The CDnow Story: Rags to Riches on the Internet

by Peter Kent, Jason Olim, Matthew Olim

Early in 1994, twin brothers Jason and Matthew Olim began creating CDNow, an Internet music store. Working in their parents' basement, on a shoestring budget, they took on the big companies - and won.... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0966103262
• ISBN13: 9780966103267
• Release Date: January 1998
• Publisher: Top Floor Publishing
• Length: 236 Pages
• Weight: 0.90 lbs.
• Dimensions: 0.7" x 6.1" x 9.0"

Customer Reviews

A fascinating story of an idea turning into a business.

If you want to understand what's involved with starting an internet business from scratch, this book will provide a detailed look at how CDnow became successful, despite humble beginnings. The story of Jason and Matthew Olim's business, from concept to profitable operation, is fascinating, and instructive for entrepreneurs and corporate types alike. With the able guiding hand of Peter Kent (the journalist/author) this book is well-written and easy to read. I'd recommend it highly.

Kids, don't try this at home....unless you read this first.

Jason and Matthew Olim, along with veteran Internet writer Peter Kent, have done a marvelous job of documenting the meteoric rise of the Internet's number one online music service. The CDNow Story takes the reader from the conceptualization stage, through the rocky startup, into the current stabilization and growth phase, and finishes with a look to the future. While this story chronicles a music-oriented business, parallels can be drawn to just about any business or industry.The CDNow Story begins just five years ago with an idea that Jason Olim had about starting a music distribution business online. Joined by childhood and college friends, as well as his twin brother Matthew, this unlikely group gave birth to CDNow in the basement of their parents' home. Using a cobbled together collection of computers and networking hardware, they built the initial iteration of the CDNow system. Not only were they met with a challenge of putting together the hardware, but also the software that goes along with such an endeavor. This was years before your average computer store even had a shelf full of Internet books. Most of what they used as part of their system, was written by either one of the brothers, or one of the band of friends that followed the Olims. Add to the rest of the success is the supportive parents, often maxing out their credit cards to support the CDNow corporation. Once the Olims had their prototype system up and functioning, the unanticipated growth presented very interesting problems. Moving from the basement to a less than suitable office, these two novice entrepreneurs continued to move forward, taking on a tremendously steep learning curve along the way. Many lessons were learned the hard way, from the basic facts that it takes money to make money...to the fact that there's a time and a place for a ponytail and sneakers in big business. Meeting with venture capitalists is one of those places where trips to the barber shop and shoeshine center make sense. The lessons learned might have been painful and sometimes embarrassing, but the brothers' Olim were able to find the expertise they lacked in order to make the business self sustaining. Like Ronald Reagan, these young men surrounded themselves with the expertise they would need to go forth and slay dragons, real or imagined.The CDNow Story preaches very sound Internet commerce principles. These principles go to the heart of another book by Peter Kent, Poor Richard's Web Site. The key concept covered champions the merit of providing Internet Web Surfers exceptional content and a reason to return to the site. It fights the notion that a cool website will bring in lots of money and surfers. The truth of the matter is that there are still many web surfers out there still using 56K or slower modems...and they are not willing to wait the length of time many web sites take to load. Due to current downloading bandwidth restrictions, th

Brilliant insight into starting up an online business

I found the CDnow Story facinating. It told the story of how two young men followed a dream to develop a highly successful and innovative business with virtually nothing but their instinct and dedication. They were the true pioneers of online shopping, which spurred on many other online shopping enterprises. The Olim brothers had a fantastic intuition about the powers of the Internet, and created a business that many have attempted to follow.