[00:00.00]Ride the Internet Wave
[00:04.41]“As a practical matter he had no past only a future.
[00:09.77]That’s when he really came alive
[00:12.19]when you got him on the subject
[00:13.94]of what was going to happen next.”
[00:15.79]So writes Michael Lewis of Jim Clark in his new bestseller
[00:20.93]The New New Thing about the people
[00:23.24]in the place of the future Silicon Valley.
[00:25.74]The new new thing—it’s the thing to do these days:
[00:30.00]come up with an idea,start an Internet company
[00:33.74]and get filthy rich.
[00:35.26]Even though Yale University junior Joshua Newman
[00:39.40]doesn’t quite have Clark’s billions,
[00:41.82]Lewis could have been writing about Newman.
[00:44.02]This Internet wonder kid
[00:46.30]has already launched two start-ups and he,
[00:49.06]like Clark, comes alive when you get him talking
[00:52.10]about the possibilities of the future.
[00:53.97]Newman grew up in Palo Alto C.A.,
[00:57.68]the Internet Mecca of the world,
[00:59.86]but he entered Yale with no business experience
[01:02.83]and certainly no intention
[01:04.69]of someday starting his own company.
[01:06.76]“If you told my parents
[01:08.74]then that I’d be doing something like this,”
[01:10.69]Newman says,
[01:11.68]“there would have been mild shock and incredulity.”
[01:14.65]It was during his freshman year at Yale
[01:17.25]that Newman met David Fischer,
[01:19.46]then a junior and the two of them began playing around
[01:23.17]with the idea of starting their own business.
[01:25.03]Newman’s first start up with Fischer was Sharkbyte,
[01:28.96]an Internet strategy and consulting site
[01:31.80]that was recently acquired by Quantrum International.
[01:34.77]While others hit Wall Street
[01:36.94]or Capitol Hill for fancy summer internships Newman
[01:40.98]devoted his past two summers to working feverishly
[01:44.39]to hit the Internet jackpot-
[01:45.82]and he plans to spend this upcoming summer
[01:49.20]launching his newest company Paradigm Blue,
[01:52.36]a venture capital site dealing with student-driven projects.
[01:55.77]During the school year Newman
[01:57.95]has the typical college student’s challenge
[02:00.47]of juggling school and play.
[02:02.65]But in Newman’s case play is running his company,
[02:06.05]meeting prospective clients
[02:08.34]and driving to New York City several times a week.
[02:10.98]How many hours a week during the school year
[02:13.48]does Newman devote to his non-academic work?
[02:16.86]Newman doesn’t keep count-
[02:19.39]he’s too afraid of the figure that he’d come up with.
[02:21.67]During the summer months Newman did extensive traveling,
[02:24.86]meeting with potential clients all over the country.
[02:28.23]He has employed several college students in his company.
[02:31.84]The summer has become a popular time
[02:34.70]for students to get their feet wet in the business
[02:37.42]and Newman has taken advantage of that.
[02:40.06]For now, Newman is focused on launching Paradigm Blue.
[02:44.21]His goal is for the site to raise $10 million by May 1st
[02:48.91]at which time he and his partners
[02:51.33]will close the fund and start their fun.
[02:53.61]What comes next who knows?
[02:56.14]But that’s what’s so fun about the new new thing.