Internet History Podcast

14. (Misc 1) The Forgotten Online Pioneer, Bill von Meister

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Apr 25, 2014
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ANECDOTE

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.
INSIGHT

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.
ANECDOTE

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.
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