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I talk to lots of people who come here
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looking for the Silicon Valley experience
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They arrive with one suit case in hand
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when they head south on the 101.
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Hoping to see it this place they've heard about
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and its freeways, and its office parks
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and its strip malls, and
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it looks like every place they've ever been
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end up wondering where are they come,
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why did they come here,
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what was that brought them
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Code itself is the underlying thing that makes computers work
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Why is it important to the world, it's because
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it's the blood of the organism, that's our culture now,
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it makes everything go
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Technology has become a God of our society now
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I mean I think that its--people stand in awe of it
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and stand in awe of the people that make it
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There's a sense that software is a kind of new frontier
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it's you know it's the old gold rush metaphor
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the California gold rush all over again
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It's the kind of Hollywood of the Twenties.
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This very small set of people is really defining
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how our world's gonna be like
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I mean you know the computer becoming ubiquitous
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and the way we interact with the world
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more and more mediated through the computer
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is this very small group of people
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defining what that world's gonna be like.
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Netscape !
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everywhere !
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team !
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fight !
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Less than three years ago
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a small team of engineers at Netscape Communications
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created software that made surfing the Internet easy
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and in the process change the face of computing
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On this day however, the company is in big trouble
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driven to the ground by its rival and software colossus Microsoft
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Only a radical strategy will help save it.
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"Let's hear a loud Mozilla !"
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Mozilla ! Mozilla ! Mozilla !
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Netscape is giving away its source code
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to programmers outside the company
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The source code is the secret formula for browsing the web
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The code is named Mozilla and if widely adapted
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it will make Netscape's code the Internet standard
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drawing users to its other products
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and restoring the company's sagging fortunes.
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Our story focuses on team of engineers
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who will come together in this building
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Over the course of the next year
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they will turn their lives inside-out to create Mozilla
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and battle a giant competitor to save their company
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and shape the future of computing.
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Right now we have a problem with the work looks like it can't possibly be done
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for the date we announced
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so were just trying to
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drill down on how doomed we are
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and sometimes the only way to do that is
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to get everybody in the room and stare each other in the eyes.
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We said were giving you Netscape Communicator on 3/31
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so if were not giving them Netscape Communicator on 3/31
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we need a way to address that.
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The goal is to get Mozilla to developpers by March 31th
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a few shorts weeks from now
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it is one of the most ambitious schedules in the company history.
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- It's a joke
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- I think we have been very exclusive
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Michael Toy one of Netscape's first employees
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heads the team that will prepare Mozilla for public release.
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We're probably doomed, we're probably gonna fail
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Microsoft is probably gonna squish us like bug anyway
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but just cause were doomed doesn't mean
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you know we cant get up in the morning and do work
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All rise
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the honorable Michael Toy presiding.
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I'm pretty flip with my kids about what I do.
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What do you do at work dad? Oh I don't know I sit in meetings
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and feel depressed and I read e-mail.
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Oh oh you got me !
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But they think my office is the greatest place in the world though
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It's like "Oh were going to your office ?"
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"Oh yeah yippie I love going to your office !"
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They play with the guns and there is free soda
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and there is the giant balls
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basically I work at Disneyland as far as they're concerned.
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I talk about marathon versus sprint.
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The hard part is to run with significant intensity the all way
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knowing that if you ever start walking
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you're not going to make it and just keep the end in sight
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and know that there's this urgency.
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Jim Roskind an expert on software security
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is brought in to enforce rigorous standards of engineering precision.
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Imagine if you had a project
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where you felt doom was imminent
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all the different players wondering
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are they pushed beyond their level
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can they think of way of running faster,
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can anyone help them ?
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So there's lot of tension
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and anxiety over making the schedule.
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Jamie Zawinski, free source code evangelist
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will enlist outside developers to Netscape's cause.
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The free source thing is trying to change the rules, right.
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There are people who have the free software religion,
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the one thing they have in common is they're all hackers
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they're all like writing code
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so you hoping to tap in to all of those smart people
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and get something from them, you know, so that everyone benefits..
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I talk about 2 millions and 2 half millions lines of code
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and everyone of them has to be gone over
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carefully and in some cases twice.
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With hundreds of engineers converging on Mozilla,
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with new code to enable its release,
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Tara Hernandez make sure
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that their changes do not crash Mozilla
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and brings everyones work to a halt.
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This is how we keep track
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of all the changes that are going in.
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Green is good.
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Lot of changes going on right here,
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and wham, the build all died.
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Ok, alright, bye.
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We're doomed.
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Some of the worst crashes are reserved for Scott Collins
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a veteran code writer who stands by
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for late night troubleshooting.
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I've been here for about
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I don't know, 60 hours or so.
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Writing software is different from
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selling real estate.
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Selling real estate you sell the people
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the people sleep at night.
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When they go to sleep you have to stop selling real estate
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Computers never sleep.
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You can see my cube is decked out a little bit better than
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all the people's.
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I have a nice couch
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little mattress under there I can sleep in
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artwork from my children
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I have control the light switches.
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This is what I'd like to get if my wife truly love me
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she'd let me have one.
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Life is good.
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Ok
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Bug count.
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Alright, there are a ton of bugs on here that
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people just aren't doing anything about.
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To give away its code
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Netscape engineers must make thousands of bug fixes
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Often minute changes that will allow the code
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to be used by outside developpers.
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Jeff Weinstein has, one, two,
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three, four, five, six,
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seven, eight, nine, ten,
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eleven, twelve, thirteen.
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One bug hidden in the mass of code
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can stop everyone else's work
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and can threaten the ship date.
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I need someone to page Jeff Weinstein
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and get him to call 2024.
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Even a team of twenty people building a car
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it's easy to step back fourty feet and look and go
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"Hold it, that guy has not putting on the wheel"
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You have fourty programmers working
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they all come to you with code, a gigantic morass
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of little details piled up on a disc
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usually can even see the pieces whether they're doing it correctly
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You have to assemble it into a whole
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and then see if the whole works
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and then you're not even sure of who gave you the bad bits.
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That would be bad. Let's go downstairs, come on!
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You're talking about a recipe.
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Who gave you the bad flour.
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Someone went out to grind flour,
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and they had to all be exactly
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the right size chunks of flour.
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Someone else made chocolate chips,
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they all had to be exactly the right size chunks.
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You can't figure it out until you put it all together
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you hand it out, and people go.
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"I don't like the way this tastes"
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And now you have to wonder,
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with all these details coming together
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which was the problem
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who's causing the problem, how can you fix it?
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You've got to ship on a certain time.
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And now you have all this people,
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you have the clock ticking and it gets pretty intense.
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Since Nescape began
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the amount of code making up Mozilla
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has increased by a factor of 30.
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The job of programming and debugging it
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rests upon a precarious balance of science and art.
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They talk about what they do as if
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it was a kind of alchemy, a kind of wizardry.
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It does remind me of athletics in that way.
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You know why is someone a good baseball hitter?
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Often the hitters themselves can't really explain it.
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And often the best software people
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cannot themselves understand why they're so good at it.
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But I think make a great programmer is being raised techie.
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My particular team at Netscape, I think we all grew up techie
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We all grew up with computers around us somewhere,
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so that we were exposed to them before we became
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adults, if any of us are really adults
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Jim is the most grownup of us.
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A lot of my childhood from roughly age 6 to age 17
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was around here.
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Life was just a nightmare, this is a very, very scary place
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the two school wasn't too bad.
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Ah, but it meant it
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you'd get to work on puzzles and problems.
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All of the puzzling is math,
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and that puzzling is the exact same feeling
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the exact same problem that you go through
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when you're programming.
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When I was young it'd be building with erector sets and Lego
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now the structures that you build are in software.
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My mom is a first class geek too.
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And so I have a unique experience of being able to talk
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shop with my mom, cuz' she's a director of
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really important stuff at Sun.
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At Netscape one of the code words for is the average person
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who is going to be able to use this software is,
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"Well can my mom use it?"
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Yeah, my mom can use it.
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My mom can write optimizing compilers.
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By the time I was 12 years old I was making 50 bucks an hour
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programming computers.
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People say what should I be should I grow up to be a...
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I say computer programmer.
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The thing about that makes it a youth culture
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is one's capacity to throw one's entire life on the line
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with these firms
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Entire life commitment meaning
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24-7-365 work commitment.
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It's throwing yourself into a thing
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where you don't know if that job
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is going to be around soon.
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There's no stability in here.
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So the very kind of weird irony
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is that very people who are inventing the future
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can't see their own future.
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This is a monk-life existence
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there are very few women in these societies.
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These are male societies,
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they are secret societies,
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they function very much like the Masons
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or some street gang.
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Evil!
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Evil ! Evil !
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Evil man !
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Why am I an evil man ?
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Did you or did you not hear a man saying
Why am I an evil man ?
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Did you or did you not hear a man saying
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if you have a source leaving one bug, you will be
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in here at 1:30.
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I thought it was 2:30
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Now you're evil and stupid.
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(laughs)
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You now that, I'm actually just in a different time zone.
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I thought stupidity was an excuse though.
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A lot of people at Netscape don't get out much
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because they're at work all the time but
267
00:12:25,120 --> 00:12:27,450
most of people's social interaction I would expect is
268
00:12:27,450 --> 00:12:29,450
revolves around work just because
269
00:12:29,450 --> 00:12:31,920
so many people spend so much of their time at work.
270
00:12:31,920 --> 00:12:33,400
Hi Chris, it's Tara
271
00:12:33,840 --> 00:12:35,080
um, how much do you love me?
272
00:12:36,320 --> 00:12:37,040
Good.
273
00:12:37,040 --> 00:12:38,680
What do you know about way the threading stuff
274
00:12:38,680 --> 00:12:41,040
that falls into Javascript stuff and Java makes it feed?
275
00:12:42,010 --> 00:12:43,920
All we have left to hold on to, really
276
00:12:43,920 --> 00:12:46,080
is the work place, I mean it is the modern village.
277
00:12:47,310 --> 00:12:49,310
People get to know your history
278
00:12:49,310 --> 00:12:52,350
they shrug at your bad jokes.
279
00:12:53,690 --> 00:12:55,710
There's a kind of familiarity that
280
00:12:55,710 --> 00:12:58,380
and continuity that we don't have elsewhere.
281
00:12:58,380 --> 00:12:59,480
Paul
282
00:12:59,480 --> 00:13:02,010
we're going go out in a while and get something to eat
283
00:13:02,010 --> 00:13:04,410
and do stupid things. You're interested?
284
00:13:04,410 --> 00:13:05,850
Sure. Sure. Right.
285
00:13:06,490 --> 00:13:09,080
Ok, the purpose of this meeting is not to beat up people
286
00:13:09,080 --> 00:13:11,230
the purpose of this meeting is to make sure that
287
00:13:11,230 --> 00:13:13,660
as a company we are incredibly focused on
288
00:13:13,660 --> 00:13:15,400
getting the bug count to 0
289
00:13:15,720 --> 00:13:18,760
we've been moderately focused up until now
290
00:13:18,760 --> 00:13:20,920
we need to be deadly focused
291
00:13:20,920 --> 00:13:21,640
from here on in.
292
00:13:21,640 --> 00:13:24,540
Ok Jeff Weinstein
293
00:13:24,540 --> 00:13:26,540
is he in this room?
294
00:13:27,720 --> 00:13:28,830
He's not in this room.
295
00:13:28,830 --> 00:13:31,230
Did not check-in this weekend, true or false?
296
00:13:31,230 --> 00:13:32,800
He did not check-in this weekend
297
00:13:32,800 --> 00:13:33,920
He did not answer his mail
298
00:13:33,920 --> 00:13:35,480
and he hasn't answered his phone yet either.
299
00:13:35,480 --> 00:13:37,840
His locator shows he's with the rest of the colonists
300
00:13:37,840 --> 00:13:39,840
(laughs)
301
00:13:39,960 --> 00:13:42,520
The old saying is that trying to manage programmers
302
00:13:42,520 --> 00:13:44,520
is like trying to herd cats.
303
00:13:44,520 --> 00:13:46,520
You know you want them to be cats
304
00:13:46,520 --> 00:13:49,290
if you like cats, I mean 'cause you want what's unique about
305
00:13:49,290 --> 00:13:50,680
that creature
306
00:13:50,680 --> 00:13:54,220
But they really don't all like to go in the same direction.
307
00:13:55,240 --> 00:13:56,920
In less than four years
308
00:13:56,920 --> 00:13:59,420
Netscape has grown from a handful of people
309
00:13:59,420 --> 00:14:00,720
to over 200
310
00:14:00,720 --> 00:14:02,880
and sometimes, locating a programmer
311
00:14:02,880 --> 00:14:04,360
become yet another obstacle
312
00:14:04,360 --> 00:14:06,220
for the browser team to overcome.
313
00:14:06,220 --> 00:14:07,360
I'd say he's not in there.
314
00:14:07,360 --> 00:14:09,710
That would be my guess, straight out.
315
00:14:09,710 --> 00:14:11,210
He's not there.
316
00:14:11,930 --> 00:14:14,040
When's the last time he was in here?
317
00:14:14,040 --> 00:14:15,160
This afternoon.
318
00:14:15,160 --> 00:14:16,760
Ok
319
00:14:16,760 --> 00:14:19,900
Tara and I are ready to take a hit out on him.
320
00:14:19,900 --> 00:14:22,700
and well if ya see him when he comes back tell him to
321
00:14:22,700 --> 00:14:25,720
panic and run around and we're like
322
00:14:25,720 --> 00:14:26,670
doomed on Mac right now with this thing.
323
00:14:26,670 --> 00:14:27,760
Doomed !
doomed on Mac right now with this thing.
324
00:14:27,760 --> 00:14:27,770
Doomed !
325
00:14:27,800 --> 00:14:31,320
The person working on Mac is like waiting for data right ?
326
00:14:31,320 --> 00:14:34,490
You should go around to every person in the company saying, "Doomed!"
327
00:14:36,670 --> 00:14:39,470
Netscape predicament has much to do with this man
328
00:14:39,470 --> 00:14:42,160
Bill Gates, whose company, Microsoft
329
00:14:42,160 --> 00:14:44,160
has made him the richest, and arguably
330
00:14:44,160 --> 00:14:46,160
the most powerful man in the world.
331
00:14:47,420 --> 00:14:49,710
Allright if we can have order we'd like to begin.
332
00:14:49,920 --> 00:14:51,420
Viewing Netscape's browser
333
00:14:51,420 --> 00:14:53,790
as a potential threat to his computing empire
334
00:14:53,790 --> 00:14:55,450
Gates has moved swiftly,
335
00:14:55,450 --> 00:14:57,180
making his own browser free
336
00:14:57,660 --> 00:14:58,960
and Netscape claims,
337
00:14:58,960 --> 00:15:01,680
also engaging an unfair business practices
338
00:15:01,680 --> 00:15:03,680
to take away its customers.
339
00:15:03,680 --> 00:15:05,180
But we need to explore today
340
00:15:05,180 --> 00:15:06,680
whether you and your company
341
00:15:06,680 --> 00:15:08,200
have crossed the line
342
00:15:08,200 --> 00:15:09,870
or on the other hand
343
00:15:09,870 --> 00:15:12,480
whether this is just the carping of disgruntled rivals.
344
00:15:12,670 --> 00:15:15,050
Netscape CEO Jim Barksdale
345
00:15:15,050 --> 00:15:17,420
argues his company's case before the Senate.
346
00:15:17,420 --> 00:15:19,520
And certainly nobody here on this panel is
347
00:15:19,520 --> 00:15:20,890
a greater admirer of Mr. Gates
348
00:15:20,890 --> 00:15:22,300
or his company than I am.
349
00:15:22,300 --> 00:15:24,120
But we do ask that Microsoft
350
00:15:24,120 --> 00:15:25,080
be held accountable
351
00:15:25,080 --> 00:15:26,010
for some of their actions.
352
00:15:26,060 --> 00:15:29,370
Actions that intimidate PC OEM manufacturers
353
00:15:29,370 --> 00:15:32,400
to use their products and exclusionary practises
354
00:15:32,400 --> 00:15:34,330
that prevent them from using my products.
355
00:15:34,330 --> 00:15:36,330
Not all companies succeed.
356
00:15:36,330 --> 00:15:38,540
Some fail to embrace change.
357
00:15:39,130 --> 00:15:42,760
This is the way technology in the free market works.
358
00:15:43,150 --> 00:15:45,520
The software industry's success
359
00:15:45,520 --> 00:15:48,400
has not been driven by government regulation
360
00:15:48,670 --> 00:15:51,680
but by freedom and the basic human desire
361
00:15:51,680 --> 00:15:54,360
to learn, to innovate and to excel.
362
00:15:54,360 --> 00:15:56,510
Meanwhile thousand of miles away
363
00:15:56,510 --> 00:15:59,500
Netscape programmers continue working around the clock
364
00:15:59,500 --> 00:16:01,640
in a race to meet Mozilla's release date.
365
00:16:02,160 --> 00:16:04,600
These guys they tend to work very consistently,
366
00:16:04,600 --> 00:16:06,860
so they'll just keep working until it's done and they won't stop.
367
00:16:07,210 --> 00:16:09,050
They don't need food, they don't need sleep,
368
00:16:09,050 --> 00:16:10,010
they don't need anything
369
00:16:10,010 --> 00:16:13,130
OK, so they take pay, but...
370
00:16:14,700 --> 00:16:17,050
A while ago some people from Harvard came and said
371
00:16:17,050 --> 00:16:19,050
"Well how do you develop software, we're writing a book" and I
372
00:16:19,260 --> 00:16:20,650
and I talked about all the things I thought
373
00:16:20,650 --> 00:16:22,000
were really important and they were just
374
00:16:22,000 --> 00:16:24,200
it felt to me like they were shaking their heads going,
375
00:16:24,200 --> 00:16:26,240
Oh, gee, he doesn't know about Principle 7
376
00:16:26,240 --> 00:16:28,040
and oh, he doesn't know about Principle 22
377
00:16:28,040 --> 00:16:30,570
and in some ways they're right... I really haven't got a clue.
378
00:16:30,570 --> 00:16:33,370
Right I really like to err on the side of
379
00:16:33,370 --> 00:16:35,610
every day we wake up in the morning and say
380
00:16:35,610 --> 00:16:37,720
based on what I know today
381
00:16:37,720 --> 00:16:40,760
what's the best way to get to where we all want to go?
382
00:16:41,680 --> 00:16:44,060
I personally or me and you three of us
383
00:16:44,330 --> 00:16:46,830
do no have time to read all two millions of source code
384
00:16:46,830 --> 00:16:49,240
to see that, there are no remaining problems.
385
00:16:52,200 --> 00:16:53,560
We're going over here
386
00:16:53,560 --> 00:16:55,880
zeroing in on Jeff Weinstein.
387
00:16:56,680 --> 00:16:59,020
With March 31st only days away
388
00:16:59,020 --> 00:17:01,790
the team can't proceed until Jeff Weinstein
389
00:17:01,790 --> 00:17:04,890
an expert on some of Netscapes most arcane code
390
00:17:04,890 --> 00:17:07,690
finds time to complete the bug fixes on his list.
391
00:17:07,840 --> 00:17:08,600
How are you doing ?
392
00:17:08,600 --> 00:17:09,370
OK
393
00:17:09,720 --> 00:17:10,600
Alright well
394
00:17:10,600 --> 00:17:12,280
you are officially the most doomed
395
00:17:12,280 --> 00:17:14,280
individual in the company sir
396
00:17:18,430 --> 00:17:21,480
this one I can close, stay with this one
397
00:17:21,480 --> 00:17:23,480
yeah bunch of these
398
00:17:23,480 --> 00:17:26,110
Um hopefully I'll get most of it done tonight
399
00:17:26,110 --> 00:17:28,040
His goal he was just going to stay all night
400
00:17:28,040 --> 00:17:29,440
and he was going to get it all done.
401
00:17:29,440 --> 00:17:31,660
The good news is actually I think by about
402
00:17:31,930 --> 00:17:34,110
I'm not sure if it was 9 or 11 o'clock at night
403
00:17:34,110 --> 00:17:36,110
he actually was completely done.
404
00:17:38,520 --> 00:17:40,200
Yeah !
405
00:17:40,200 --> 00:17:41,680
Reaching a critical milestone
406
00:17:41,680 --> 00:17:43,720
is cause for celebration.
407
00:17:46,990 --> 00:17:49,100
And one bug left
408
00:17:49,100 --> 00:17:51,070
and it's a really really hard one
409
00:17:51,070 --> 00:17:53,280
Don't make me kill you, close 4330.
410
00:17:53,280 --> 00:17:54,920
I will close 4330.
411
00:17:56,240 --> 00:17:57,630
Bug count is small
412
00:17:57,800 --> 00:18:00,000
there are some bugs that are not currently closed
413
00:18:00,000 --> 00:18:02,480
but most of them are like piddly little annoying things that
414
00:18:02,480 --> 00:18:03,580
Some of its stuck !
415
00:18:09,000 --> 00:18:12,760
All praise the uh the mighty ones that created tremendous pile of
416
00:18:12,760 --> 00:18:16,200
people working really hard this week to do the impossible.
417
00:18:18,410 --> 00:18:20,880
There is this magic phrase that Michael Toy invented
418
00:18:20,880 --> 00:18:22,880
which is "Zarro Boogs", hum
419
00:18:22,880 --> 00:18:24,670
which is it's not quite perfect
420
00:18:24,670 --> 00:18:26,000
but it's perfect enough
421
00:18:26,000 --> 00:18:27,550
as zero bugs / "zarro boogs".
422
00:18:27,740 --> 00:18:30,450
Do you have a spare monitor upstairs?
423
00:18:30,500 --> 00:18:32,220
Yes I do have a spare monitor.
424
00:18:32,360 --> 00:18:34,140
This is the first big test
425
00:18:34,280 --> 00:18:37,680
Will an outsider actually be able to make Mozilla work?
426
00:18:37,720 --> 00:18:42,090
If not Netscape stands a good chance of missing its March 31st deadline
427
00:18:42,300 --> 00:18:43,820
I thought it's gonna be huge thing,
428
00:18:43,820 --> 00:18:44,520
I thought it's gonna be like a hundred,
429
00:18:44,520 --> 00:18:46,740
two hundred people here like all and rows
430
00:18:46,740 --> 00:18:49,530
like with soviet style.
431
00:18:49,530 --> 00:18:51,530
We are near that organized
432
00:18:53,020 --> 00:18:55,380
Looks like it's all here, here we go!
433
00:18:56,390 --> 00:19:00,410
Wow! All good, it's pretty simple how stuff is built.
434
00:19:00,410 --> 00:19:03,170
It's just there's set of scripts that are set up
435
00:19:03,170 --> 00:19:05,240
to say exactly what to compile and then
436
00:19:05,300 --> 00:19:08,250
they all get globbed together into Mozilla hopefully.
437
00:19:10,150 --> 00:19:11,710
- Here it is
- Yeah
438
00:19:11,710 --> 00:19:14,720
If you get it to work, then it means anybody can get it to work.
439
00:19:14,720 --> 00:19:15,510
That's true.
440
00:19:22,890 --> 00:19:28,390
(WILD CHEERING clapping laughter)
441
00:19:31,060 --> 00:19:34,350
- And look It has an about face!
- ...Look it's so cute...
442
00:19:35,680 --> 00:19:39,120
- Oh, that was pretty
443
00:19:39,120 --> 00:19:41,590
- Yeah it's...
- No, I don't think it's working.
444
00:19:41,620 --> 00:19:44,480
- Well go to the..
- Well
- Oh...
- Big crash...
445
00:19:44,480 --> 00:19:46,480
- Hell shot the foot...
446
00:19:49,990 --> 00:19:51,090
It's actually going really well.
447
00:19:51,090 --> 00:19:52,510
I didn't think we'd actually get somebody
448
00:19:52,510 --> 00:19:53,620
to build this quickly.
449
00:19:53,620 --> 00:19:56,600
We had to do one small adjustment and it worked!
450
00:19:57,700 --> 00:19:59,720
With the source almost ready to ship,
451
00:19:59,720 --> 00:20:01,760
Netscape must explain the significance
452
00:20:01,760 --> 00:20:03,350
of Mozilla to the press.
453
00:20:03,350 --> 00:20:06,470
Basically what we wanna do is we wanna give them a little bit of the history
454
00:20:07,320 --> 00:20:11,860
and then we wanna go into the what's actually going to happen tomorrow.
455
00:20:11,980 --> 00:20:14,360
The other important take away then too from this
456
00:20:14,360 --> 00:20:20,090
is that this is a really exciting cool thing.
457
00:20:20,090 --> 00:20:24,800
- Good afternoon, Forrester
- Hi Stan Dolberg and uh Eric Brown please.
458
00:20:24,800 --> 00:20:26,050
- One second.
459
00:20:27,840 --> 00:20:31,750
- You've reached voicemail for Stan Dolberg -- I'll transfer you now
460
00:20:32,210 --> 00:20:33,910
- Good afternoon, Forrester.
461
00:20:33,910 --> 00:20:35,240
- Hi this is Maggie Young.
462
00:20:35,240 --> 00:20:37,060
I'm calling from Netscape and I have scheduled
463
00:20:37,060 --> 00:20:39,670
conference call with Stan Dolberg and Eric Brown
464
00:20:39,670 --> 00:20:41,710
and I just got Stan's voicemail.
465
00:20:41,710 --> 00:20:44,950
Netscape hopes the press will greet Mozilla with the same enthusiasm
466
00:20:44,950 --> 00:20:48,350
it had for the company in its early days.
467
00:20:48,350 --> 00:20:53,380
At eleven AM this morning, Netscape's stock went public and Wall Street went bonkers.
468
00:20:53,430 --> 00:20:56,130
Initially offer had a price of 38 $ a share,
469
00:20:56,130 --> 00:20:58,400
Netscape shut up to 72 within minutes...
470
00:20:58,400 --> 00:21:01,860
The stock is bid up at extraordinary levels
471
00:21:01,860 --> 00:21:05,040
in the first couple of really days and weeks
472
00:21:05,040 --> 00:21:06,520
of its introduction.
473
00:21:06,520 --> 00:21:09,290
It is the biggest initial public offering
474
00:21:09,290 --> 00:21:11,900
in basically the Wall Street history.
475
00:21:16,150 --> 00:21:17,720
- Good afternoon, Forrester
476
00:21:19,000 --> 00:21:20,320
- Hi this is Josh Walker.
477
00:21:20,320 --> 00:21:24,080
Today less than three years after its record breaking IPO however,
478
00:21:24,080 --> 00:21:27,030
Netscape's story generates a different response.
479
00:21:27,030 --> 00:21:28,130
- Hi there
- Yup
480
00:21:28,130 --> 00:21:30,770
- As you now tomorrow is March 31st
481
00:21:30,770 --> 00:21:33,810
- So that means hum, source code will be made
482
00:21:33,810 --> 00:21:35,810
available to the developer community.
483
00:21:35,810 --> 00:21:36,820
And we thought we would just
484
00:21:36,820 --> 00:21:38,750
catch you up to speed and walk you through
485
00:21:38,750 --> 00:21:41,060
that and see if you had some questions.
486
00:21:41,060 --> 00:21:45,590
- Either I'm braindead or it takes lot of effort to communicate
487
00:21:45,840 --> 00:21:49,500
and so I'm concerned that while you all know
488
00:21:49,500 --> 00:21:53,390
what it means, I'm not confident
489
00:21:53,390 --> 00:21:56,840
that it's coming across to the press.
490
00:21:56,840 --> 00:21:58,640
- Right, I think those are good points.
491
00:21:58,640 --> 00:22:02,340
By opening up the source code, we basically extend our developer community
492
00:22:02,340 --> 00:22:04,280
from those folks that are inside of Netscape
493
00:22:04,280 --> 00:22:05,820
to hundreds and thousands of developers
494
00:22:05,820 --> 00:22:06,870
outside of Netscape
495
00:22:06,870 --> 00:22:09,730
so it's no longer Netscape versus Microsoft.
496
00:22:09,730 --> 00:22:12,120
It's Netscape and all of the Netscape,
497
00:22:12,120 --> 00:22:13,880
you know, virtual community.
498
00:22:13,880 --> 00:22:17,310
- I think there is a belief that Netscape
499
00:22:17,310 --> 00:22:20,030
doesn't have a position to continue
500
00:22:20,030 --> 00:22:21,860
to compete with Microsoft
501
00:22:21,860 --> 00:22:24,520
in the browser front and that
502
00:22:24,520 --> 00:22:27,840
in essence you've given up on the browser position.
503
00:22:32,060 --> 00:22:35,500
This was a lot more smooth than I had originally anticipated.
504
00:22:35,500 --> 00:22:36,230
Really.
505
00:22:38,270 --> 00:22:40,720
I'm still waiting for the major bump in the road
506
00:22:40,720 --> 00:22:42,340
that's gonna happen some time between now
507
00:22:42,340 --> 00:22:43,560
and tomorrow afternoon.
508
00:22:43,560 --> 00:22:45,140
In software development there is
509
00:22:45,140 --> 00:22:46,580
always a bump in the road.
510
00:22:46,580 --> 00:22:48,580
We just want to hear the Apple story
511
00:22:48,580 --> 00:22:53,940
They just can't quite get themselves comfortable
512
00:22:53,940 --> 00:22:55,980
with the patent grant or with
513
00:22:55,980 --> 00:22:58,340
whatever we tried to do to fix it for them.
514
00:22:58,340 --> 00:23:01,430
So the last thing back out of their lawyer was
515
00:23:01,430 --> 00:23:04,260
"gee, oh I don't know that we get enough protection."
516
00:23:04,260 --> 00:23:09,090
Mozilla has a small piece of code from Apple that has not been cleared for public license.
517
00:23:09,170 --> 00:23:11,020
- Ok.
- We have to escalate.
518
00:23:11,770 --> 00:23:13,460
- Hi this is Mark Andreeson,
519
00:23:13,460 --> 00:23:16,440
I called a few minutes ago, and left message
520
00:23:16,440 --> 00:23:18,660
we're trying to get - the problem is I can't get phone
521
00:23:18,660 --> 00:23:19,920
there's no one at the Apple switchboard
522
00:23:19,920 --> 00:23:21,920
so I'm having a hard time getting phone numbers for people.
523
00:23:21,920 --> 00:23:22,860
Awesome.
524
00:23:24,740 --> 00:23:26,260
Hold on, 6 2 0.
525
00:23:35,030 --> 00:23:37,300
In order to ship Mozilla the next morning,
526
00:23:37,300 --> 00:23:39,110
Scott Collins is called in
527
00:23:39,110 --> 00:23:41,370
to replace Apple's code with his own invention.
528
00:23:41,370 --> 00:23:43,880
And theoretically we believe this is possible.
529
00:23:43,880 --> 00:23:47,340
It's my last bug. When I complete this bug,
530
00:23:47,340 --> 00:23:50,900
I will be allowed to rest.
531
00:23:50,900 --> 00:23:53,760
So I stayed up until about 5:40,
532
00:23:53,760 --> 00:23:56,730
this morning writing this replacement class.
533
00:23:56,730 --> 00:23:59,370
It made my life a living hell.
534
00:23:59,370 --> 00:24:01,390
I got it basically running, it's all running,
535
00:24:01,390 --> 00:24:03,290
it's all really good, and thank heavens
536
00:24:03,290 --> 00:24:04,940
we got permission from Apple
537
00:24:04,940 --> 00:24:06,300
to ship the regular source.
538
00:24:06,300 --> 00:24:08,230
It's my understanding that Jamie
539
00:24:08,230 --> 00:24:10,720
is gonna be the person that's gonna be pushing
540
00:24:10,720 --> 00:24:13,390
the bits up to the website at around 10:00,
541
00:24:13,390 --> 00:24:14,660
is that correct?
542
00:24:14,660 --> 00:24:15,750
OK.
543
00:24:15,750 --> 00:24:18,130
And we're gonna be staging some different
544
00:24:18,130 --> 00:24:20,580
photo opportunities for the press at that time,
545
00:24:20,580 --> 00:24:23,150
there will be television cameras you know news crews
546
00:24:23,150 --> 00:24:25,870
- Couldn't we just like hire actors to do this for us?
547
00:24:25,870 --> 00:24:30,990
- ...just tell them they get to be on TV come on..
- We're not gonna mandate it..
548
00:24:30,990 --> 00:24:33,760
- You're on TV right now.
- We've been on TV for two months.
549
00:24:33,760 --> 00:24:37,240
- I don't think anyone is gonna come.
550
00:24:42,360 --> 00:24:44,320
One way to learn to run a marathon
551
00:24:44,320 --> 00:24:47,610
is put a person out 26 miles into the desert,
552
00:24:47,610 --> 00:24:49,970
and say, you know, there's this bomb on your back
553
00:24:49,970 --> 00:24:51,750
that's gonna go off in a certain length of time
554
00:24:51,750 --> 00:24:53,190
if you don't get into the town.
555
00:24:53,190 --> 00:24:55,220
Well, that'll motivate you to get in
556
00:24:55,220 --> 00:24:57,310
but there is a certain chance that you'll be blown up.
557
00:24:57,310 --> 00:25:00,830
- You know what time it is?
- Yeah it's five to ten.
558
00:25:00,830 --> 00:25:04,110
- Aah! Going to be late. Hurry up!
559
00:25:04,110 --> 00:25:05,940
Welcome everybody to the conference call.
560
00:25:05,940 --> 00:25:07,630
Thanks for joining us this morning.
561
00:25:07,630 --> 00:25:09,630
Today Netscape announced that
562
00:25:09,630 --> 00:25:12,470
the first developer release of its Communicator 5.0
563
00:25:12,470 --> 00:25:14,910
source code is available for download
564
00:25:14,910 --> 00:25:17,120
from the Mozilla dot org website.
565
00:25:19,220 --> 00:25:21,090
- You know where Tara is?
566
00:25:21,090 --> 00:25:22,850
- Second floor?
567
00:25:22,850 --> 00:25:25,480
- It's first floor, way on the other side.
568
00:25:25,480 --> 00:25:27,170
And then today on the end of March,
569
00:25:27,170 --> 00:25:29,440
as we announced, we are pushing the code
570
00:25:29,440 --> 00:25:30,600
out to the Web as they say,
571
00:25:30,600 --> 00:25:32,050
and we are delighted to be part of it
572
00:25:32,050 --> 00:25:33,790
and we're very excited to see what happens.
573
00:25:33,790 --> 00:25:36,250
The good news is the marathoner is now
574
00:25:36,250 --> 00:25:38,120
coming into town with that bomb on his back
575
00:25:38,120 --> 00:25:39,370
and it looks like he's gonna make it.
576
00:25:43,950 --> 00:25:45,670
- This is the moment of truth!
577
00:25:46,400 --> 00:25:48,560
They don't have theoretical framework
578
00:25:48,560 --> 00:25:50,630
to write software, they're just writing it.
579
00:25:55,320 --> 00:25:56,960
It's just like hitting the baseball.
580
00:25:56,960 --> 00:25:59,910
If their code gets a home run,
581
00:25:59,910 --> 00:26:01,490
nobody's asking questions.
582
00:26:01,490 --> 00:26:02,920
Well, this doesn't make sense,
583
00:26:02,920 --> 00:26:04,450
or why do you that, why does it work.
584
00:26:04,450 --> 00:26:05,810
Nobody cares why it works.
585
00:26:17,490 --> 00:26:20,850
- Wait this is bad.
- What's that?
586
00:26:21,010 --> 00:26:25,730
- Well it's not connecting to...
- The machine that controls
587
00:26:25,730 --> 00:26:28,280
the FTP push is, like, not answering.
588
00:26:28,280 --> 00:26:30,540
- Is it loaded?
- It's "blast" not "blash".
589
00:26:30,710 --> 00:26:33,480
- Oh
- Yeah maybe they're...
590
00:26:37,720 --> 00:26:40,620
- Mac's there. UNIX is there. Windows is there.
- We're done!
591
00:26:40,660 --> 00:26:44,520
- It's on!
- Yeah!
592
00:26:54,510 --> 00:26:58,250
- Since Jamie is here, I am told that means
593
00:26:58,250 --> 00:27:00,580
that we have now pushed the source out on the Net.
594
00:27:00,580 --> 00:27:01,400
Is that correct ?
595
00:27:01,400 --> 00:27:03,020
- Actually, we decided not to.
596
00:27:05,680 --> 00:27:07,900
We thought it was a stupid idea.
597
00:27:11,020 --> 00:27:12,950
- That's our story and were sticking to it.
598
00:27:25,160 --> 00:27:27,530
For a moment, everyone at Netscape
599
00:27:27,530 --> 00:27:28,810
takes a breather.
600
00:27:28,810 --> 00:27:30,830
- I think it's gonna work out.
601
00:27:31,540 --> 00:27:33,660
In the first hour of its release,
602
00:27:33,660 --> 00:27:36,530
the source code is downloaded thousands of times
603
00:27:36,530 --> 00:27:38,710
but the number of downloads is no guarantee
604
00:27:38,710 --> 00:27:41,660
that Netscape will receive enough valuable contributions
605
00:27:41,660 --> 00:27:44,130
to help the company to reverse its slide.
606
00:27:48,040 --> 00:27:50,400
He's known as Pavlov to me. He's Pavlov at
607
00:27:50,400 --> 00:27:53,490
Pavlov.net, on IRC he's Pavlov or Pav or
608
00:27:53,490 --> 00:27:57,380
um, Pav Sleeping, or Pav Tired Up Too Late.
609
00:27:57,380 --> 00:28:00,550
And um without him I think we'd be months behind.
610
00:28:00,550 --> 00:28:03,430
Netscape's notoriety draws code writers
611
00:28:03,430 --> 00:28:06,800
from around the world willing to work on Mozilla without pay.
612
00:28:06,800 --> 00:28:10,500
One such contributor comes from rural Georgia.
613
00:28:12,720 --> 00:28:15,200
I've been amazed over the last two or three years,
614
00:28:15,200 --> 00:28:17,420
when especially his mother would come tell me
615
00:28:17,420 --> 00:28:19,680
"Well, so and so called" from maybe New York
616
00:28:19,680 --> 00:28:21,100
and they were coming to Atlanta
617
00:28:21,100 --> 00:28:22,990
and they wanted to talk to Stuart or see him,
618
00:28:22,990 --> 00:28:24,740
and they were gonna go down and have lunch.
619
00:28:24,740 --> 00:28:26,920
"Well", I'd say "Who is this person from New York?"
620
00:28:26,920 --> 00:28:29,670
And the all of a sudden "Well, he's been working
621
00:28:29,670 --> 00:28:32,050
with Stuart on some programming issues
622
00:28:32,050 --> 00:28:34,270
for a year or so and he wanted to come down
623
00:28:34,270 --> 00:28:37,740
and meet. "Well, did you tell him you're only sixteen?"
624
00:28:37,740 --> 00:28:41,080
I had no idea. Um, and that's great,
625
00:28:41,080 --> 00:28:43,040
that's a wonderful thing because
626
00:28:43,040 --> 00:28:47,610
he's contributing. It doesn't matter that he's young.
627
00:28:47,610 --> 00:28:51,010
The place we call the cave. We just shut the door
628
00:28:51,010 --> 00:28:55,150
and this is where he does whatever he does.
629
00:28:55,150 --> 00:28:58,820
It is flabbergasting to think that your child
630
00:28:58,820 --> 00:29:03,780
has done something for this worldwide company
631
00:29:03,780 --> 00:29:05,110
instead of his homework.
632
00:29:05,110 --> 00:29:08,320
I went and looked back at the older code
633
00:29:08,320 --> 00:29:11,210
and I was really frightened by how
634
00:29:11,210 --> 00:29:14,100
incredibly messy and just awful the code looked.
635
00:29:14,100 --> 00:29:15,980
It would have taken you know
636
00:29:15,980 --> 00:29:18,270
years to try and figure out what it was doing.
637
00:29:18,270 --> 00:29:21,260
So we basically did it from scratch.
638
00:29:21,980 --> 00:29:24,380
Pretty much I'm providing the code that makes
639
00:29:24,380 --> 00:29:26,590
the browser show everything faster
640
00:29:26,590 --> 00:29:29,200
and more efficiently than it used to.
641
00:29:29,200 --> 00:29:33,010
His keyboarding is almost just like talking.
642
00:29:33,010 --> 00:29:36,120
It's just um, an expression.
643
00:29:36,120 --> 00:29:38,630
He can express himself that way
644
00:29:38,630 --> 00:29:42,830
and it's just totally unconscious, almost.
645
00:29:42,830 --> 00:29:45,880
Just a part of how he communicates.
646
00:29:46,680 --> 00:29:49,630
In the past, free code contributions
647
00:29:49,630 --> 00:29:51,220
helped build the Internet.
648
00:29:51,220 --> 00:29:53,150
How commercial enterprise would benefit
649
00:29:53,150 --> 00:29:55,740
from free code remains a big question.
650
00:29:55,740 --> 00:29:57,660
Well, it's certainly my hope that
651
00:29:57,660 --> 00:30:00,760
the enormous amount of new people
652
00:30:00,760 --> 00:30:02,120
that no one company could afford
653
00:30:02,120 --> 00:30:03,940
to have working on any product,
654
00:30:03,940 --> 00:30:06,660
now contributing to the Netscape Navigator
655
00:30:06,660 --> 00:30:09,570
Communicator will make a significant difference
656
00:30:09,570 --> 00:30:11,280
in the improvement of the product.
657
00:30:11,280 --> 00:30:14,720
How that works against any competitor,
658
00:30:14,720 --> 00:30:16,250
remains to be seen.
659
00:30:25,980 --> 00:30:27,770
-Good morning
-Good morning, Thank you.
660
00:30:27,770 --> 00:30:31,060
David Readerman an analyst for San Francisco Investment Bank,
661
00:30:31,060 --> 00:30:33,560
closely monitors Netscape's radical plan
662
00:30:33,560 --> 00:30:35,320
for investors eager to participate
663
00:30:35,320 --> 00:30:37,050
in the Internet stock boom.
664
00:30:38,130 --> 00:30:40,430
The market is really kind of a voting machine,
665
00:30:40,430 --> 00:30:43,210
it's voting yes I believe that vision statement.
666
00:30:43,210 --> 00:30:46,500
Yes I believe that's gonna result in products sales.
667
00:30:46,500 --> 00:30:48,710
Yes that's going to drive earnings up, and
668
00:30:48,710 --> 00:30:50,710
you know stocks should traded accordingly.
669
00:30:51,150 --> 00:30:53,250
The financial benefits to Netscape of
670
00:30:53,250 --> 00:30:55,950
giving away its source code are hard to measure.
671
00:30:55,950 --> 00:30:58,390
I understand why Netscape's trying to do it.
672
00:30:58,390 --> 00:31:02,270
They still have to show me that
673
00:31:02,270 --> 00:31:04,690
behind the vision and the slideware,
674
00:31:04,690 --> 00:31:08,460
there's a real sustainable business model
675
00:31:08,460 --> 00:31:11,130
that can deliver earnings hum,
676
00:31:11,130 --> 00:31:14,560
and so I'm in show-me mode for Netscape.
677
00:31:20,580 --> 00:31:22,930
Now, my job will be three times
678
00:31:22,930 --> 00:31:25,880
as hard as it was yesterday and it was already ten times harder than it needed to be.
679
00:31:25,880 --> 00:31:29,060
Right? Did I just work really hard to ship
680
00:31:29,060 --> 00:31:31,130
the company jewels out of the building and
681
00:31:31,130 --> 00:31:33,200
it's just gonna end in us dying
682
00:31:33,200 --> 00:31:35,530
and rolling in poison and misery.
683
00:31:35,530 --> 00:31:37,460
The day after this stuff goes out,
684
00:31:37,460 --> 00:31:38,590
you really don't get to let up.
685
00:31:38,590 --> 00:31:41,150
There is then the sort of day in day out,
686
00:31:41,150 --> 00:31:45,090
go to work turn on the computer, code, code code.
687
00:31:45,090 --> 00:31:46,940
- Thanks Tara.
688
00:31:49,460 --> 00:31:50,540
- Tara?
689
00:31:50,680 --> 00:31:52,950
- Yeah what's your doctor say Tara?
690
00:31:52,950 --> 00:31:55,820
- Uh, my doctor says interestingly enough
691
00:31:55,820 --> 00:31:59,820
that I work too much
692
00:31:59,820 --> 00:32:02,260
and uh, that if I went to work today after
693
00:32:02,260 --> 00:32:04,470
my appointment he would personally kill me.
694
00:32:04,470 --> 00:32:07,760
I have an agreement with myself
695
00:32:07,760 --> 00:32:10,030
that by the time I'm 35, I'm either going
696
00:32:10,030 --> 00:32:11,850
to be high school teacher or bartender,
697
00:32:11,850 --> 00:32:13,950
but something, anything other than a
698
00:32:13,950 --> 00:32:16,080
in a position in the hightech industry,
699
00:32:16,080 --> 00:32:18,120
otherwise I'll probably die by the time I'm 40.
700
00:32:25,730 --> 00:32:27,460
Uh, now that I'm an old guy
701
00:32:27,460 --> 00:32:28,590
I've kind of been round the block
702
00:32:28,590 --> 00:32:32,850
couple times and you can go from realizing,
703
00:32:32,850 --> 00:32:34,490
"This just never stops, does it?"
704
00:32:34,490 --> 00:32:37,220
And that being really depressing
705
00:32:37,220 --> 00:32:38,920
because you feel like it "I'm on, I'm on".
706
00:32:38,920 --> 00:32:40,680
I said I was never going to be on the treadmill
707
00:32:40,680 --> 00:32:42,610
and here I am. I'm on the treadmill.
708
00:32:42,610 --> 00:32:44,850
I'm going to be running like this forever.
709
00:32:44,850 --> 00:32:46,980
Because they're good at software,
710
00:32:46,980 --> 00:32:48,940
they need to keep pace.
711
00:32:48,940 --> 00:32:51,060
And as a result, keeping pace means
712
00:32:51,060 --> 00:32:53,900
to shut a lot of other things out.
713
00:32:53,900 --> 00:32:55,600
They just don't have time to read,
714
00:32:55,600 --> 00:32:57,140
time to hear about the world.
715
00:32:57,140 --> 00:32:59,090
They don't have much time for their families.
716
00:32:59,090 --> 00:33:00,830
Um, but when you're in situation where
717
00:33:00,830 --> 00:33:02,810
you really have a lot of work to do
718
00:33:02,810 --> 00:33:04,090
and no time to do it,
719
00:33:05,020 --> 00:33:07,040
you know, you pick what you want.
720
00:33:07,040 --> 00:33:08,770
Some people pick wanting to have a family.
721
00:33:08,770 --> 00:33:10,020
Some people pick wanting to
722
00:33:10,020 --> 00:33:11,120
get some software done.
723
00:33:12,400 --> 00:33:16,800
Christopher was born right after I started at Netscape,
724
00:33:16,800 --> 00:33:19,350
and I basically missed the first
725
00:33:19,350 --> 00:33:21,710
two years of his life because of the intensity.
726
00:33:21,710 --> 00:33:23,530
I'd work 'til about 7 or 8 o'clock,
727
00:33:23,530 --> 00:33:25,280
come home, eat dinner,
728
00:33:25,280 --> 00:33:28,520
put the kids to bed, and then go back to work,
729
00:33:28,520 --> 00:33:30,390
or work from home, until 2 or 3
730
00:33:30,390 --> 00:33:32,580
in the morning, and was like the Dad zombie.
731
00:33:32,580 --> 00:33:35,160
He would call and say, I'm on my way home
732
00:33:35,160 --> 00:33:37,030
and then it would be 2 or 3 hours and
733
00:33:37,030 --> 00:33:39,300
you know, the romantic dinner candles
734
00:33:39,300 --> 00:33:40,100
had burned down
735
00:33:40,100 --> 00:33:41,690
and I was thinking he was dead
736
00:33:41,690 --> 00:33:43,020
by the side of the road so,
737
00:33:43,020 --> 00:33:45,150
you know if 24 hours goes by
738
00:33:45,150 --> 00:33:47,110
and I don't hear from him,
739
00:33:47,110 --> 00:33:48,600
that I pretty much know where to find him.
740
00:33:50,450 --> 00:33:53,090
I live in Michigan. And I commute.
741
00:33:53,090 --> 00:33:55,530
So it's quite a long commute,
742
00:33:55,530 --> 00:33:57,230
I don't make it every day.
743
00:33:57,230 --> 00:33:59,500
I only make it about every two weeks or so.
744
00:33:59,500 --> 00:34:03,480
But um, It is quite a time change.
745
00:34:03,480 --> 00:34:06,290
Here it's something like 12:01
746
00:34:06,290 --> 00:34:09,320
in the morning, and there it's 1954.
747
00:34:15,710 --> 00:34:18,430
The motivation from moving back here is
748
00:34:18,430 --> 00:34:21,130
I wanted to get into a community,
749
00:34:21,130 --> 00:34:25,210
put roots down, and you know, feel settled.
750
00:34:25,210 --> 00:34:28,900
And I...Life is just different out there,
751
00:34:28,900 --> 00:34:31,970
it really is. I mean here people like worked
752
00:34:31,970 --> 00:34:36,000
car factory or whatever... thirty years and out.
753
00:34:38,950 --> 00:34:42,010
We spent, like, 45 minutes talking about all his
754
00:34:42,010 --> 00:34:44,900
like, his whole story, from job, to job, to job, to job.
755
00:34:44,900 --> 00:34:46,210
I thought it was pretty cool.
756
00:34:47,710 --> 00:34:53,330
He had like ten or something, jobs.
757
00:34:53,590 --> 00:34:56,770
He seemed to do it a lot during particularly peak
758
00:34:56,770 --> 00:34:59,490
stressful times, like, you know, baby due
759
00:34:59,490 --> 00:35:01,450
in two months, I'm changing jobs now, dear.
760
00:35:01,450 --> 00:35:03,210
I like when everything is changing.
761
00:35:03,210 --> 00:35:05,960
That makes it's exciting. That's why I do it.
762
00:35:05,960 --> 00:35:08,120
It's something to be in the storm,
763
00:35:08,120 --> 00:35:11,410
right in the middle of it and seeing everything
764
00:35:11,410 --> 00:35:13,390
new happening and putting it all together.
765
00:35:13,390 --> 00:35:14,190
It's really exciting.
766
00:35:14,190 --> 00:35:18,080
It's almost addictive. I wouldn't want to leave it,
767
00:35:18,080 --> 00:35:20,060
that's for sure.
768
00:35:20,060 --> 00:35:22,190
At times, it's a clear sacrifice
769
00:35:22,190 --> 00:35:23,520
of elements of your personal life.
770
00:35:26,110 --> 00:35:28,210
I have to work very hard but I have
771
00:35:28,210 --> 00:35:30,760
the chance of being rewarded for my efforts.
772
00:35:30,760 --> 00:35:33,090
This disadvantage, my life's moving on.
773
00:35:33,090 --> 00:35:34,930
I don't have any children yet,
774
00:35:34,930 --> 00:35:36,380
you realize there's a certain amount of
775
00:35:36,380 --> 00:35:39,160
my life that I'm sacrificing I'm going to look back
776
00:35:39,160 --> 00:35:41,030
and a portion of this life is gone.
777
00:35:43,100 --> 00:35:46,280
In the U.S., we have at least several million people
778
00:35:46,280 --> 00:35:49,060
directly making a living from software.
779
00:35:49,060 --> 00:35:51,020
And it's the fastest growing group of
780
00:35:51,020 --> 00:35:52,440
people in the economy.
781
00:35:52,440 --> 00:35:55,250
And it's certainly in aggregate,
782
00:35:55,250 --> 00:35:57,830
the highest paying field of its size.
783
00:35:57,830 --> 00:35:59,640
I mean yeah, you've got baseball,
784
00:35:59,640 --> 00:36:00,950
you've got Hollywood.
785
00:36:00,950 --> 00:36:02,940
But you know when you really
786
00:36:02,940 --> 00:36:05,150
think of a group that has millions of people in it,
787
00:36:05,150 --> 00:36:06,850
these are the highest wages anybody
788
00:36:06,850 --> 00:36:08,330
has ever seen in the United States.
789
00:36:14,340 --> 00:36:16,730
The opportunity to win big
790
00:36:16,730 --> 00:36:19,790
for code writers is very real.
791
00:36:19,790 --> 00:36:23,650
In fact, that if you will jackpot
792
00:36:23,650 --> 00:36:26,230
opportunity is reflected here on a
793
00:36:26,230 --> 00:36:27,790
Wall Street trading desk.
794
00:36:27,790 --> 00:36:31,080
And I find that a lot of the engineers
795
00:36:31,080 --> 00:36:33,410
and managers from Silicon Valley
796
00:36:33,410 --> 00:36:35,510
are very attuned to what goes on
797
00:36:35,510 --> 00:36:38,460
on these trading floors daily.
798
00:36:38,460 --> 00:36:42,090
By one account, 64 millionaires are created daily
799
00:36:42,090 --> 00:36:44,700
in Sillicon Valley where any technology worker
800
00:36:44,700 --> 00:36:46,860
can striking rich over night.
801
00:36:46,860 --> 00:36:49,020
You join a company and they give you
802
00:36:49,020 --> 00:36:51,320
some stock options which basically says,
803
00:36:51,320 --> 00:36:53,610
rather than just giving you stock,
804
00:36:53,610 --> 00:36:55,260
they give the right to buy the stock
805
00:36:55,260 --> 00:36:57,870
in the future at the current price.
806
00:36:57,870 --> 00:37:03,010
You might get stock in the order of
807
00:37:03,010 --> 00:37:05,360
maybe a year's salary or
808
00:37:05,360 --> 00:37:07,800
two years salary typically, worth of options.
809
00:37:07,800 --> 00:37:10,920
In some of these real booming companies
810
00:37:10,920 --> 00:37:12,970
out there on the Internet, the potential for
811
00:37:12,970 --> 00:37:14,780
becoming a millionaire or doing very well,
812
00:37:14,780 --> 00:37:15,800
is very, very high.
813
00:37:15,800 --> 00:37:17,340
The people who were very,
814
00:37:17,340 --> 00:37:19,660
very early, they call them "Mozillionaires".
815
00:37:19,660 --> 00:37:21,220
Stock options are a con.
816
00:37:21,220 --> 00:37:24,090
Um, it's a carrot and dangle, it's like,
817
00:37:24,090 --> 00:37:25,450
oh well, you know if you'll give up
818
00:37:25,450 --> 00:37:26,500
your one and only youth,
819
00:37:26,500 --> 00:37:29,080
maybe someday you'll make money, right...
820
00:37:29,080 --> 00:37:31,470
it's um, I've known so many people
821
00:37:31,470 --> 00:37:33,740
who have gambled on start-up lottery
822
00:37:33,740 --> 00:37:34,970
and got nothing.
823
00:37:34,970 --> 00:37:37,940
You know it's just like lottery ticket, it's a stupid tax.
824
00:37:37,940 --> 00:37:41,960
Um, I happened to win that particular lottery.
825
00:37:41,960 --> 00:37:43,890
From the day Microsoft announced
826
00:37:43,890 --> 00:37:46,330
its aggressive commitment to the Internet, however,
827
00:37:46,330 --> 00:37:49,030
Netscape stock has been in steady decline,
828
00:37:49,030 --> 00:37:51,610
and throughout most of 1998 Netscape
829
00:37:51,610 --> 00:37:54,360
options are essentially worthless.
830
00:37:54,360 --> 00:37:55,530
A year and a half ago,
831
00:37:55,530 --> 00:37:57,630
half of our revenue came from browser sales.
832
00:37:57,630 --> 00:37:59,160
Today none of it does, so well,
833
00:37:59,160 --> 00:38:01,260
Any business person out there knows
834
00:38:01,260 --> 00:38:02,340
that that's a huge challenge.
835
00:38:02,340 --> 00:38:04,490
I mean let me take your number one selling product
836
00:38:04,490 --> 00:38:05,770
away from you and you replace that
837
00:38:05,770 --> 00:38:07,020
within period of 12 months or so.
838
00:38:07,020 --> 00:38:08,670
Not many people want to do that.
839
00:38:08,670 --> 00:38:11,470
Even though the company sells other Internet products,
840
00:38:11,470 --> 00:38:14,370
the marketplace views Netscape as a browser company
841
00:38:14,370 --> 00:38:16,640
in a losing battle with Microsoft.
842
00:38:18,230 --> 00:38:22,540
- Greg this is Jim Barksdale with Netscape Communications, how are you ?
843
00:38:22,880 --> 00:38:24,980
It's clear that Netscape doesn't have
844
00:38:24,980 --> 00:38:27,730
enough pieces to threaten Microsoft.
845
00:38:27,730 --> 00:38:30,660
I don't think that Netscape long term
846
00:38:30,660 --> 00:38:33,320
can survive as an independent company.
847
00:38:36,590 --> 00:38:39,280
While Mozilla tries to recapture the early,
848
00:38:39,280 --> 00:38:41,610
glory days of the company,
849
00:38:41,610 --> 00:38:44,050
integrating code from the outside means
850
00:38:44,050 --> 00:38:46,490
more work for everyone on the browser team.
851
00:38:46,490 --> 00:38:47,910
- Apparently I must have done it backwards
852
00:38:47,910 --> 00:38:50,630
from what you told me, or I don't know what
853
00:38:50,630 --> 00:38:52,630
- Ok, this is too fast
854
00:38:52,630 --> 00:38:54,890
- We want to take the old free tree
855
00:38:54,890 --> 00:38:56,620
and use it as subsection,
856
00:38:56,620 --> 00:38:59,430
and we want to build this interesting tree around this.
857
00:38:59,430 --> 00:39:00,280
- No that's not want we want to do
858
00:39:00,280 --> 00:39:01,640
NS Private at the top, right ?
859
00:39:01,640 --> 00:39:04,050
- A project file for this or project file for that,
860
00:39:04,050 --> 00:39:05,500
it can't be a project file for both.
861
00:39:05,500 --> 00:39:07,940
We don't have a plan for doing both.
862
00:39:07,940 --> 00:39:10,100
So right now I have some files that have
863
00:39:10,100 --> 00:39:12,200
to come from here for Java in a single directory,
864
00:39:12,200 --> 00:39:13,330
and some files that have to come from here
865
00:39:13,330 --> 00:39:15,430
in the same directory, the same directory.
866
00:39:15,490 --> 00:39:16,300
Tell me how I do that?
867
00:39:19,970 --> 00:39:21,390
That's the problem.
868
00:39:21,390 --> 00:39:23,720
The browser division which costs the company
869
00:39:23,720 --> 00:39:26,240
almost 30 million dollars a year to operate
870
00:39:26,240 --> 00:39:28,650
and contributes few revenues to the company
871
00:39:28,650 --> 00:39:31,150
is reorganized in the fall for the second time
872
00:39:31,150 --> 00:39:32,170
in less than a year.
873
00:39:32,170 --> 00:39:33,760
Do we have all the answers: No.
874
00:39:33,760 --> 00:39:35,460
We're going to try and learn what we can from
875
00:39:35,460 --> 00:39:37,200
seeing the people who've done this well...
876
00:39:37,200 --> 00:39:40,200
When I joined a start-up, I knew that 19 out of 20 fail.
877
00:39:40,460 --> 00:39:41,880
When an employee comes
878
00:39:41,880 --> 00:39:43,350
to work at Netscape today,
879
00:39:43,350 --> 00:39:44,890
he doesn't have the perception
880
00:39:44,890 --> 00:39:46,470
that there's a 19 out of 20 chance
881
00:39:46,470 --> 00:39:48,520
that this job is not gonna be in place
882
00:39:48,520 --> 00:39:49,990
1 to 5 years from now.
883
00:39:52,750 --> 00:39:56,460
If you live here, it is the ubiquitous conversation
884
00:39:56,460 --> 00:39:58,310
"Do you believe that Microsoft
885
00:39:58,310 --> 00:40:00,210
has used either a) illegal
886
00:40:00,260 --> 00:40:02,390
or just unfair methods
887
00:40:02,390 --> 00:40:04,630
to take market share from Netscape?"
888
00:40:04,630 --> 00:40:07,870
And if the heart and soul of this industry is
889
00:40:07,870 --> 00:40:12,070
opportunity, is egalitarianism, Microsoft having
890
00:40:12,070 --> 00:40:15,130
achieved its market share
891
00:40:15,190 --> 00:40:18,820
on anything other than the backs of its code
892
00:40:18,820 --> 00:40:22,170
really riles every body up.
893
00:40:22,270 --> 00:40:25,270
Justice department has charged Microsoft
894
00:40:25,370 --> 00:40:29,650
with engaging an anti-competitive and exclusionary practises
895
00:40:29,650 --> 00:40:34,470
designed to maintain its monopoly in personal computer operating systems
896
00:40:34,830 --> 00:40:39,460
and attempting to extend that monopoly to Internet browser software.
897
00:40:39,670 --> 00:40:41,830
Regardless of its case against Microsoft,
898
00:40:41,830 --> 00:40:41,870
Netscape has become a victim of its increasing size
Regardless of its case against Microsoft,
899
00:40:41,870 --> 00:40:44,660
Netscape has become a victim of its increasing size
900
00:40:44,690 --> 00:40:46,570
and the growing complexities of its code,
901
00:40:46,670 --> 00:40:49,160
the company struggles to maintain the vitality
902
00:40:49,180 --> 00:40:51,160
it enjoyed as a start-up.
903
00:40:51,580 --> 00:40:53,650
When a company gets to be above a certain size,
904
00:40:53,660 --> 00:40:57,370
it's just a process, it's a mechanism for making money.
905
00:40:57,470 --> 00:41:00,130
And innovation is like one possible way of doing that,
906
00:41:00,150 --> 00:41:00,980
but it's a risky way.
907
00:41:01,010 --> 00:41:02,670
So companies, big companies don't do that.
908
00:41:02,770 --> 00:41:06,570
Um, Microsoft actually doesn't do very much, they buy companies.
909
00:41:06,600 --> 00:41:08,960
They wait until someone has done something interesting and then they acquire them,
910
00:41:09,090 --> 00:41:10,400
and then they milk it for all it's worth.
911
00:41:10,430 --> 00:41:15,070
I don't mean to pick on Microsoft because lots of companies do that, it's just the normal way of doing business.
912
00:41:24,120 --> 00:41:26,310
We're on out way to the Flint Center now.
913
00:41:26,780 --> 00:41:28,230
We're going to have an all-hands meeting.
914
00:41:28,260 --> 00:41:32,310
Jim Barksdale has moved up the all hands meeting by roughly about a week.
915
00:41:32,310 --> 00:41:36,010
We just announce quarterly results and now this major change in direction.
916
00:41:38,840 --> 00:41:43,000
Well, in case you haven't read the newspaper,
917
00:41:45,670 --> 00:41:50,980
we have, as of 1:30 this morning,
918
00:41:52,980 --> 00:42:02,290
concluded negotiations and agreed to sell our company to AOL of Dulles, Virginia.
919
00:42:06,870 --> 00:42:10,270
I can't imagine that day when they announced the merger,
920
00:42:10,370 --> 00:42:13,370
that they weren't like "Oh, I don't believe this".
921
00:42:13,470 --> 00:42:16,310
You know, sort of a nightmare scenario.
922
00:42:16,310 --> 00:42:17,770
Although, you know, the worst one would have been
923
00:42:17,770 --> 00:42:19,770
Microsoft's buying us, I guess, you know.
924
00:42:19,770 --> 00:42:21,890
Then they would have, you know you would've seen like
925
00:42:21,970 --> 00:42:24,240
his this flow of cars out of Netscape
926
00:42:24,240 --> 00:42:27,390
Six months ago they were insulting AOL's technology,
927
00:42:27,390 --> 00:42:30,090
you know, it was the service for idiots.
928
00:42:30,090 --> 00:42:31,970
"Congratulations skippy, you've got mail!"
929
00:42:32,370 --> 00:42:37,770
Netscape is not unusual in the way they felt about AOL in Silicon Valley.
930
00:42:37,770 --> 00:42:39,970
I mean, it's very clear that nobody
931
00:42:39,970 --> 00:42:41,470
had any respect for the company.
932
00:42:41,470 --> 00:42:42,950
One of them at Netscape
933
00:42:42,950 --> 00:42:45,060
called Steve Case a soap salesman
934
00:42:45,060 --> 00:42:47,060
because he used to work at Proctor and Gamble.
935
00:42:48,080 --> 00:42:49,320
The soap salesman bought them.
936
00:42:50,760 --> 00:42:54,170
The quote that came out of this article was
937
00:42:54,170 --> 00:42:57,600
"Netscape: (similar lines of) lived fast,
938
00:42:57,600 --> 00:42:59,570
died young, and left a tired corpse".
939
00:42:59,670 --> 00:43:03,470
And I don't know they agree with that.
940
00:43:04,300 --> 00:43:05,870
I don't think Netscape's done yet.
941
00:43:05,870 --> 00:43:07,110
They bought us because they like us,
942
00:43:07,110 --> 00:43:07,990
they like what we do,
943
00:43:08,260 --> 00:43:10,640
and they don't want to disturb that formula;
944
00:43:11,240 --> 00:43:13,870
so their plan is to not damage us in any way.
945
00:43:14,320 --> 00:43:16,160
There had been alot of, uh,
946
00:43:16,230 --> 00:43:17,940
a lot of speculation out on the net,
947
00:43:17,940 --> 00:43:19,390
you know, in the free software community, like
948
00:43:19,390 --> 00:43:20,820
oh well this is it, you know,
949
00:43:20,820 --> 00:43:21,670
it's all over now
950
00:43:21,670 --> 00:43:23,380
"AOL's just gonna screw everything up".
951
00:43:23,380 --> 00:43:24,160
So I wrote this thing
952
00:43:24,160 --> 00:43:25,730
that I put on the Mozilla.org site
953
00:43:25,730 --> 00:43:27,810
that just laid out the worst case scenario,
954
00:43:27,810 --> 00:43:28,770
like, well okay,
955
00:43:29,270 --> 00:43:31,460
even if everything goes wrong
956
00:43:31,560 --> 00:43:33,610
it's still not as bad as you're saying it is.
957
00:43:33,840 --> 00:43:36,360
Because the nature of what Netscape did
958
00:43:36,360 --> 00:43:39,990
meant that the code belongs to the community now.
959
00:43:40,340 --> 00:43:42,660
Few days later I got email from Steve Case,
960
00:43:42,660 --> 00:43:44,580
saying, um, we thing that you're doing is great thing and
961
00:43:44,580 --> 00:43:45,690
and it's part of the reason we bought the company
962
00:43:45,690 --> 00:43:47,390
we plan to keep it going that way, so
963
00:43:47,850 --> 00:43:52,190
um, as far as Mozilla.org and Netscape and AOL's contribution
964
00:43:52,350 --> 00:43:55,750
to the open-source movement goes,
965
00:43:55,750 --> 00:43:57,270
he says, it's gonna continue...
966
00:43:58,330 --> 00:44:01,710
The merger with AOL creates a windfall for shareholders
967
00:44:01,710 --> 00:44:05,560
that will give Netscape employees the chance to cash out and move on,
968
00:44:05,660 --> 00:44:07,920
causing speculation in the national media
969
00:44:07,920 --> 00:44:11,760
about AOL's ability to retain Netscape's key people.
970
00:44:12,660 --> 00:44:14,260
And already I hear, you know,
971
00:44:14,260 --> 00:44:16,240
that AOL people come at Netscape and say,
972
00:44:16,240 --> 00:44:17,570
yeah this is the AOL way.
973
00:44:17,570 --> 00:44:19,670
It's not gonna work at Netscape.
974
00:44:19,670 --> 00:44:22,900
It's gonna be the Netscape way with help from AOL!
975
00:44:22,900 --> 00:44:24,650
I suspect some of them will leave.
976
00:44:24,650 --> 00:44:26,800
You know, they don't want to be part of AOL.
977
00:44:26,900 --> 00:44:29,110
Some people just like the start-up mentality.
978
00:44:29,270 --> 00:44:32,000
And those that want to be part of a juggernaut
979
00:44:32,000 --> 00:44:33,920
are going to stay and be part of the juggernaut.
980
00:44:34,280 --> 00:44:38,010
I've been at Netscape for 3 and a half years and it feels like forever.
981
00:44:38,400 --> 00:44:44,190
And AOL's focus and Netscape's growing focus has been marketing and advertising,
982
00:44:44,190 --> 00:44:45,230
all that stuff, and that's
983
00:44:45,960 --> 00:44:48,540
not nearly as interesting
984
00:44:48,540 --> 00:44:50,800
to someone who's sort of a techno-fetishist.
985
00:44:50,900 --> 00:44:53,290
I'm switching jobs and selling my house,
986
00:44:53,290 --> 00:44:55,000
I'm moving, switching towns...
987
00:44:56,670 --> 00:45:00,100
That's life for start-up land.
988
00:45:01,200 --> 00:45:03,150
I'm still young and stupid as I like to put it,
989
00:45:03,150 --> 00:45:05,050
so I can get away with that stuff like that.
990
00:45:06,190 --> 00:45:10,120
Year and a half ago, so Tara comes to me she says
991
00:45:10,120 --> 00:45:13,570
"I want to be a manager so bad, that I can taste it".
992
00:45:13,570 --> 00:45:17,560
So we finally said alright, you get to be a manager.
993
00:45:17,560 --> 00:45:20,550
And like within a week she said
994
00:45:20,550 --> 00:45:22,750
"Why did you ever let me do this?"
995
00:45:25,750 --> 00:45:30,100
And Tara has turned out to be like one of Netscape's greatest managers.
996
00:45:30,200 --> 00:45:34,200
So here is to Tara, release team manager.
997
00:45:34,710 --> 00:45:37,550
Tara leaves Netscape for an e-commerce start-up,
998
00:45:37,550 --> 00:45:40,640
missing out on a big jump in the value of her stock options
999
00:45:40,640 --> 00:45:42,950
in hopes for a bigger pay out at her new company.
1000
00:45:52,760 --> 00:45:57,700
Regardless of how AOL runs the Netscape business,
1001
00:45:57,800 --> 00:45:59,980
it's not Netscape anymore - that part's over.
1002
00:45:59,980 --> 00:46:01,800
And you know, that's really sad
1003
00:46:01,800 --> 00:46:04,230
I wish Netscape could have gone it on their own.
1004
00:46:04,270 --> 00:46:08,500
Frustrated by what he perceives as a lack of commitment to open-source development,
1005
00:46:08,600 --> 00:46:12,600
Jamie quits Netscape one year to the day he helped to give away Mozilla.
1006
00:46:13,350 --> 00:46:16,200
The movie Hackers I think is just a great movie.
1007
00:46:16,300 --> 00:46:18,000
I wish our lives were like that,
1008
00:46:18,000 --> 00:46:21,150
I wish we were roller skating around in spandex and fighting bad guys,
1009
00:46:21,150 --> 00:46:25,650
but you know it's not it's sitting in a room and typing all day.
1010
00:46:28,150 --> 00:46:31,740
This is what I was trying to escape, this life.
1011
00:46:31,740 --> 00:46:33,940
I knew I did not want to live here.
1012
00:46:36,460 --> 00:46:38,750
I've been out here now about four of five years.
1013
00:46:38,750 --> 00:46:43,500
This is a nice place. This is escape from the jungle.
1014
00:46:48,600 --> 00:46:53,070
Jim Roskind is promoted to Netscape's highest engineering rank.
1015
00:46:53,990 --> 00:46:55,940
Last night I was here at four in the morning,
1016
00:46:55,990 --> 00:46:59,200
and this isn't even in the middle of a critical push.
1017
00:46:59,300 --> 00:47:01,840
But it's almost like an addiction, an adrenaline rush,
1018
00:47:01,840 --> 00:47:03,900
a going for perfection, a pushing.
1019
00:47:03,900 --> 00:47:08,490
And then as you see the results, you get the feedback to push harder.
1020
00:47:12,960 --> 00:47:14,990
You know I really shouldn't comment on this
1021
00:47:14,990 --> 00:47:16,380
since I'm just as foolish as everyone else is
1022
00:47:16,380 --> 00:47:18,070
but I'll just go ahead and do it while admitting that I'm foolish,
1023
00:47:18,070 --> 00:47:20,900
there's just a tremendous quest for material wealth here.
1024
00:47:21,000 --> 00:47:23,200
It's like the goldrush all over again.
1025
00:47:24,100 --> 00:47:26,400
And this is gonna be the playhouse.
1026
00:47:26,500 --> 00:47:29,210
And then this will be like a front porch I think a little flowers and stuff.
1027
00:47:29,210 --> 00:47:30,670
So it will be like a cute little house.
1028
00:47:30,900 --> 00:47:34,800
I went to Netscape because its main purpose was to generate cash,
1029
00:47:34,900 --> 00:47:36,500
based on this Internet thing.
1030
00:47:36,500 --> 00:47:38,580
It's like what we're gonna do, we're gonna get rich.
1031
00:47:38,580 --> 00:47:41,880
It just took a heavy toll on our marriage,
1032
00:47:41,880 --> 00:47:44,500
and, if it wasn't for God's grace,
1033
00:47:44,600 --> 00:47:46,040
we wouldn't have made it.
1034
00:47:46,100 --> 00:47:49,440
"Why would I use god gives"
1035
00:47:50,000 --> 00:47:51,800
Micheal burned out.
1036
00:47:51,900 --> 00:47:57,030
Micheal, came to a place, in his own life where he said the cost is too great,
1037
00:47:57,030 --> 00:47:59,190
I'm not gonna do it anymore.
1038
00:47:59,770 --> 00:48:02,480
If people are - would look at this and say oh
1039
00:48:02,480 --> 00:48:04,980
hey this is a cool thing, I'm gonna start a start-up
1040
00:48:04,980 --> 00:48:06,750
and get rich quick
1041
00:48:06,750 --> 00:48:08,360
I would just have to say
1042
00:48:08,360 --> 00:48:09,740
you need to count the costs
1043
00:48:10,090 --> 00:48:13,370
because you can't ever retrieve the time that's lost.
1044
00:48:13,960 --> 00:48:15,270
Michael Toy
1045
00:48:15,270 --> 00:48:17,100
Netscape employee number 6
1046
00:48:17,100 --> 00:48:19,300
achieved his goal of financial independance
1047
00:48:19,300 --> 00:48:22,950
and retired from Netscape shortly after Mozilla's release.
1048
00:48:29,120 --> 00:48:30,330
In the Valley,
1049
00:48:30,330 --> 00:48:33,690
if you've stayed someplace longer than about three years
1050
00:48:33,690 --> 00:48:35,220
people wonder what's going on?
1051
00:48:35,220 --> 00:48:37,220
Why can't you get another job, what's wrong with you?
1052
00:48:37,220 --> 00:48:39,220
If you're a programmer, you pretty much change jobs
1053
00:48:39,220 --> 00:48:41,220
about every two years or so.
1054
00:48:42,060 --> 00:48:43,220
It's like ants,
1055
00:48:43,220 --> 00:48:43,880
worker ants.
1056
00:48:43,880 --> 00:48:45,880
They send out a group out to do something.
1057
00:48:45,880 --> 00:48:47,660
As that group approaches
1058
00:48:47,660 --> 00:48:48,970
the task that they're gonna do
1059
00:48:48,970 --> 00:48:50,970
some ants leave, more ants come on
1060
00:48:50,970 --> 00:48:53,020
By the time it gets to the target
1061
00:48:53,020 --> 00:48:54,500
it could be a totally different set of ants
1062
00:48:54,720 --> 00:48:58,520
I think as we distribute the set of work that we're doing
1063
00:48:58,520 --> 00:49:00,520
and more and more, in the Information Age
1064
00:49:01,490 --> 00:49:02,620
it'll be more like that.
1065
00:49:03,340 --> 00:49:07,110
Scott Collins continues to commute to Netscape from Michigan.
1066
00:49:11,440 --> 00:49:12,820
There's lot of pressure right now
1067
00:49:12,820 --> 00:49:14,820
to complete our product on time.
1068
00:49:15,260 --> 00:49:17,480
Um, sort of wade in with
1069
00:49:17,710 --> 00:49:21,430
the ridiculous acrobatics the stock is doing.
1070
00:49:21,750 --> 00:49:23,430
We were a 20$ company
1071
00:49:23,430 --> 00:49:26,820
and as of this moment our stock is at 172$.
1072
00:49:27,310 --> 00:49:29,880
So it's hard to be depressed about the amount of work
1073
00:49:29,880 --> 00:49:31,560
you have to do when
1074
00:49:31,560 --> 00:49:33,560
every other cube holds a millionnaire.
1075
00:49:35,460 --> 00:49:38,910
When the deal with AOL closes in the Spring of 1999
1076
00:49:38,910 --> 00:49:43,130
the value of Netscape's stock more than doubled since the merger's announcement.
1077
00:49:44,290 --> 00:49:45,820
Netscape married right.
1078
00:49:46,320 --> 00:49:49,260
They hitched their fortunes to AOL
1079
00:49:49,260 --> 00:49:51,260
when the transaction was announced,
1080
00:49:51,380 --> 00:49:54,840
the implied valuation was about 4.2 billion
1081
00:49:54,980 --> 00:49:56,840
when transaction was completed,
1082
00:49:57,230 --> 00:50:00,170
the transaction was valued at 10 billion.
1083
00:50:00,170 --> 00:50:04,340
So in effect about 5.5 or 6 billion dollars
1084
00:50:04,340 --> 00:50:06,640
of net worth was created
1085
00:50:06,640 --> 00:50:10,460
so I think it was the very clever deal-making
1086
00:50:10,460 --> 00:50:13,890
of Netscape management that kept them in the game
1087
00:50:13,890 --> 00:50:18,560
much longer and Netscape's shareholders benefited quite considerably.
1088
00:50:19,520 --> 00:50:20,730
Mo-
1089
00:50:20,780 --> 00:50:21,870
-zill-
1090
00:50:21,870 --> 00:50:22,950
-la
1091
00:50:22,950 --> 00:50:24,290
lives !
1092
00:50:24,290 --> 00:50:26,440
While many executives sold their stock
1093
00:50:26,440 --> 00:50:28,040
during Netscape's final year
1094
00:50:28,040 --> 00:50:29,620
Barksdale bought more
1095
00:50:29,620 --> 00:50:31,890
and after the merger he swapped his shares
1096
00:50:31,890 --> 00:50:35,000
for more than half a billion dollars of AOL stock.
1097
00:50:39,100 --> 00:50:40,900
Another young man comes west
1098
00:50:40,900 --> 00:50:44,210
to seek his fortune on technology's new frontier.
1099
00:50:44,210 --> 00:50:46,900
I'm a little bit nervous going into this interview,
1100
00:50:46,900 --> 00:50:50,310
cause I'm not entirely sure what to expect.
1101
00:50:50,310 --> 00:50:52,180
It's a long way away
1102
00:50:52,180 --> 00:50:54,060
Three thousand miles
1103
00:50:54,060 --> 00:50:57,270
is a long way for your child to be
1104
00:50:57,270 --> 00:51:02,360
But this is a place where there's a lot going on that
1105
00:51:02,360 --> 00:51:04,410
he's very interested in and I think
1106
00:51:04,410 --> 00:51:06,410
has some talents in this area.
1107
00:51:06,410 --> 00:51:09,470
And I really think that this may be
1108
00:51:10,430 --> 00:51:13,170
kind of home for him as far as
1109
00:51:13,170 --> 00:51:15,170
being able to work with people
1110
00:51:15,170 --> 00:51:17,510
that he can actually talk to.
1111
00:51:23,270 --> 00:51:24,950
- Pavlov!
1112
00:51:27,510 --> 00:51:29,390
- What I want to know is,
1113
00:51:29,510 --> 00:51:30,870
what you want to do
1114
00:51:30,870 --> 00:51:33,640
I mean, what your goals are in the next couple of years?
1115
00:51:33,640 --> 00:51:35,040
- My goal right now
1116
00:51:35,040 --> 00:51:38,700
is that I want to see the UNIX version faster than the Windows version.
1117
00:51:39,560 --> 00:51:41,070
Once you pull that off,
1118
00:51:41,070 --> 00:51:43,260
then, you know, we'll see.
1119
00:51:43,310 --> 00:51:44,280
But that's my goal.
1120
00:51:45,730 --> 00:51:47,860
Pavlov is hired by Netscape.
1121
00:51:47,860 --> 00:51:50,150
He postpones going to college.
1122
00:51:52,370 --> 00:51:55,060
Taking part in what one investor has called the largest
1123
00:51:55,060 --> 00:51:57,730
legal creation of wealth in the history of the planet,
1124
00:51:57,730 --> 00:52:00,590
David Readerman moves to a new investment bank.
1125
00:52:04,300 --> 00:52:05,580
Here's the data center,
1126
00:52:05,580 --> 00:52:08,170
a lot of cable, a lot of fiber.
1127
00:52:08,350 --> 00:52:12,270
These can be sort of, you know, Internet connections
1128
00:52:12,320 --> 00:52:14,790
they can be our trading lines, our phone lines.
1129
00:52:14,790 --> 00:52:17,780
You know we're lying the infrastructure
1130
00:52:17,780 --> 00:52:21,040
to basically build a major merchant bank.
1131
00:52:21,580 --> 00:52:24,520
Our view is that the Internet changes everything
1132
00:52:24,520 --> 00:52:26,840
and we're going to finance the companies
1133
00:52:26,840 --> 00:52:29,330
that want to be the agents of that change.
1134
00:52:36,860 --> 00:52:38,040
Look at this intersection,
1135
00:52:38,040 --> 00:52:40,320
we've got a bank here,
1136
00:52:40,320 --> 00:52:42,980
in two years you know this may not be here,
1137
00:52:42,980 --> 00:52:45,330
why not bank online?
1138
00:52:47,520 --> 00:52:49,150
Gap's website
1139
00:52:49,150 --> 00:52:52,590
is one of the most successful commerce websites
1140
00:52:52,590 --> 00:52:54,590
on the market.
1141
00:52:56,070 --> 00:52:59,030
I don't even know why Gap's renovating this store?
1142
00:52:59,030 --> 00:53:01,600
Why aren't they investing more in their website?
1143
00:53:03,370 --> 00:53:06,480
I don't know what this intersection may look two years from now.
1144
00:53:09,230 --> 00:53:11,180
When I started people didn't know what HTML was,
1145
00:53:11,180 --> 00:53:12,880
what the World Wide Web was, and then all of a sudden
1146
00:53:12,880 --> 00:53:14,880
the power of the Internet that had been there
1147
00:53:14,880 --> 00:53:17,130
for years was available to everybody
1148
00:53:17,250 --> 00:53:20,330
in an easy way, Point & click, the universal language.
1149
00:53:20,330 --> 00:53:23,770
It's like in Fantasia when Mickey is standing over
1150
00:53:23,840 --> 00:53:25,400
the book that's open on the mountain,
1151
00:53:25,400 --> 00:53:26,510
and he's looking in to see what to do
1152
00:53:26,510 --> 00:53:28,510
and he does something. And he doesn't really know what he does
1153
00:53:28,750 --> 00:53:29,890
but it makes something happen.
1154
00:53:29,890 --> 00:53:32,260
And of course this thing gets out of control and keeps going.
1155
00:53:32,280 --> 00:53:33,990
You don't know why it works, you don't know how it works,
1156
00:53:33,990 --> 00:53:35,790
you just push a button and it works.
1157
00:53:35,790 --> 00:53:37,810
We're at the beginning of an industry and
1158
00:53:37,810 --> 00:53:39,810
who knows where that industry's gonna go?
1159
00:53:39,810 --> 00:53:41,890
This could all turn into television again.
1160
00:53:41,890 --> 00:53:44,580
It could be controlled by a small number of
1161
00:53:45,860 --> 00:53:48,180
companies who decide what we see and hear.
1162
00:53:48,180 --> 00:53:50,180
And there's a lot of precedent for that.
1163
00:53:51,340 --> 00:53:53,510
I'm just laying down the tracks
1164
00:53:53,510 --> 00:53:55,510
and there were these trains zooming by me,
1165
00:53:55,510 --> 00:53:57,440
and there's no way I'd want to say it's a
1166
00:53:57,440 --> 00:53:59,440
bad thing to have these trains fly by.
1167
00:54:00,380 --> 00:54:01,860
I could be a horrible legacy.
1168
00:54:01,860 --> 00:54:04,230
If it ended up being a legacy of,
1169
00:54:04,230 --> 00:54:06,600
you know, Netscape and the Internet,
1170
00:54:07,360 --> 00:54:09,070
that we could all like,
1171
00:54:10,200 --> 00:54:11,680
do what we're doing only under
1172
00:54:11,680 --> 00:54:13,360
much more intense pressure and
1173
00:54:13,680 --> 00:54:14,720
much faster.
1174
00:54:17,090 --> 00:54:18,450
Everything has to change faster,
1175
00:54:18,450 --> 00:54:20,150
obviously, you know, look at Netscape.
1176
00:54:20,150 --> 00:54:22,150
It was born and died.
1177
00:54:22,150 --> 00:54:23,950
I don't want to use the word "died", they wouldn't like that word.
1178
00:54:23,950 --> 00:54:26,300
But basically it was born and overtaken
1179
00:54:26,300 --> 00:54:27,760
within four years.
1180
00:54:27,760 --> 00:54:30,050
That's pretty fast, I think.
1181
00:54:30,400 --> 00:54:31,830
They must think it's very fast.
1182
00:54:31,830 --> 00:54:33,830
Near the end of 1999,
1183
00:54:33,830 --> 00:54:35,510
the public still awaits Netscape's
1184
00:54:35,510 --> 00:54:37,510
first open source browser,
1185
00:54:37,510 --> 00:54:39,980
more than a year after Mozilla was released.
1186
00:54:40,270 --> 00:54:42,120
The judge and the justice department
1187
00:54:42,120 --> 00:54:44,440
end a trust trial rules that Microsoft
1188
00:54:44,470 --> 00:54:46,770
is a monopoly, it stiffles innovation.
1189
00:54:46,770 --> 00:54:48,570
AOL begins the millenium
1190
00:54:48,590 --> 00:54:50,620
with a new even larger aquisition,
1191
00:54:50,620 --> 00:54:53,430
and investors continue buying technology stocks,
1192
00:54:53,430 --> 00:54:56,220
which trade with increasing volatility.
1193
00:54:56,860 --> 00:54:59,280
Still as the Internet finds its way
1194
00:54:59,280 --> 00:55:01,060
into every corner of daily life,
1195
00:55:01,060 --> 00:55:03,180
so, too will legions of programmers
1196
00:55:03,180 --> 00:55:05,380
and their code, working fast
1197
00:55:05,380 --> 00:55:07,380
and late into the night.
93974
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