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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?


To: Puna who wrote (14148)11/18/1999 5:43:00 PM
From: playavermont  Respond to of 28311
 
Testing EOM



To: Puna who wrote (14148)11/18/1999 5:50:00 PM
From: playavermont  Read Replies (2) | Respond to of 28311
 
More milestones for Go2net...

Silicon Investor will have post # 12,000,000 within the next day or two.

Best to All!



To: Puna who wrote (14148)11/20/1999 3:07:00 PM
From: levy  Read Replies (1) | Respond to of 28311
 
Company Interview Excerpt

For Subscribers

Go2Net CEO aligns interests by example on 36k salary
Russell C. Horowitz, Go2Net, Inc.

RUSSELL C. HOROWITZ is CEO of Go2Net, Inc. (Nasdaq:GNET).
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ÿ
TWST: Let's start off by your giving us a brief overview of Go2Net, the company's history, services, customers, those kinds of things?
Mr. Horowitz: Go2Net is a network of individually branded, technology-driven Web sites. We're focused on a few different areas. We're in the personal finance area, search and directory, multi-player games, and transactions-based commerce and business services. We've evolved from our initial launch on the Web a little bit more than two years ago: From a year ago being the 77th most trafficked property on the Web to our current position as the 19th most trafficked property on the Web, which still doesn't take into account a couple of our major recent acquisitions. Over the last four months, Go2Net has been the fastest growing organically growing property in the top 20. Last year, we set a goal of becoming a top 25 Web property, and we accomplished that by September. This year we've set a goal of being one of the top 10 most trafficked Web properties. Based on our current rates of growth, we are on course to accomplish that goal as well.
TWST: What's the size and growth potential of the industry, if that's possible to imagine, the Internet overall and also your markets?
Mr. Horowitz: We're focused on two different markets. We're focused on the consumer segment through the content offerings we have with the portal services, the search and directory, personal finance and multi-player games. We think that's its own huge opportunity as the various media forms converge onto the Web, and perhaps most dynamically in the next generation of this industry, which will be in the broadband environment, and as access to the Internet expands from a PC platform to multiple platforms. That's one in which we feel particularly well positioned, through our recent strategic association with Paul Allen. He has the interests in terms of 100% ownership of Charter Communications, which is the nation's fourth largest cable company, and also with a significant stake in High Speed Access Corporation (HSA), which is a provider of broadband services like At Home and RoadRunner. So by virtue of those relationships in addition to others that we can form in terms of broadband distribution, we feel uniquely positioned to be one of the leaders in that space.
The other part that we're focused on, which is perhaps the fastest growing segment now and the biggest commercial opportunity, is the adoption of businesses onto the Web. We have HyperMart, which is our site focused on providing various business services, including hosting for small and medium size businesses. It's the largest aggregation of businesses on the entire Web, with more than 330,000. It was rated by Media Metrix as one of the fastest growing sites on the entire Web. So it has tremendous momentum, and we're using that as a foundation to create an enviable transactions-based commerce model. In the business-to-business segment some third party forecasts are looking for up to $400 billion of business-to-business commerce activity in 2003.
TWST: How are your management incentives aligned with the interests of your shareholders?
Mr. Horowitz: One of the ways, to use myself as an example, is that I've, since Go2Net's inception, had a $36,000 annual salary. So I view the opportunity here and where the real value creation is in the equity. We have a model where, more than words, we want everybody in this company to feel like an owner and know that they make a difference and they add value to the overall effort, and deserve to share in that value. By creating that kind of environment, we've been able to benefit from the kind of employee retention we've had.
So management benefits from this company through their equity interests and through incentive stock options. In one form or another, everybody has taken equity and has made the sacrifice on what their cash compensation is, knowing that we believe in what we're doing, and that the equity is the place that there's the greatest upside. It's also the way that management interests are most closely aligned with all external shareholders.