Summary of The Inside Story of BitTorrent’s Bizarre Collapse

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

The Inside Story of BitTorrent’s Bizarre Collapse summary
Start getting smarter:
or see our plans

Rating

7

Qualities

  • Background
  • Overview

Recommendation

What happens when a brilliant piece of technology can’t find a profitable business niche? Consider the case of the BitTorrent protocol – one of the most common protocols for file sharing on the Internet. Journalist Jessi Hempel digs into the strange history of BitTorrent, the company created to monetize Bram Cohen’s groundbreaking invention. In tracing the many attempts by an ever changing cast of executives and investors to transform the BitTorrent protocol into a successful company, Hempel constructs a kind of morality tale for tech entrepreneurs. getAbstract recommends this article to tech investors, executives and inventors.

About the Author

Jessi Hempel is the head of editorial for Backchannel. She writes about the business and the culture of technology.

 

Summary

When computer programmer Bram Cohen invented his open-source BitTorrent protocol – which turns massive files into small pieces, sends those pieces through a peer-to-peer network and then rebuilds them – he revolutionized the world of data sharing. Surely, Cohen thought, he could leverage this tech to turn a profit. In 2004, he founded the BitTorrent company and raised $8.75 million from venture capital firm Doll Capital Management (DCM) to launch a platform that would allow people to sell bandwidth-intensive content. Unfortunately, the venture floundered...


More on this topic

By the same author

Seth Meyers on Nurturing Talent
8
Sheryl Sandberg's Accidental Revolution
8
Boss Ladies
8

Customers who read this summary also read

How the Euro Could Break Up – or Be Saved
8
The Most Powerful Person in Silicon Valley
7
Scotland’s Unicorn Hunter
8
The Other Tech Bubble
7
This Is How Sexism Works in Silicon Valley
8
The Internet of Hate
8

Related Channels

Comment on this summary