Flashback to Silicon Valley in the mid-’90s: The People Of @Home Network
/@Home Network was the first company to provide high-speed cable Internet services. @Home was founded in Silicon Valley in 1995, went public in July 1997, merged with Excite in January 1999, and the rest is history.
In September 1996, I joined @Home Network as the Photo Editor. At that time, there were only four photo editors paid to edit images for publishing on the Internet. I worked closely with many at @Home Network to build the first online broadband photography community called “Making Pictures” with a $3M joint venture with Intel in 1997. I worked for @Home for about 3 years, learned a ton, and made many friends. In addition to my work responsibilities, I made behind the scenes pictures of all of the great people building the company. Some called me the company photographer and others the company historian.
The following images were scanned by a friend from a book we produced for all @Home employees. The following is only a very small sample of the great people that helped build @Home Network. Many of you have framed photographic prints from this series. If you do, please make a high-resolution photo of your prints and email them to me with a caption. I will add some more of you to this post. The book was designed and captioned by Ty Ahmad-Taylor. Captions also written by Jonathan Rosenberg. These images were created with my Nikon F & FM, Black & White Kodak TMAX 3200 speed film, and frequently pushed to 6400 speed. For context, a top tier professional digital photography camera back then was the Kodak DCS 400 series which was a series of Nikon based digital SLR cameras with sensor and added electronics produced by Kodak. This high-end professional camera cost at least $20K, produced only a 1.5-megapixel image and weight was about 3.75 pounds.
I founded LDV Capital after 18 years as an entrepreneur building four businesses powered by visual technologies. LDV is a thesis-driven early-stage venture fund investing in people building businesses powered by visual technology. We thrive on collaborating with deep technical teams that leverage computer vision, machine learning and artificial intelligence to analyze visual data.
FROM: The desk of Tom Jermoluk
TO: The @Home Network
The story of a company is no more or less than the story of its people. Their journey of commitment, creation, hard work, laughter, and ultimately pride. It is dependent on the attraction and bonding of people who share common goals, values, and abilities. Do companies succeed or fail because they have great technology, great business plans, great markets? Or because they have great people?!
Many are the questions we face. What if it doesn't work?
What if it's too hard? What if our partners change their minds? What if ...
To this, we say, "What if it does work?"
We are creating a technology that will change the way people live, work, play, learn, and communicate. The spark that creates change on a level that history will remember. And we few who banded together because we share the vision of "What if it does work?", will know that it worked because we thought it could, and knew it should.
This then is the story of the beginning. The first chapter of a work in progress. These are the special people, and their special moments, at the special place we call @Home.
Sincerely,
Thomas Jermoluk, Chairman and CEO, The @Home Network
May 1995: The @Home Network is founded by Tele-Communications International and Kleiner, Perkins, Caufield, and Byers.
June 1996: Cox and Comcast join @Home as equity partners. Employees: 21
September 1996: @Home launches its backbone and offers residential service for the first time in Fremont, CA. Employees: 135
December 1996: Intermedia Cable, based in Nashville, joins @Home as a distributor. Employees: 164
March 1997: Marcus Cable, based in Fort Worth, Tex., joins @Home as a distributor. Employees: 205
April 1997: Rogers and Shaw, the two largest Canadian cable operators, join @Home. The company also secures $48 million in private financing. Employees: 248
May 1997: @Work signs a deal with T.C.G., a commercial telephony company, and then formally launches the @Work division to provide high-speed connectivity in the workplace. Employees: 262
LDV Capital invests in people building businesses powered by visual technologies. We thrive on collaborating with deep, technical teams leveraging computer vision, machine learning, and artificial intelligence to analyze visual data. We are the only venture capital firm with this thesis. We invest at pre-seed and seed stages. Some example portfolio companies are: Clarifai, Mapillary, Unsplash, Sea Machines, Uizard, Synthesia, etc. Co-investors include Sequoia, USV, NEA, FirstMark, Lux, Menlo, and Atomico among others. Please reach out if you are building businesses powered by visual technologies.
IPO Roadshow
July 1997: @Home's Initial Public Offering raises $104 million.
September 1997: Third quarter results: 26,000 paying residential customers, 200 paying business customers. Employees: 286
December 1997: The @Home service is available in 19 major US. markets by the end of the year. The stock trades in the $20-30 range, valuing the company between $2.5 and 3.75 billion. Employees: 327
I hope to find more time to scan other images after completing some milestones at LDV Capital.
Many of you have framed photographic prints from those days. If you do, please make a high-resolution photo of your prints and email them to me with a caption. I will add them to this post. Also, please help me improve any incorrect captions, add more links to LinkedIn, or just to say hello!