Focus
LiveOnTheNet focuses on using
Internet technologies to meet consumers' and businesses' exploding demand
for digital services and media..
Senior Management
Corporate History
LiveOnTheNet.com
(LOTN) was founded in 1984 in Huntsville, AL, and was a regional leader in
the sale of PCs and Local Area Networks. In the early 1990s, working with
federal technology agencies based in Huntsville, the Company began
pioneering the Internet prior to its commercialization. In 1994, we became a
commercial ISP offering dial-up access and Web hosting.
Reacting to the
hot Internet IPO market, in 1996, the Company sold 75% of its equity to
Thermo Electron (TMO), an internationally recognized tech incubator who had
successfully taken 23 subsidiaries public. The investment was made at a $2
million valuation with a contractual target set for a TMO-led IPO within
three years.
In 1999, Thermo
sold its 75% share of the Company to Divine Interventures (DVIN) for $15
million, yielding a valuation of $20 million within three years after its
initial purchase.
By 1999, LOTN
had established itself as a leader in the production and distribution of
live, streaming media “webcasts”. The Company had produced the first
live webcast from Carnegie Hall, for Sir Paul McCartney, as well as the
first webcast from the Grand Ol’ Opry in Nashville. In addition, LOTN
produced the webcast from the 1996 Democratic National Convention, which
Eric Schmidt, then CTO of Sun, called the event the “largest aggregation
of real time content in Web history”.
Perhaps more
importantly, LOTN had developed a successful revenue model providing Web
services to small businesses. These services included providing targeted
advertising on the Company’s multimedia events as well as other
proprietary technologies designed to maximize local web exposure.
In May 2001, the
management team of LOTN negotiated their purchase of a majority of LOTN’s
common stock and control of the Company.
During 2002-03,
LOTN continued its expansion in its core areas producing thousands of live
Internet broadcasts that included professional and college sports as well as
music.
In 2004, LOTN
launched its new LiveSupport (LS) product providing 24/7 technical support
to consumers throughout the US. A
highly successful venture, LS continues to grow and remains profitable.
In 2005, LOTN
continues to develop new and timely Internet products that fill the emerging
needs of the entertainment industry, small business, and consumers.
Revenue growth continues at double-digit rates.
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