[11794] in Commercialization & Privatization of the Internet
Re: For Profit Spinoffs from Univerities
daemon@ATHENA.MIT.EDU (Marc Horowitz)
Wed Apr 20 01:43:13 1994
To: tenney@netcom.com (Glenn S. Tenney)
Cc: com-priv@psi.com
In-Reply-To: [11785] in Commercialization & Privatization of the Internet
Date: Tue, 19 Apr 94 22:43:39 EDT
From: Marc Horowitz <marc@MIT.EDU>
>> I just got this info on another list and thought it MOST interesting and
>> appropriate for com-priv... Don't gripe at me, this is NOT from me:
>>
>> >Stanford currently manages access to the Internet for the San Francisco bay
>> >area. We support a large number of non-profit and corporate clients. Its
>> >currently a breakeven proposition at best. Recently, some VC's have
>> >offered to "buy" this support function from us. We're currently
>> >considering: (1) their offer, (2) maintaining the status quo, or (3)
>> >spinning off a for profit affiliated entity.
So? That's exactly what happened over here in New England. NEARnet
was actually Massachusetts Institute of Technology d.b.a. ("doing
business as") NEARnet until less than a year ago, when BBN "assumed
responsibility for NEARnet activities."
Press release available at
ftp://ftp.near.net/nearnet-press-releases/nearnet-transition-press-release
As the press release says, nothing has really changed. I hope Barrnet
is as successful when it goes commercial. (I also want to know how I
can buy stock :-)
Marc
