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The New New Thing : A Silicon Valley Story, by Michael Lewis
Free Ebook The New New Thing : A Silicon Valley Story, by Michael Lewis
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Amazon.com Review
Michael Lewis was supposed to be writing about how Jim Clark, the founder of Silicon Graphics and Netscape, was going to turn health care on its ear by launching Healtheon, which would bring the vast majority of the industry's transactions online. So why was he spending so much time on a computerized yacht, each feature installed because, as one technician put it, "someone saw it on Star Trek and wanted one just like it?" Much of The New New Thing, to be fair, is devoted to the Healtheon story. It's just that Jim Clark doesn't do startups the way most people do. "He had ceased to be a businessman," as Lewis puts it, "and become a conceptual artist." After coming up with the basic idea for Healtheon, securing the initial seed money, and hiring the people to make it happen, Clark concentrated on the building of Hyperion, a sailboat with a 197-foot mast, whose functions are controlled by 25 SGI workstations (a boat that, if he wanted to, Clark could log onto and steer--from anywhere in the world). Keeping up with Clark proves a monumental challenge--"you didn't interact with him," Lewis notes, "so much as hitch a ride on the back of his life"--but one that the author rises to meet with the same frenetic energy and humor of his previous books, Liar's Poker and Trail Fever. Like those two books, The New New Thing shows how the pursuit of power at its highest levels can lead to the very edges of the surreal, as when Clark tries to fill out an investment profile for a Swiss bank, where he intends to deposit less than .05 percent of his financial assets. When asked to assess his attitude toward financial risk, Clark searches in vain for the category of "people who sought to turn ten million dollars into one billion in a few months" and finally tells the banker, "I think this is for a different ... person." There have been a lot of profiles of Silicon Valley companies and the way they've revamped the economy in the 1990s--The New New Thing is one of the first books fully to depict the sort of man that has made such companies possible. --Ron Hogan
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From Publishers Weekly
While it purports to look at the business world of Silicon Valley through the lens of one man, that one man, Jim Clark, is so domineering that the book is essentially about Clark. No matter: Clark is as successful and interesting an example of Homo siliconus as any writer is likely to find. Lewis (Liar's Poker) has created an absorbing and extremely literate profile of one of America's most successful entrepreneurs. Clark has created three companiesASilicon Graphics, Netscape (now part of America Online) and HealtheonAeach valued at more than $1 billion by Wall Street. Lewis was apparently given unlimited access to Clark, a man motivated in equal parts by a love of the technology he helps to create and a desire to prove something to a long list of people whom he believes have done him wrong throughout his life (especially his former colleagues at Silicon Graphics). As Lewis looks at the various roles of venture capitalists, entrepreneurs and programmers and at how these very different mindsets fit together in the anatomy of big deals, he gives readers a sense of how the Valley works. But the heart of the book remains Clark, who simultaneously does everything from supervise the creation of what may be the world's largest sloop to creating his fourth company (currently in the works). Lewis does a good job of putting Clark's accomplishments in context, and if he is too respectful of Clark's privacy (several marriages and children are mentioned but not elaborated on), he provides a detailed look at the professional life of one of the men who have changed the world as we know it. (Oct.) Copyright 1999 Reed Business Information, Inc.
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Product details
Hardcover: 272 pages
Publisher: W. W. Norton & Company; First Edition (stated) edition (October 1999)
Language: English
ISBN-10: 0393048136
ISBN-13: 978-0393048131
Product Dimensions:
6.5 x 1 x 9.6 inches
Shipping Weight: 1.3 pounds (View shipping rates and policies)
Average Customer Review:
4.1 out of 5 stars
319 customer reviews
Amazon Best Sellers Rank:
#304,375 in Books (See Top 100 in Books)
Lewis has a genuine gift for taking complex concepts (as he did in Moneyball, Boomerang, and Liar's Poker) and breaking it down in a narrative format that manages to convey a maximum amount of meaning into the story. In "The New New Thing" Lewis focuses on Jim Clark's ascent in the world of Silicon Valley entrepreneurship and Clark's persistent pursuit of the titular "new new thing."Explaining the how's, why's, and differences between the old way of doing things and the new (or new new) way of doing things can be tricky, because it assumes you have some understanding of how the old (or old old) way of doing things works. I'm not a Wall Street investor, but I felt not only capable of understanding Lewis' framework of explanation, but I felt like I could extrapolate deeper meaning from it. He manages to paint fascinating pictures of all the people involved in the pursuit of the new new thing and how their constellation manages to orbit itself as it becomes standard operating practice in the growing tech industry.I also felt like I could better understand how the minds of billionaire "executives" (as Lewis points out, Jim Clark wasn't exactly sure how to describe exactly what it was he does) and how they anticipate the next new new thing, why it interests them, and how quickly it starts to lose their interest. If you can understand someone like Clark, you can start to understand the industry.
It is difficult to rate this book. While it is entertaining and somewhat informative and Michael Lewis writes well and tells a good tale--I've read nearly all his books--this is still his WORST book.Does that that mean I wouldn't recommend it? No! I still liked it, and would recommend it as a "good" read, I was disappointed because I expect a "great" read from this author.
This book was a 'can't put it down' experience for me, with big, earth shaking events happening in the history story I read. Even people and companies who were outside the rarified circle described in the book were also infused with a powerful sense of direction, purpose, and energy that resulted from being in an environment that practically SCREAMED more, faster, and better. I really liked this book! Brought back memories of a time in my life when I was crazy busy and seriously happy.
Fealt like a school age crush on a vapid powerful man, devoid of any humanity - I resented getting to know him and his version of what matters
I have read three Michael Lewis books, Liar's Poker, Flash Boys and The New New Thing so I obviously like Michael Lewis. The general theme of these three books is the greed and corruption of our financial system.One reviewer felt that Jim Clark was deified and no negative information was given but I disagree with that assessment. I saw Clark as a man with above average talent who learned to game the system to become super rich. It is sad to see someone with lots of money...all he will ever need for several lifetimes...who can't be content because he "needs" to have a larger number.
y least favorite of the in-depth Lewis books, but that's not saying much. Unlike Liar's Poker, which Lewis thought would bring sweeping change by bringing some sketchy practices to light but still rings true, The New New Thing feels dated now, 10 years later. Nonetheless, as someone who understood the late 1990s tech boom only peripherally, this book was insightful, both in terms of those companies' business models (or lack thereof, as the case may be) and some of the relevant personalities. (Still important: Larry Ellison, John Doerr)Although I doubt commercial interest warrants, this book could use an updated epilogue, particularly surrounding Healtheon/WebMD, which I have to think does not at all match the original vision.As usual, very well written and engaging; always the case with Lewis. I didn't find Jim Clark as sympathetic as I think I was intended to, and as a result some of the chapters focused on him personally (especially his flying a helicopter, and sailing his boat across the Atlantic) dragged a bit.
It's true: this book IS mostly about Hyperion, Jim Clark's huge sailboat, but then again, the book is mostly about Clark himself. If you know how Lewis writes, it's a thread here and there, that weave and become this lively patchwork of ideas and facts, and, in the end, you have a profile of the Valley and one of the main characters that created its allure.Lewis is a master of engaging character portrayals, with intoxicating and hyperbolic prose. He plays objective narrator throughout, sometimes interfering with the plot, but holds no punches in describing Clark's maniacal quest for wealth.In the end, there is a wonderful demonstration that wealth doesn't bring happiness with it. From p. 258: "Why do people perpetually create for themselves the condition for their own dissatisfaction?" -- an retort to Clark's statement that "Once I have more money than Larry Ellison, I'll be satisfied". A few years earlier, satisfaction for Clark amounted to a measly $10 million on the bank; that number mushroomed to $1 billion.Throughout, Lewis conveys the feeling of the Internet bubble of the late 90s; the wealthy, controlling venture capitalists; the insanely-priced IPOs for companies that had no clue how to make money. So yes, that's all a bunch of old old things by now, and if I were looking for a historical account of that period, the book would be worth only 4 stars; yet, I was going for the portrait of Clark, and for those who lived through it, the book is a good behind the scenes look at the creation of Silicon Graphics, Netscape, and Healtheon.
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