early on?...
early on?
Davis: What weren’t they? Hiring people, firing people, understanding our
business model, getting customers, servicing the customers, finding office
space, scaling the company, staring down competitors, going public, raising
money, satisfying shareholders. That’s all in the first 9 months.
Livingston: Did you know from the beginning that your goal was to go public?
Davis: No. When we started, I felt we could make a big business, but I didn’t
think it would be quite to the extent that it became. The week after we had started
the company, Dan Nova said to me, “This will never be a people-intensive business.”
But when I finally left the company, we had 3,500 employees. We also
joke about the fact that we once said, “At some point, if we’re lucky, maybe we’ll
get up to a million users of Lycos.” I think at the time, we had maybe 50,000 or
100,000. When I left the company, we had about 110 to 120 million, monthly.
Livingston: What were the big turning points?
Davis: There was no turning point per se. It was a complete evolution and there
was a new opportunity and a new challenge every day. As you mow down one
obstacle, there’s always another one waiting. We’d be fighting six or seven fires
at any given point in time on any given day, and you’re fighting all these fires at
the same time you’re trying to construct the blueprint of the house. So you’re
dealing with emergencies du jour while you’re trying to build a business.
But that’s the nature of the entrepreneur and that’s the nature of a young
business. We’d be hard-pressed to find a company in the history of business
that has laid out a blueprint and been able to follow that blueprint chapter and
verse throughout its life. It just doesn’t happen. It’s a changing environment out
there.
So there were many issues we faced. Staffing was a huge challenge. Lycos
became sexy after a few years, but early on, no one had heard of Lycos, and
those that had thought it was this crazy idea that wasn’t destined to continue.
Never mind the company—people didn’t believe in the medium then, so
recruiting employees was a challenge. Getting good people on board was tricky
because we had no proof points for employees in the sense that there was no
demonstrable success.
Livingston: This was before joining a startup was a popular thing to do?
Davis:Well, startups have been around forever, but working for a startup didn’t
have the euphoria that it had a few months later. But there have always been
entrepreneurs and people willing to take risks. The Internet wasn’t cool, for
| ← ’95, I was | sure, and Lycos → |