
Internet History Podcast 14. (Misc 1) The Forgotten Online Pioneer, Bill von Meister
19 snips
Apr 25, 2014 AI Snips
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Serial Founder With Rapid Turnovers
- William von Meister repeatedly founded short-lived companies and pursued big ideas across industries from liquor distribution to computerized mail and FM data networks.
- He typically spent only one to two years per company and quickly moved on to new ventures while investors cleaned up or ousted him.
Phone Network + Home PCs Made Consumer Online Viable
- The Source envisioned consumer online services by piggybacking on the ubiquitous telephone network and the emerging home PC as terminals.
- von Meister negotiated deeply discounted PSN rates by offering overnight usage windows, cutting network cost dramatically.
Early Consumer Online Service Signed Big Media Partners
- The Source launched in 1979 with major content partners like The New York Times and Dow Jones and reached 80,000 subscribers at its peak.
- von Meister was pushed out before Reader's Digest later acquired the service, but he walked away with a $1M parachute.
