Burn Rate: How I Survived the Gold Rush Years on the Internet[1] is a 1998 non-fiction book by Michael Wolff, an account of Wolff's dotcom company, Wolff New Media.
The "burn rate" of the title refers to the cash drain of the startup company. Most of the plot revolves around Wolff's attempts to get funding from various sources: AOL, The Washington Post and Magellan. Wolff recounts a growing animosity with his financial backers: Robert Machinist, Alan Patricof and Jon Rubin.[2] In the end, Wolff decides to abandon the company, resigning his position, cashing his uncollected salary, and returning to his roots as a journalist, by writing a tell-all book.
In side-light chapters to the "burn rate" plot, Wolff discusses his interactions with Internet pioneers such as Louis Rossetto, his confusion about what the Internet is, where it is headed. In particular Wolff is concerned with how "media" on the Internet compares to traditional edited media, with interactive "chat" being more important than edited story-line content: "people don't read on the Internet".
Publication historyedit
Burn Rate was excerpted in the June 1998 issue of Wired.[3] The book was released that fall, and has now had 4 editions and hardback and paperback versions.[1]
Reactionsedit
In October 1998,[4] Wolff wrote that Isabel Maxwell and David Hayden of Magellan complained about their portrayals. He also notes "letters from lawyers" from Jon Rubin and Alan Patricof. From Robert Machinist, whom he labels as the "larger than life anti-hero" of the book, there was satisfaction at Burn Rate notoriety generating more business.
The Village Voice noted that Wolff had omitted to tell a part of the story of Wolff New Media's implosion: that while Wolff was deferring his own salary to keep the company afloat, he encouraged his employees to do the same. When Wolff collected his owed salary he exhausted the company's remaining cash reserves, resulting in the rest of his employees inability to receive any salary back-pay.[5]
Reviewsedit
This section needs expansion. You can help by adding to it. (January 2018)
CNN
Complete Review, The
New York Times, The (Hafnert)
New York Times, The (Lehmann-Haupt)
New York Times, The (Stead)
San Francisco Chronicle, The
Slate
strategy+business
Suck
Writers Write (July 1998)
Related Interviewsedit
Austin Chronicle, The
Writers Write (August 1998)
Referencesedit
^ abBurn rate : how I survived the gold rush years on the Internet (Book, 1998) [WorldCat.org]
^Michael Wolff And Newser: No Contract, No NDA October 7, 2008, at the Wayback Machine
^Wolff, Michael (June 1, 1998). "Bonfire of the Securities". Wired.
^Wolff, Michael (October 1, 1998). "Burn Rant". Wired.
^Bunn, Austin (June 16, 1998). "Burning Bridges". The Village Voice.
April 11, 2024
burn, rate, this, article, about, book, other, uses, burn, rate, disambiguation, survived, gold, rush, years, internet, 1998, fiction, book, michael, wolff, account, wolff, dotcom, company, wolff, media, authormichael, wolffcountryunited, stateslanguageenglish. This article is about the book For other uses see Burn rate disambiguation Burn Rate How I Survived the Gold Rush Years on the Internet 1 is a 1998 non fiction book by Michael Wolff an account of Wolff s dotcom company Wolff New Media Burn RateAuthorMichael WolffCountryUnited StatesLanguageEnglishGenreNon fictionPublisherSimon amp SchusterPublication dateJune 24th 1998Media typePrint Hardcover and Paperback Pages288ISBN0 684 85621 2OCLC41672640 Contents 1 Content 2 Publication history 3 Reactions 4 Reviews 5 Related Interviews 6 ReferencesContent editThe burn rate of the title refers to the cash drain of the startup company Most of the plot revolves around Wolff s attempts to get funding from various sources AOL The Washington Post and Magellan Wolff recounts a growing animosity with his financial backers Robert Machinist Alan Patricof and Jon Rubin 2 In the end Wolff decides to abandon the company resigning his position cashing his uncollected salary and returning to his roots as a journalist by writing a tell all book In side light chapters to the burn rate plot Wolff discusses his interactions with Internet pioneers such as Louis Rossetto his confusion about what the Internet is where it is headed In particular Wolff is concerned with how media on the Internet compares to traditional edited media with interactive chat being more important than edited story line content people don t read on the Internet Publication history editBurn Rate was excerpted in the June 1998 issue of Wired 3 The book was released that fall and has now had 4 editions and hardback and paperback versions 1 Reactions editIn October 1998 4 Wolff wrote that Isabel Maxwell and David Hayden of Magellan complained about their portrayals He also notes letters from lawyers from Jon Rubin and Alan Patricof From Robert Machinist whom he labels as the larger than life anti hero of the book there was satisfaction at Burn Rate notoriety generating more business The Village Voice noted that Wolff had omitted to tell a part of the story of Wolff New Media s implosion that while Wolff was deferring his own salary to keep the company afloat he encouraged his employees to do the same When Wolff collected his owed salary he exhausted the company s remaining cash reserves resulting in the rest of his employees inability to receive any salary back pay 5 Reviews editThis section needs expansion You can help by adding to it January 2018 Business Week CNN Complete Review The New York Times The Hafnert New York Times The Lehmann Haupt New York Times The Stead Salon com San Francisco Chronicle The Slate strategy business Suck Writers Write July 1998 Related Interviews editAustin Chronicle The Writers Write August 1998 References edit a b Burn rate how I survived the gold rush years on the Internet Book 1998 WorldCat org Michael Wolff And Newser No Contract No NDA Archived October 7 2008 at the Wayback Machine Wolff Michael June 1 1998 Bonfire of the Securities Wired Wolff Michael October 1 1998 Burn Rant Wired Bunn Austin June 16 1998 Burning Bridges The Village Voice Retrieved from https en wikipedia org w index php title Burn Rate amp oldid 1175277192, wikipedia, wiki, book, books, library,
