Salon Home

Nasoan Sheftel-Gomes

Thursday, Sep 7, 2000 7:00 PM UTC2000-09-07T19:00:00Zl, M j, Y g:i A T

Eclipse of an urban dot-com dream

At first Urban Box Office Network seemed like Motown meets Downtown fabulous. But then things went wrong.

ubo

When I first began working at Urban Box Office Network (UBO) a year ago, I thought I had made it to the promised land — you know, Martin Luther King Jr.’s proverbial mountaintop? Like everyone else, I was caught up in the hype. The Internet industry was allowing young, white entrepreneurs to retire at 30 with huge IPO payoffs, and everyone wanted in on the action.

In the early days of the Net revolution, start-ups targeting African-Americans struggled for financial support. Few believed urban Web sites ever would attract large enough audiences to reap profits. But with predictions that America’s increasingly multicultural population eventually would take to the Web, several start-ups, including UBO, arrived on the scene. Suddenly, there was demand for culture with a black flavor, and the venture capitalists came trolling.

Millions of this investment money financed the startup of UBO — a place where we employees, swanked out in extra-cool urban gear, feigned importance chatting on cellphones while chaos swirled around us. Even so, excitement abounded at the notion of black people in charge on the Net. This was our chance at an equal payoff.

Continue Reading

Other News