Have you guys researched his days at emusic when he was the CEO? The stock price went from $35 to $0.09 in one year.
Kind of similar to the XCH price…
Emusic lost over $200 million in its last 8 month before it was bought for $0.53 per share
https://web.archive.org/web/20000616130733/http://finance.yahoo.com/q?s=EMUS&d=1y
I have no idea what was happening at that time, but this might be relevant: Dot-com bubble
It’s not, as I recall the timing.
The dot.com bubble I’m pretty sure was years before that.
Alot of tech stocks did a similar drop, look at yahoo.
Peaked at $470~ in 2000 and in 2001 went to $8~.
This was also probably a big contributor. Why spend days downloading when you can take an hour to rip from CD.
Then Chia Network must be successful. 
The trick may also lie in using the right language in communication and remaining essentially consistent in communication.
If the presentation is dubious and non-transparent, it will be difficult to establish Chia among notable strategists and serious companies.
If a product cannot fulfill the purpose that other similar products cannot fulfill, the product becomes irrelevant.
Especially since the stock market and the crypto world are very crowded and it is difficult to get started like technology companies from before or back then Bitcoin and then Ethereum.
In the crypto industry, other companies have launched after Ethereum, but the “brand” names are there and present.
All the new companies may be in the rankings, but will no longer replace this attention and areas of application, as with Bitcoin or Ethereum.
Time brought something more into the networks and everything that was improved afterwards usually remained in a smaller circle.
By the way, the Discord Chat was only developed by the inventor, to be able to communicate better with his fellow players in a Japanese multiplayer game.
Better to be loyal to the system than to superficial external ones.
No matter how good the honey tastes.
For example, there is DeDunking on YouTube.
The name itself sounds pretty anti-social, but the topic would be interesting.
However everything goes in circles and things are hyped that almost everyone already knows.
A very blunt presentation of facts and interpretations that would not lead to any progress among scientists.
It is the same with all projects in life.
With a posture like DeDunking, you can mentally move around half the planet, but you wouldn’t physically arrive at your destination.
1995-2000. The chart is right in that range.
Thanks for posting this. It is actually hard to find info on emusic as edgar searches don’t go back that far at the SEC.
I was able to find their Central Index Key so you can read the txt filings.
https://www.sec.gov/edgar/browse/?CIK=0001065013
I found this very interesting. They had basically no revenue pre IPO.
"We are a development stage company. We earned no revenue from inception through
June 30, 1998. For the year ended June 30, 1999, our revenues totaled $92,000."
Source
https://www.sec.gov/Archives/edgar/data/1065013/000101287099003644/0001012870-99-003644.txt
Gene co-founded eMusic, so I think you are missing a bit of a timeline before those $35. What you’re sharing is (amost) the whole life of one company, and all now-deceased people/companies share that inevitable ending curve.
The mission (as someone who was about 5 years old at that time, read later) was to be able to buy access to music without needing a physical copy. Licensing usage over the internet and shifting perception that every digital music is piracy. Something that was not normal back then.
And they did it.
Today, it is a no-brainer to use Spotify and pay one way or another for access to that music, but back then, they were creating this path for Spotify and others to follow later; label companies were not used to this model, and users could still pirate music for free.
eMusic was ahead of its time.
Gene is the kind of entrepreneur I appreciate a lot. He’s not going to choose the easy path because it makes the most money; he can spend time doing anything, and he makes sure it makes sense. So he’s looking for ways how to combine the mission with the profit.
This time, Chia is not ahead of its time, and this future will soon no longer exist without Chia because of all the design choices that lead to strong network effects.
Chia is also a no-brainer.
