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Todd Krizelman and Stephan Paternot

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THEN: TheGlobe.com Founders (1994)
NOW: CEO of MagazineRadar; Head of Actarus Funds

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Before Facebook and Friendster, there was TheGlobe.com, started by Cornell juniors Todd Krizelman and Stephan Paternot in 1994. As the Internet bubble grew, the pair made history with the largest first-day gain of any IPO up until that date in November 1998. They became paper millionaires and made appearances on Oprah and Charlie Rose (see clip, particularly @8:50 for Krizelman's prescient statement about social networking).

After the bubble burst, Krizelman went to Harvard Business School, followed by a position at Gruner+Jahr in New York and Barcelona. While at the magazine publisher, he came up with an idea for his next venture: MagazineRadar, a tool that helps publishers manage and find advertisers, which he founded in 2006. “[It’s] like a Bloomberg terminal, but for magazines,” he wrote in an email to SAI. Clients include Vogue, Esquire and Ladies’ Home Journal. Krizelman also got married last month.

Paternot left The Globe in 2000 and wrote a book about his experience. He then tried a stint at acting and film production, working on Palmstar Entertainment. Paternot now runs the Actarus Funds, a series of tech funds that provide seed stage investments to second- or third-generation entrepreneurs.

Reflecting on the halcyon days of the dot.com bubble, Paternot said in an interview with SAI: “It was one of the best experiences I’ve ever had – a crash course in living. We were in uncharted territory, and I feel validated by the way in which MySpace and Facebook have taken off. Nobody questions the value of online social networking and community anymore, and it was exciting to be a part of the first generation.”

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