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Transcript: TheGlobe.com Co-Founder On What A Bubble Bursting Feels Like

Photo of co-president and CEOs of TheGlobe.com Stephan Paternot, left, and Todd V. Krizelman leaning against a wall in their new headquarters in New York City on October 12, 1999.

Photo of co-president and CEOs of TheGlobe.com Stephan Paternot, left, and Todd V. Krizelman leaning against a wall in their new headquarters in New York City on October 12, 1999.

Photographer: Brian Killigrew

We've seen a major crash in crypto and speculative tech. But it's happened so fast, that it hasn't fully sunk in yet. So when do people really accept that it's over? What's it like when a bubble truly ends? And how does it feel to go from wildly rich to broke? Tech founders during the dotcom era all experienced this. On this episode of the podcast, we speak with Stephan Paternot, the co-founder and co-CEO of TheGlobe.com, an early online community that was famous for having the biggest one-day IPO popp of all time. We discussed the runup to the boom, the crash, and how he recovered from it. Transcripts have been lightly edited for clarity.

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