From Publishers Weekly
Scads of disgruntled ex-employees have written thousands of pages on what it was like to work for a fly-by-night dot-com and how quickly it all ended. Despite the barrage of Internet reminiscences, Lori Gottlieb and Jesse Jacobs have penned their own version of life at the now-defunct online community Kibu.com, Inside the Cult of Kibu: And Other Tales of the Millennial Gold Rush. Dividing their book into 10 chapters entitled, "The Idea," "The Money," "The Culture," "The Parties," "The Lingo," "The Spin," "The Mismanagement," "The IPO," "The Layoffs," and "The Hereafter," Gottlieb and Jacobs intersperse their own experiences at Kibu with comments from nearly 100 players in the dot-com game. Kurt Andersen talks about the friction between the "New Media People" and the "Old Media People," Andrew Anker tells of Wired's dress code and Josh Keller explains how he handled laying off employees at the software company Ububu. Altogether, it makes for an amusing, if familiar, snapshot of a bygone era.
Copyright 2002 Reed Business Information, Inc.
Book Description
Yes, it really happened. Thousands of bright and creative people were lured by the promise of incredible freedom--and even more incredible wealth--into an alternative universe of "all hands" pep rallies, afternoon sushi runs, and Foosball tournaments cum strategy sessions. From the open-floor offices (complete with scooter stations) to the mysterious lairs of the all-powerful venture capitalists to the lavish launch parties, Inside the Cult of Kibu offers a backstage pass to America's capitalist culture at its wackiest. Drawing from dozens of interviews culled from the front lines, Lori Gottlieb and Jesse Jacobs present a rich tapestry of anecdotes and insights, revealing a world of extremes, from euphoria to disillusionment. Framed by a narrative structure that mimics the typical rise and fall of a dot.com, Inside the Cult of Kibu showcases the stories of the programmers and receptionists, Hollywood moguls, twenty-something CEO's, and everyone in between who experienced the virtual-reality show firsthand. Industry veterans themselves, Gottlieb and Jacobs present an irreverent and penetrating account of a business and cultural phenomenon that is now imprinted--for better or worse--on our collective psyche.From Inside the Cult of Kibu:We had moved into our industrial space in West 26th Street in New York, and there were lots of technology and internet companies suddenly crowded into this wonderfully exciting, multicultural building filled with all kinds of people--old little businesses and new dotcoms. One day, there was a banker from one of the big six Wall Street entities, literally walking the hallway, cold-calling, knocking on doors, and, basically offering funding. At that moment, I said to myself, "Man, oh man, this is crazy." That was the moment that I noted in mind as "OK, this is some high watermark of gold-rush madness."