(sub. req.): Michael Egan, who became rich founding Alamo Rent-a-Car, has a big idea for his next venture. It’s an Internet company. It’s called theglobe.com. He thinks it’s going to make him a fortune. Does any of that sound familiar?
“Theglobe.com Version 2 has an entirely different business: phone service over the Internet. At its height, the company employed nearly 300 at a sleek lower-Manhattan building. Now, it is dubbed voiceglo and has 40 employees, some sitting in rose-colored cubicles in Fort Lauderdale and 12 others in Vermont. The company isn’t doing much advertising, relying instead on word-of-mouth….”
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