I tossed on an old t-shirt before heading out for my five-mile run Sunday morning. It wasn’t until I’d come back and taken it off, though, that I noticed the writing. It featured the slogan of a long gone Web 1.0 client. This wasn’t just any Web 1.0 company. It was the first-to-market in its field. Remember first mover status? Ooooh. It was soooo important.
Anyway, this dotcom had raised millions of dollars from top venture capital firms and its Israeli-led management team believed they walked on water. I remember their unbelievable hubris when they’d descend on our office. When not brow-beating our account team in the conference room, they’d stroll up and down our hallways screaming into their cell phones at some administrative type or banker on the other end. And we permitted it because, well, these were dotcom gods, that’s why. I think they went belly-up in 2002.
I remember another Web 1.0 CEO and his henchwoman who thought they, too, walked on water. Their business model had something to do with being on the edge of the Web and, like the Israelis, they were first-to-market with their business model. They’d raised tons of money, hired hundreds of people and demanded that our account team work 24×7 just like they did. I still remember their ‘coming out’ party at Lotus. It was a ‘must attend’ event for anyone who was anyone in what used to be called Silicon Alley. I also remember the CEO acting like some sultan from “A Thousand and One Arabian Nights”and holding court in a back room. That company imploded two or three months later.
I also recall a gaming company whose head of public relations had the foulest mouth this side of a Bayonne longshoreman. She, too, thought she walked on water and regularly browbeat our team. I think the worst moment came when an industry trade publication named her ‘Young PR Professional of the Year.’ I remember thinking at the time that either some judge hadn’t done her homework or the industry was now including verbal abuse as a key component of the successful, young PR pro. Happily, it turned out to be the former and this horror show and her firm soon disappeared from the Web 1.0 landscape.
I bring all this up because I’ve noticed more and more hubris of late from Web 2.0 CEOs and their in-house marketing communications types. Hopefully, what I’m seeing is an exception to the norm. Even if it’s not, I’m sure I’ll be running one day soon in a t-shirt from a company that went very quickly from being today’s hero to tomorrow’s road kill. That’s because there seems to be a direct correlation between short-term abuse and long-term failure.