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There was one post where I made a joke about wanting a banjo, and it was like, Ben, he s such a tyrant, he won t let me have a banjo. I don t have any instruments, and why should I buy a $300 banjo He was right, but I was trying to make him seem like this villain. The point of the joke was, Boy, she s really stupid about wanting something and he s being reasonable. And I got all these emails saying, You should leave your husband, and How much does he spend on beer in a year All these things that were such judgments. And it s like, (1) you didn t get my joke (it s really hard to translate humor on the Web), and (2) shut up, don t talk about my husband that way. That was the peak of my wanting to talk about everything. Or wanting to talk to a lot of people.
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Founder, Lycos
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Lycos was started in 1995 when CMGI s investment group, @Ventures, bought a search engine developed by Michael Mauldin at Carnegie Mellon University and Bob Davis signed on as CEO. The company grew rapidly over the next several years as Internet usage exploded. By the peak of the Internet Bubble, it was the fourth most popular site on the Web. In 2000, Lycos was acquired for $5.4 billion by Terra Networks, a subsidiary of the Spanish telephone company, Telefonica. Davis is currently a managing general partner at venture capital firm Highland Capital.
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Livingston: Lycos s original technology came out of CMU. How was the com-
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pany started
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Davis: The technology was invented back in 1994 by a brilliant computer scien-
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tist at Carnegie Mellon University named Michael Mauldin, whose nickname was Fuzzy. It was a research project, the result of a federal research grant. So it was Fuzzy by himself in a closeted office at the research lab at CMU. He knew he had something, but wasn t really sure what to do with it and didn t want to be a businessperson in a commercial entity. So he worked with CMU s Tech Transfer Office to try to sell the technology. They came across Dan Nova of CMGI, which at the time was a small, early-stage, $35 million venture capital fund, and grew into one of the most successful Internet investment firms of its era. CMGI s venture firm was founded by Dave Wetherell, who understood the magnitude of what this medium would become while most others were still learning how to spell Internet. Making a long story short, he acquired 80 percent of the company, and 20 percent of it continued to be owned by a combination of Fuzzy and Carnegie Mellon 10 percent apiece.
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Livingston: How did you get involved in the founding of Lycos Davis: I was VP of sales for an old-line technology company that sold memory
for big IBM mainframes, which wasn t a very exciting job, and I was unhappy. One day my friend Dan Nova called me just to check in socially. He told me about how he was trying to put a deal together with Carnegie Mellon for a technology and that, if he got it done, he wouldn t have a CEO. At that point he was in the early stages of thinking about the deal. I said, What about me He laughed. I said, I m serious. So we talked more about it and I worked with him as he went through the process of wrapping up the deal with Carnegie Mellon. I then joined as the CEO of a company that didn t exist yet because Carnegie Mellon still had the technology and hadn t closed the deal with CMGI. So for about a week in June of 95, I was the CEO of Lycos, but Lycos didn t exist. We had no other employees, no customers, no products.
Livingston: But you had the technology. Davis: We had the technology. But Lycos was little about the technology and all
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