Tagged: business model

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July 16, 1995: Amazon Goes Online, Happy Birthday Orville Redenbacker

Fluid Concepts & Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought. That was the first book Amazon sold on July 16th, 1995. The company ran from their garage in Bellevue, Washington. 3 SPARC machines was all they had and a cool little mechanism that rung a bell every time a book was sold. The business model was set to make profit in 5 years. It was a good thing, because that may have helped it survive the dot com bubble. 17 years later, Amazon is going strong. Purchases of companies like WOOT! and Zappos!, along with the introduction...

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Napster 0

July 2, 2001: Napster Shut Down

Napster, the file sharing service (started by John & Shawn Fanning, and Sean Parker) that was up since 1999, had a series of trials and tribulations until 2001. After lengthy legal battles with artists like Madonna and Metallica, Napster began to realize their business model is not going to work. They shut down the entire network to comply with an injunction. This case was partially settled on September 24, 2001, where Napster was ordered to pay $26 million in damages and $10 million in future royalties.Eventually, Napster filed for Chapter 11 bankruptcy, right before Napster 3.0 was ready to be deployed. On...

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July 16, 1995: Amazon Goes Online

Fluid Concepts & Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought. That was the first book Amazon sold on July 16th, 1995. The company ran from their garage in Bellevue, Washington. 3 SPARC machines was all they had and a cool little mechanism that rung a bell every time a book was sold. The business model was set to make profit in 5 years. It was a good thing, because that may have helped it survive the dot com bubble. 20 years later, Amazon is going strong. Purchases of companies like WOOT! and Zappos!, along with the introduction of...

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