It was a social networking company that made more money on its first day of trading than most people see in a lifetime.
Then the shares started falling, and as the price dropped, so did the fortunes of its investors and its co-founders.
This was TheGlobe.com.
Stephan Paternot, one of the co-founders, told CNBC Friday there are parallels to LinkedIn, another social networking site whose shares started trading Thursday at a vastly higher price than expected. However, there are also differences.
"Back in the late 1990s, even though TheGlobe had 20 million users...there were only a couple hundred million Internet users," he said. "I doubt that most of the analysts that were recommending our stock had used TheGlobe. Many of them hadn’t used the Internet and weren’t sure if the Internet would even be around."
The Internet startup was founded in 1994, and it went public in 1998. On its first day the shares jumped 1000 percent, "which was surreal," he said. "I didn’t know what was hitting me at 24 years old. It was certainly exciting."