Summer 2000 @ucla.com
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the dot-com craze has generated criticism for creating a class of
self-centered young millionaires, the Anderson M.B.A.s entering
the Internet world appear to be motivated less by crass materialism.
Henry will make about $80,000 a year, plus stock options. While
that's hardly poverty wages, it also is well below the obscene amounts
of cash some dot-com types are raking in.
definitely an emphasis on what makes you happy," Henry says
of her classmates. "I live with two Anderson students. Neither
one of them have jobs. If you accept a job with these dot-coms,
they want you to hit the ground running. Because of the economy
and the amount of work that goes into the degree, it's a great time
to be graduating."
entrepreneurs may be running the world, but the world also is running
them. Take Judy MacDonald M.B.A. '88, the CEO of Kibu.com, the new
digital hangout for teen girls that launched May 1 with $22 million
in funding from venture capitalists like Netscape cofounder Jim
talking on her cell phone as she commutes from her San Francisco
home to Kibu's Redwood City headquarters. "Can you call me
back in five to seven minutes?" asks the preternaturally calm
38-year-old executive. "I need to get gas."
the cell phone, MacDonald's gotten gas and had the car washed. She's
also fielded another call, with an Anderson professor, as it turns
out. "It's a good thing I answered the phone," she laughs.
"That was Bill Cockrum. He always scared me because he was
so intimidating. I just called him yesterday. We're looking for
a director of finance, so he was calling me about candidates."
talking on her cell phone, MacDonald calls her assistant on her
car phone. "Cynthia, it's Judy. I'm trying to send a fax. Can
you call me?" A few minutes later, the assistant has called,
the fax has been sent. MacDonald, sounding somewhat mortified by
all this high-tech activity, apologizes. "This is the first
time I've ever used both at once," she explains of the phones.
"One came with the car."
reflects an alternate face of the Internet generation. Seasoned,
more well-rounded. She's worked for a large company but also has
run her own business. For seven years, she was marketing manager
for Hewlett-Packard's multi-billion-dollar Deskjet Printer Division.
After growing disenchanted with HP's rigid corporate structure,
she left to cofound, with another Anderson grad, PrintPaks, a company
that produced multimedia craft kits for families. In January 1998,
they sold the company to Mattel. Although the products were great,
"We should have raised more money in the second round. We didn't
have enough money for marketing, so people hadn't heard of us."