It was 1998.
I was sitting in a room of analyst reviewing an internet project. All the analyst loved it. Our manager shot it down saying, “No one will ever watch TV over the internet or on their computer”. He left the room to write a note to turn down the person that submitted the idea…A year later Broadcast.com sold for a billion dollars ($5.9 to be exact) and started the movement toward what is now the framework for YOUTube and a host of other online streaming websites. OH Yeah, Two popular Dallas Billionaires were created in a single sale of their business startup. Right idea, wrong room.