you know, I
think I need 200,000.

JOYCE: I knew I
recognized him.

TOADY: Think maybe 200 thou.

Mike Fenne, Mike Fenne.

DAN: It, of course,
was not known at the
time that, you know,

Michael Fenne was not in
fact Michael Fenne but was
in fact somebody named

David Kim Stanley and he had
launched this startup under
completely false pretenses.

CREW: David! David!

Mr. Fenne?

Sorry to bother you but
someone really wants to
get ahold of you.

MICHAEL: Oh.
Thank you.

TOADY: So, I don't
know, what do you think?

MICHAEL: What?

ED: CNBC wasn't what it is
today, but it was growing and
they were doing a lot of shows

about, "How could this be?"

"Look at these young rich
Internet gazillionaires!"

"How can this company be worth
more than General Motors?!"

STEPHAN: We had people in the
message boards that were like
trying to short our stock,

trying to pump our stocks,
saying all sorts of (bleep).

ED: This story of rich,
good-looking gazillionaire
Internet kid had played.

And now they were looking for
the other side of that story.

VOICEMAIL: You
have 10 messages.

FEMALE (over phone):
I hate you! I hate you!

I read this in the
message boards, everybody
hates the founders!

STEPHAN: There was a voicemail
and on it was a woman who
started just begging and

saying, I put in my life
savings, I think a couple
hundred thousand dollars

into TheGlobe and it's all gone.

For like a week this woman
left us these voice mails of
desperation and she couldn't

understand where
her money had gone.

She thought we had it.

VOICEMAIL: You
have 8 messages.

FEMALE (over phone):
I lost all my money!

Please, please, pay me
back all my money,
and I will be fine!

Pay it back!
Pay it back!

(bleep) you!

STEPHAN: And she was getting
more and more frantic and
screaming on the phone and

threatening us and it ended
up with her yelling like,

"I'm gonna kill you, I will
kill you if you don't
give me my money back."

FEMALE (over phone):
People keep saying they
want you to die!

Well you should die!

I'm gonna kill you!

I will kill you if I
don't get my money back!

ASSISTANT: The team
from Azazz is here.

STEPHAN: I think I'd much
rather stay and listen to this
message again.

FEMALE (over phone):
(bleep) you! I want
my money back.

STEPHAN: There'd been
on the news a story of
a day trader going in

and killing all his
colleagues at work.

It was like a thing
now, that people were
losing their (bleep)

and going and killing people.

So Todd and I were like, are
you (bleep) me, we have
someone who wants to kill us

now, are we going to have
to get security here,
what's going on?

JENN: Azazz?
That's the online retailer?

STEPHAN: I don't even
know why we're in retail.

I mean I know why: Amazon got
huge, or a bunch of analysts
decided that Amazon got huge,

so we of course have to
plunk down $45 million
on an e-commerce.

We sent them nearly 250,000
users a month but, their sales
have barely moved.

They act like they're these
avant-garde entrepreneurs and

we're the old Wall Street
dudes from Trading Places.

"Good morning, Randolph."

"Good Morning, Mortimer."

Hey, we were you
like last year?

We're actually
younger than you.

You know, Yahoo would
have totally dropped
the hammer on them.

And I don't know, maybe that's
what we should have done, but
is that even who I am,

what I want my
leadership style to be?

JENN: Hi.

STEPHAN: Sorry.
I'm being totally.

JENN: No, you don't need to.

It's okay.

I mean, it's not okay, but
only because you're not okay.

STEPHAN: I just, I
feel like a failure.

JENN: A failure?

Yeah, yeah, that tracks.

You're 25 and co-CEO of
a company you founded,
a company that posted

the largest first day
gain of any IPO ever.

Plus, you're dating this
super-smart, extremely cool,
astoundingly beautiful woman.

STEPHAN: And modest.

JENN: Yes, for sure, by
far the most modest person
in all of human history.

*

(phones ringing).

MICHAEL: Hi, this
is Michael Fenne.

EMPLOYEE: Mr. Fenne,
I'm so sorry to bother you,

but the phones here are
ringing off the hook.

People can't seem to
access our live feed.

We called the encoders,
but they said they're just
uploading edited clips for the

site, and no one seems to
know who's actually handling
the live simulcast.

We were hoping maybe you knew
what the problem might be?

MICHAEL: Why are
you lying to me?

EMPLOYEE: Why am I, I'm
not, which part do you
think I'm lying about?

MICHAEL: Lying
is a mortal sin.

Didn't your
parents teach you that?

Well one way or
another, you're gonna learn.

When I get back, you're gonna
come up to my office and I'm
gonna give you a whooping.

Now what'd you say
your name was again?

EMPLOYEE: I didn't.
It's, it's Brad.

MICHAEL: Bradley.

SHEILA: Hey! Faith Hill's
about to go on.

Some of us are gonna
head out into the audience.

MICHAEL: Mhm.

SHEILA: You know a lot
of people say I look
like Faith Hill.

MICHAEL: You're much prettier.

SHEILA: Aren't you
just the sweetest thing?

So come on, we only
have a few minutes.

MICHAEL: Come on where?

SHEILA: To watch Faith Hill.
You're coming, right?

You have to see her live.

MICHAEL: What the
hell is wrong with you?!

I am trying to pull off the
biggest event in Internet
history and all I ask is that

you let me do my job
and not embarrass me!

But there you are
crying about Leann Rimes!

Comparing
yourself to Faith Hill.

Chasing after every celebrity
with your autograph book like
a stupid little schoolgirl!

SHEILA: I just thought.

MICHAEL: You just thought.
Well don't just think!

I swear, Sheila, I swear!

Act like you've
been here before!

DIRECTOR: Phil, show me
a preview of B and 4-A.

Someone get a
chair for Mr. Fenne?

GARY: It turns out that
streaming media over the
Internet requires a fairly

robust technological
capability and infrastructure.

DIRECTOR: Happy with
what you're seeing?

MICHAEL: I am.

GARY: We had a
venue, we had acts.

What we didn't have was the
ability to actually show it.

DIRECTOR: In 3, 2.

TECHNICIAN: I
know who you are.

MICHAEL: You do?

DAN: Michael Fenne
was a completely
fabricated identity.

Did not exist.

Michael Fenne was an
elaborate cover for a
fugitive from the law,

David Kim Stanley.

MICHAEL: I'm Michael Fenne.

I'm Michael Fenne.

Hi, I'm Michael Fenne.

Michael Fenne.

Hi, I'm Mike Fenne.

Michael Fenne at your service.

David Kim Stanley? What?

I'm Michael Fenne.

I'm Michael. Fenne.
I'm (bleep) Michael!

SHEILA: I don't know if you
had a chance to see any of it,
but Faith Hill sang,

"This Kiss," ah, which
is my absolute favorite.

She also sang "Breathe"
and "The Way You Love Me."

Anyway she was amazing!

MICHAEL: I knew she would be.

What did I tell you?

SHEILA: You told me
she'd be amazing.

So should we go
back to the party?

MICHAEL: It's like
you're reading my mind.

JANET: The Justice Department
has charged Microsoft with
engaging in

anti-competitive and
exclusionary practices
designed to maintain its

monopoly in personal computer
operating systems and

attempting to extend that
monopoly to Internet
browser software...

TARA: Hey, what's the...?

SEAN: The government's
now going after Microsoft
with both barrels.

TARA: Cool.
I also have breaking news.

It's about Mozilla and the
mountain of compiler errors
still in the two and a half

million lines of code we're
racing the clock to finish.

JANET: No firm should be
permitted to use its monopoly
power to keep out competitors

or to spurn innovations.

TARA: We're in a hurry.
We wanna get this done in Q1.

We said, 1998, Q1,
that means March 31.

We have to release the source
by the end of March, no slips,
get it done.

And right up until the last
second we were working on it.

It was insane.

SEAN: Seriously?

-Yes. Yes! Whoo.

Yeah! Whooo!

TARA: When we released
the open source code,
it was super exciting.

We sat there and watched the
downloads off the FTP servers.

We were not sure if anybody
was gonna wanna download it.

But, there were
downloads all over the place.

It was amazing.

It was something that we
could feel strongly about.

Like oh my God,
nobody's done this before.

It's kind of like
Netscape part 2.

-Yeah!

BARKSDALE: Is this
working, can you hear me?

Everybody hear me?

Test, test.

Don't make me dance, people.

You may've heard.

We pushed our source
code out onto the Net.

-Yeah!

BARKSDALE: So our code is the
world's code and the world,

the world is gonna help us build

the most kick ass browser
anyone has ever seen.

-Yeah!

BARKSDALE: You guys
have fun tonight.

You deserve it.

CLARK: How serious?

BARKSDALE: Serious enough
I'm telling you about it.

Hey, Eugene.

You crushed it. Way to go.

There are a million details
that would have to fall into
place,

but it's within the
realm of possibility.

CLARK: I must be
having visions.

Marc Andreessen at
a social gathering?

BARKSDALE: Keep an eye out
overhead for the flying pigs.

MARC: I figured with a couple
seniors at the party, it
shouldn't get too raucous.

CLARK: He just called us old.

BARKSDALE: No, I think he means
like high school seniors,

like we're the cool ones the
kids wanna hang out with.

MARC: Oh, yeah, sure.

CLARK: So Jim was just
telling me about the...

BARKSDALE: I actually, I
haven't told Marc yet.

MARC: Told Marc what?

BARKSDALE: You
know what, not here.

Let's go. Follow me.

ED: Todd and Steph had created
a lot of value in the company

by putting themselves out there.

Much like a Richard
Branson is associated
with all things Virgin

or a Steve Jobs with
all things Apple,

that's how they were and
that's how they saw themselves.

STEPHAN: CNN asked if they
could do a full- fledged
documentary for this

new show they had,
called CNN Movers.

It would require them
to follow Todd and I
into our private lives

and document a typical
day, or week.

TODD: See you Monday.
STEPHAN: See you Monday.

And our publicity team said,
"That seems like a pretty good
opportunity,

we should do it."

Great, alright, let's do this.

ED: The CNN piece would
probably be the low point
of the whole experience.

STEPHAN: They followed Todd
separately to see what his
personal life was like,

they followed him out to the
Hamptons, where he had some
friends over and he was doing

a barbecue and
playing badminton.

-Oh!

TODD: I played badminton
once in my life, you know,

a really thoughtful producer
set up a badminton game.

But we entered into the
piece willingly, it was
not like we were coerced.

STEPHAN: And they asked like,
"Hey Steph, we've heard about
you wanting to go out and party,

And you love the nightlife,
can we follow you out to
one of your clubs?"

"Sounds like a great idea."

They lifted some audio that
they'd recorded off camera,

where I was using total
sarcasm and being facetious.

Got the girl.

Got the money.

Now I'm ready to live a
disgusting frivolous life.

And I said it off camera
because I would never wanna
say something like that,

and I don't live that life.

But it played perfectly over
the scene of me dancing in a
nightclub in my vinyl pants.

Got the girl.

Got the money.

Now I'm ready to live
a disgusting frivolous
lifestyle.

It was a total cheap shot.

TODD: That piece
was very damaging.

ED: It aired at a time when
the stock price was not doing
well and this just sorta threw

gas on the fire.

STEPHAN: Dude, you know
they took it out of context!

TODD: You created the context!

Seriously, how hard would
it have been to have not
said it at all?!

How hard would it have
been to, I don't know,

stay at home and rent a
movie with your girlfriend?!

STEPHAN: I didn't want to rent
a movie with my girlfriend.

I wanted to go to a club!

TODD: In plastic pants.

STEPHAN: Vinyl.
And yeah. So what?

I'm a 25-year-old, working my
ass off, and I wanted to blow
off a little some steam in the

pants of my choosing.

TODD: You are not just
some 25-year-old, Steph.

We are running a
billion- dollar company.

And you played right into
the narrative that maybe
we shouldn't be.

STEPHAN: I said I was sorry.

I don't know what
else you want from me?

TODD: I want this
not to have happened.

What is that?

STEPHAN: I'm pressing
the backspace key.

It should just be a
few more seconds.

TODD: Great.
You're hilarious.

STEPHAN: They wanted to
see my life, and so I
showed them my life.

And in my life I
make mistakes.

Because I'm not a robot.

TODD: Oh, with the implication
being that I am a robot.

STEPHAN: We've gotten millions
of dollars of free press.

You think it's because of your
painfully careful, prepackaged
answers?

You think CNN even runs the
piece if it's just us sitting
around eating cheeseburgers?

But hey if you want me
to be boring and safe,

we can try the Todd
Krizelman plan for a while.

TODD: Screw you.

STEPHAN: When we'd met Michael
Egan, I think we had like
maybe a million users a month.

By that summer when CNN was
running, we were in the, maybe
15 million users a month.

And we peaked at around
20 million users a month.

So it was going
up and up and up.

And our ad sales were
going up and up and up.

And our revenues went again
from like a million to five,

six million bucks when we went
public to $20 million in 1999.

We sparked off
Internet IPO mania.

So hundreds of Internet
companies went public and
if an investor can choose

between staying in a stock
they've already been in a while

or going for the next
new hot thing, they do.

Our stock just started
sliding, and sliding
and sliding, and so

when you put on a CNN
piece like that that's
more controversial and

your stock price is still going
down, that was the problem.

SEAN: I mean, he's amazing.

And I'm like I've
got to meet this guy.

Anyway, turns out he's 16,
living in rural Georgia.

TARA: Okay, I'm not
crazy about where this
story is headed.

(coughing).

SEAN: He's been contributing
to the open source.

You knew that.

JEFF: What's going on?

TARA: All hands meeting.

JEFF: You sound terrible.

TARA: Bronchitis again.

It's almost as if 90 hour
work weeks aren't conducive
to good health.

JEFF: Wasn't the
all-hands meeting
supposed to be next week?

SEAN: I think they
were worried Tara
might be dead by then.

(coughing).

(phone rings).

BARKSDALE: Hello, Marc.

MARC: Oh, Jim, hi sorry, I
didn't mean to call you.

I hit the wrong speed dial.

BARKSDALE: No worries.
I made a mistake once.

MARC: I doubt that.

BARKSDALE: Hey, you know,
it gets kinda lonely for me
up there,

if you want to
join me this morning.

MARC: I have
errands I should run.

You got this.

I'll be in later.

BARKSDALE: Alright,
ok, I will see you then.

JEFF: Tell me if you heard
this one: Why do Java
programmers wear glasses?

TARA: I don't know, Jeff.

Why do Java
programmers wear glasses?

JEFF: Because they don't "C."

Like "C," the programming
language, but also "see" like
"see."

SEAN: No, I get it, I get it.

TARA: I just didn't laugh
because I was worried it
would hurt my throat.

WOMAN: Such a stupid joke.

I love stupid jokes.

SEAN: How come all
the girls like you?

(coughing).

BARKSDALE: Hey, hey
everybody, listen up.

Uh, late last night,

we reached an agreement
to sell the Netscape
Communications Corporation

to AOL of Dulles, Virginia.

It was all their idea.

I mean, I didn't go to them
and say, do you want to buy
our company,

uh, Steve called and said he
wanted to talk to me about
something and we got together,

and he said he wanted
to buy our company.

STEVE: I met with Jim
Barksdale, multiple times,
you know,

8-10 times, over a number of
months and ultimately we
strategically saw a way to

align our interests.

WOMAN: We think it's positive
for the combined company.

It takes AOL which is
historically been just
on the consumer side

onto the business side.

BARKSDALE: I think the AOL
team liked what we were and
they liked our brand name and

they liked our
image in the market.

REPORTER (over TV): American
Online says combining the
web audience of AOL and

Netscape's net center will
let consumers and businesses
do more on the web.

It would be the
Internet's first mega-deal.

STEVE: When we announced the
acquisition of Netscape,

I think the value was
about $4 billion.

REPORTER (over TV): The two
companies are eyeball magnets
on the web.

AOL and Netscape's net
center capture top web
ratings and analysts say

the combination would
be formidable.

CLARK: I began my exit process
right then, I said, "I'm out."

I wasn't interested
in being part of AOL.

BARKSDALE: I thought
it was a good deal.

I still do.

REPORTER: Just three
years after Netscape's IPO
served as the Internet's

Big Bang, a whimper of an
end to its independence.

CLARK: Just not clear we
would have survived at all,

so it was really the
right thing to do.

BARKSDALE: We had the best
people, the smartest, bestest
folks you could imagine.

I loved 'em all and I thought
it was the best thing to do

for them and for the investors.

REPORTER (over TV): The deal
would seem to carve up the
company that had it all just

three years ago.

A hot product, wunderkind
co-founder Mark Andreessen
and a sizzling IPO.

MARC: What? You think
I should be there.

You think I'm this
cold-hearted bastard who
doesn't even care enough

about the end of his own company
to show up on the big day,

that I'm someone incapable
of feeling anything

in this moment, in any moment.

Yeah, okay, that's certainly
a plausible explanation.

It's also plausible that
creating this browser was
the only thing that really

mattered to me in my life,
the only thing that made me
feel alive,

the thing that doesn't just
define my work and career but
is the living embodiment of

everything I'm about.

Now I have to deal with
losing it and I can't be
there to watch it die.

Or maybe I don't want
everyone to see how excited
I am about the sale.

This is a big
win at this point.

Who cares that it's AOL?

I'm parachuting out
with hundreds of
millions of dollars.

So which one is it?

TARA: An unbelievable amount
of effort, with the creation
of Mozilla as an open-source

entity and that was supposed
to be the thing that allowed
us to turn the corner.

And then when the AOL
acquisition was announced,
it's like, "Oh, God,"

not only did it not work,
we're getting bought by
this company that we've

maligned for the
past three, four years?

JEFF: This is messed up.

TARA: Yeah.

WOMAN: Totally.

TARA: I mean, that was, that
was many nails in the coffin
for a lot of people.

It was right about that
time that I resigned.

Myself included, honestly.

I didn't have it in my
anymore to fight the
browser war, I was done,

the soldier was done.

That's when we called it the
Great Netscape Diaspora
really began,

when people started to leave.

The war was over.

What Netscape hoped to do was
to save the company and to
save the browser business and

to try and win at least some
battles in the browser war
but it ended up not saving

Netscape in the end.

For those of us who cared more
about the browser and the
technology and the ideals that

we had about making something
that changed the world, in
that way we succeeded beyond

what anybody could
possibly consider success.

I got to be part of two
truly amazing milestones
in high-tech industry and

I feel very grateful for that.

(phone rings).

MICHAEL: Paul!

Hey Lee, it's Michael Fenne.

I see I missed a couple calls.

WISKOWSKI: 22. You missed
22 calls, Michael.

MICHAEL: Oh, well,
it's been a crazy day
here as you can imagine,

I do apologize, but we
cannot argue with the results.

Unqualified success.

WISKOWSKI: You're joking,
right? You're joking?

MICHAEL: Okay fair enough,
some people thought that
Kiss was lip-synching,

but they're legends, let's
not judge them too harshly.

WISKOWSKI: That is not
what I'm talking about.

Listen. It didn't work,
Michael. iBash.

You didn't deliver
on what you promised.

MICHAEL: Well, I have a holy
host of people here who
would argue otherwise.

Hey, what did
y'all think of iBash?!

-Whooo!

WISKOWSKI: Well
I called around.

And no one could stream it.

MICHAEL: Huh.

WISKOWSKI: "Huh"?
That's it? "Huh"? Ok.

What do your
technical people have to say?

The ones who
handled the streaming?

GARY: I told them that
iBash could not possibly
be distributed over the

Internet with
Pixelon's technology.

MICHAEL: Hey, these friends
that you called, now any of
'em have a T1 line?

Cause download
speeds on T1 lines...

WISKOWSKI: Friends in
Chicago, friends in Los
Angeles, Miami, Dallas,

a friend whose office
overlooks the Jumbotron
in Times Square.

Nobody, nobody saw a
goddamn thing, Michael!

Nobody!

MICHAEL: Lee, did I do
something to offend you?

WISKOWSKI: Yeah, you spent
$12 million of my money on
something that didn't work.

MICHAEL: $12
million of your money?

WISKOWSKI: Just
admit it didn't work.

Just admit it.

MICHAEL: Even if what
you're saying is true,
which I'm not saying it is,

but let's just imagine
that you're totally right,
computer screens,

the Pixelon player
just a blank screen,
people staring at it,

nothing happening,
complete and utter
failure, did not work.

It doesn't matter.
It doesn't matter.

Ok?

What matters is it could
work and someday it will work.

That's the moment we're in,
this glorious technological
revolution.

It's what people
are hoping for.

The promise for a
better tomorrow.

That's what we're selling.

Ok? Fortunately for
us, it did work.

GARY: They faked it.
It was a scam.

iBash failed.

MICHAEL: It's just
the icing on the cake.

Alright?

Let's talk next week.

MARK: What entrepreneur is
dumb enough to spend all
of their money

on a party when their
technology is not ready

and they need to get their
technology ready,

10, $15 million,
are you kidding me?

MICHAEL: Hey, not
leaving already, are you?

DAN: I'm not much
of a night owl.

MICHAEL: How'd
you like The Who?

DAN: They were incredible.

So you must be pleased
with how the day went.

MICHAEL: Absolutely.
Nothing but blue skies ahead.

* I can see blue skies
on the horizon *

* Feeling like
this is my day *

Captioned by Cotter
Captioning Services.