DEBRIS.COMgood for a laugh, or possibly an aneurysm

Wired’s Googlemania is a collection of 10 stories about Google. It offers short takes on several interesting facets of the Google story, like Google vs. Microsoft, 3rd-party Google API apps, PageRank-killing comment spam.

The opening piece, “Surviving IPO Fever,” contains a list of IPO cautionary tales: sudden wealth going wrong, culled from longtime members of the Silicon Valley community:

• The mousy guy in accounting who dumps his mousy wife and runs off to Mexico with the admin.
• The lonely programmer who goes off to a men’s club to celebrate his new wealth and marries a stripper he meets there.
• The sober family man who, upon discovering that he’s half-Native American, renounces his US citizenship and moves to an Indian reservation so he won’t have to pay taxes.
• The programmer who quits, buys the sports car of his dreams, crashes, loses everything in the resulting personal-injury lawsuit, and ends up broke, back in his old job.
• The senior executive who takes his new wealth up into Los Altos Hills and spends the next decade putting the money up his nose one gram at a time.

Another great story of the darker side of IPOs comes from Jeff Skoll, eBay’s first employee:

“Before [eBay] went public, I used to send out a company-wide joke each day, just as a way of loosening things up,” says Skoll. “The day after the IPO, I sat down at my computer to write that day’s joke and in walked the general counsel. He says to me, ‘You know that joke of the day thing? I think it’s very funny.’ Gosh, thank you, I replied. ‘Well, stop it,’ he said. ‘We are a public company now, and we don’t want to offend anyone. If you want to keep sending out jokes, they can only be about lawyers.’ So I tried sending out lawyer jokes for two weeks - and then I gave up.”