Word: verticalnet
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...been redesigned by Antonio Gaudi, but deep down, AOL is about as New Age touchy-feely as a hammerlock. Sure, it used to be "ponytails, tattoos and surfboards," recalls Mark Walsh, a former senior vice president of AOL who now runs the business-to-business e-commerce site VerticalNet, but "AOL became the most aggressive company in the Internet business--and, as a result, the most successful...
...supply of these high-growth stocks out there to sate the demand of both the individuals and the institutions that want them. A slight curtailing of the new-issue pipeline, mandated by regulators as a pre-Y2K bug precaution, caused the few Business-to-Business plays out there, like VerticalNet, to soar. Stocks trade as a function of supply and demand, and right now every dotcom is Pokemon at Christmas--only in the case of stocks, the shortage won't be fixed anytime soon...
...Rotisserie League, have crash-coursed the whole 1999 new-stock lineup. We make our mistakes with phony money and save the real deal for the portfolio. Our draft may have lacked the tension of the NFL's live ESPN version, but it turned up such gems as VerticalNet, VeriSign, Commerce One and Ariba, companies that until I had to lay out 750 Gs of Rotisserie money, I couldn't do much more than ogle from afar. And in the B2B league there's no team I have to lose money on every week, as I do with the Eagles...
...better way to do business. Efficiency may not sound all that attractive to them. On the flip side, B2B companies are businesses like any other. Many will go under in the postboom shakeout that will inevitably take place. Says Mark Walsh, CEO and president of VerticalNet, a creator of 43 online industry-specific trading communities (commonly referred to as verticals): "What you see today are a lot of technology companies or single-focused verticals that are declaring war on the old way of doing business," he says. "Each of these companies claims that it is going to change forever...
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