Digital Home - Tuesday, January 31, 2006
The Longest Running Failure In Silicon Valley
ICTV was founded back in the year 1990 to build the dream of interactive TV. The company was built and funded by Gary Lauder - scion to the Estee Lauder fortune and self-styled tech-video geek. We came across Lauder when he was hatching ICTV what seemed like a decade ago - actually it was more than a decade ago - and he's still at it!
Some in the business estimate that Lauder has funnelled north of $100M of his own cash into ICTV. That would be fine if he had something to show for it, but interactive TV has finally become a business and ICTV is not a strong contender.
What motives Lauder? Fear of having to acknowledge failure to his family? An inability to give up on his own ghost? Who knows. But we plan to look back in another decade to see if ICTV is still at it.
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