Comments on: Jim Clark Has The Miami Real-Estate Blues http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/ Startup and Technology News Sun, 06 Jul 2008 04:56:57 +0000 http://wordpress.org/?v=2.5.1 By: owner at Blue http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1929022 owner at Blue Sat, 19 Jan 2008 15:41:53 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1929022 As somebody who purchased a condo unit based on the good reputation of Jim Clark (I work for a software company and my father had business dealings in Silicon Valley with Jim Clark), I have to say it's more than bad luck or timing. All of the residents are suffering because of the corners cut and misrepresentation of Hyperion. Things you couldn't imagine; for example, the condo prospectus clearly stated we would have Bell South, but Mr. Clark and Hyperion instead signed a 10 year exclusive agreement with a VOIP provider and Bell South therefore never wired the building. Today, we are stuck with bad phone service, no choice, and a contract we were never told about. There are countless other problems in the building including many things which Hyperion simply never delivered. I was not a "flipper", I bought for a long term investment and believe in 10 years we'll be ok. But a large part of why many people bought was because of the good reputation of Jim Clark. I believed that with these guys at the helm, we had less chance of the normal kind of corruption and corner cutting you see in Miami. It turned out to be exactly the opposite. Jim Clark has enough money personally to set things right in this building, but instead he pours it into a sailboat. I think it's disgusting. As somebody who purchased a condo unit based on the good reputation of Jim Clark (I work for a software company and my father had business dealings in Silicon Valley with Jim Clark), I have to say it’s more than bad luck or timing. All of the residents are suffering because of the corners cut and misrepresentation of Hyperion. Things you couldn’t imagine; for example, the condo prospectus clearly stated we would have Bell South, but Mr. Clark and Hyperion instead signed a 10 year exclusive agreement with a VOIP provider and Bell South therefore never wired the building. Today, we are stuck with bad phone service, no choice, and a contract we were never told about. There are countless other problems in the building including many things which Hyperion simply never delivered. I was not a “flipper”, I bought for a long term investment and believe in 10 years we’ll be ok. But a large part of why many people bought was because of the good reputation of Jim Clark. I believed that with these guys at the helm, we had less chance of the normal kind of corruption and corner cutting you see in Miami. It turned out to be exactly the opposite. Jim Clark has enough money personally to set things right in this building, but instead he pours it into a sailboat. I think it’s disgusting.

]]> By: Josh http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1883911 Josh Sat, 29 Dec 2007 05:06:44 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1883911 Hey guys relax, he's less annoying than the real Steve Ballmer. ;-) Some of his comments are really funny. I'm a fan. Besides, banning people from commenting isn't the way these things work, it's a slippery slope. Hey guys relax, he’s less annoying than the real Steve Ballmer. ;-) Some of his comments are really funny. I’m a fan. Besides, banning people from commenting isn’t the way these things work, it’s a slippery slope.

]]> By: Ultimate Diligence Blog (=^ v ^=) http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1881477 Ultimate Diligence Blog (=^ v ^=) Fri, 28 Dec 2007 11:10:44 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1881477 Thanks for sharing! ^o^ hi, if you have time, go to my blog take a look, thx!!!!! ^o^ The blog have many informations, hope to able to help you!!!^^ Ultimate Diligence Blog (=^ v ^=) http://ultimatediligenceblog.blogspot.com/ Thanks for sharing! ^o^

hi, if you have time, go to my blog take a look, thx!!!!! ^o^

The blog have many informations, hope to able to help you!!!^^

Ultimate Diligence Blog (=^ v ^=)

http://ultimatediligenceblog.blogspot.com/

]]> By: Louis-Eric http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1879901 Louis-Eric Thu, 27 Dec 2007 20:57:23 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1879901 I agree, ban the guy. He's noise. A good part of the interest in a TC story can sometimes be found in the comments when the right conditions are met; this guy is inviting irrelevancy rather than quality. I agree, ban the guy. He’s noise. A good part of the interest in a TC story can sometimes be found in the comments when the right conditions are met; this guy is inviting irrelevancy rather than quality.

]]> By: Dominik SF http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1879682 Dominik SF Thu, 27 Dec 2007 19:22:23 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1879682 banfakesteve? don't you fools have anything better to do than get your pink panties in a bunch over some guy on a msg board.... anyway i am going to the beach to do a photo shoot with some babes here in FL... have fun. banfakesteve?

don’t you fools have anything better to do than get your pink panties in a bunch over some guy on a msg board….

anyway i am going to the beach to do a photo shoot with some babes here in FL… have fun.

]]> By: tools http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1879345 tools Thu, 27 Dec 2007 17:38:14 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1879345 seriously, this fake steve guy is a fucking tool. please ban him, it is really annoying checking these comments and seeing shit from that loser. get a life. seriously, this fake steve guy is a fucking tool. please ban him, it is really annoying checking these comments and seeing shit from that loser. get a life.

]]> By: Anti Fake Steve http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1878955 Anti Fake Steve Thu, 27 Dec 2007 15:23:36 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1878955 I 2nd the BanFakeSteve movement. Either get funny or get gone. I 2nd the BanFakeSteve movement. Either get funny or get gone.

]]> By: claymeadow http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1878733 claymeadow Thu, 27 Dec 2007 13:43:44 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1878733 don't people fail in real estate daily? why is this news? don’t people fail in real estate daily? why is this news?

]]> By: Peter http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1878279 Peter Thu, 27 Dec 2007 08:26:04 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1878279 Bad timing, there is only one remedy for them to turn this into profit. Start buying right now that prices are down. p.s. please ban fake Steve Ballmer, he's just a parasite leeching on TC traffic. Bad timing, there is only one remedy for them to turn this into profit. Start buying right now that prices are down.

p.s. please ban fake Steve Ballmer, he’s just a parasite leeching on TC traffic.

]]> By: other http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1878083 other Thu, 27 Dec 2007 06:25:16 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1878083 "FYI: Healtheon merged with WebMD. Combined company is called WebMD and stock symbol is Healtheon’s HLTH. Is Jim Clark a founder/co-founder of (new) WebMD? F-Yes!" WHAT? NO, if he didn't startup the original company, he is not a founder or co-founder. JESUS. Pick up a dictionary “FYI: Healtheon merged with WebMD. Combined company is called WebMD and stock symbol is Healtheon’s HLTH. Is Jim Clark a founder/co-founder of (new) WebMD? F-Yes!”

WHAT? NO, if he didn’t startup the original company, he is not a founder or co-founder. JESUS. Pick up a dictionary

]]> By: jeff nolan http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1878080 jeff nolan Thu, 27 Dec 2007 06:21:59 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1878080 The NYT article would have benefited from a little balanced reporting. This isn't a story about two SV hotshots getting run out of Dodge, as much as it is written that way. The Miami real estate market is the worst of the worst in terms of bubbly real estate markets, it's a dead zone right now with 48 months of unit inventory and 30% price erosion. Contrast that to the Bay Area where sales are down over the same period last year, considerably down, but average prices actually rose. Given how much the Miami market has cratered in the last 6 months it's safe to say that nobody is getting out without a lot of cuts and bruises. There are condo developers who are so far under water that they are boarding up unfinished developments and giving the gate keys to the bank on the way out, it's ugly. The NYT article would have benefited from a little balanced reporting. This isn’t a story about two SV hotshots getting run out of Dodge, as much as it is written that way. The Miami real estate market is the worst of the worst in terms of bubbly real estate markets, it’s a dead zone right now with 48 months of unit inventory and 30% price erosion. Contrast that to the Bay Area where sales are down over the same period last year, considerably down, but average prices actually rose.

Given how much the Miami market has cratered in the last 6 months it’s safe to say that nobody is getting out without a lot of cuts and bruises. There are condo developers who are so far under water that they are boarding up unfinished developments and giving the gate keys to the bank on the way out, it’s ugly.

]]> By: Eliot http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877938 Eliot Thu, 27 Dec 2007 04:49:36 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877938 ...and what does this have to do with a picture of one of the Panorama Towers in Las Vegas? …and what does this have to do with a picture of one of the Panorama Towers in Las Vegas?

]]> By: Diet http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877897 Diet Thu, 27 Dec 2007 04:25:28 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877897 Thats Amazing Thats Amazing

]]> By: Renter http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877794 Renter Thu, 27 Dec 2007 03:12:22 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877794 I think the general public is still in the denial phase with regards to the housing market. Not a good time to have leveraged exposure to Miami real estate: down 12.4% year over year as of October... and likely won't bottom out until at least 2009. "Visionaries", "Speculators", "Entrepreneurs" all terms seem to depend on the amount of success in hindsight. Lots of luck and survivorship bias involved... I think the general public is still in the denial phase with regards to the housing market. Not a good time to have leveraged exposure to Miami real estate: down 12.4% year over year as of October… and likely won’t bottom out until at least 2009. “Visionaries”, “Speculators”, “Entrepreneurs” all terms seem to depend on the amount of success in hindsight. Lots of luck and survivorship bias involved…

]]> By: Jon http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877432 Jon Thu, 27 Dec 2007 00:35:34 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877432 "Mo' Money, Mo' Problems" ;-) He took a gamble and although he hasn't lost yet, he is growing a few more white hairs on his head as a result. That being said, real estate has ups and downs, right now it's down... if he can "live" long enough to see the upswing... then he will be fine. Jon “Mo’ Money, Mo’ Problems” ;-) He took a gamble and although he hasn’t lost yet, he is growing a few more white hairs on his head as a result. That being said, real estate has ups and downs, right now it’s down… if he can “live” long enough to see the upswing… then he will be fine.

Jon

]]> By: will http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877426 will Thu, 27 Dec 2007 00:32:37 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877426 I'm with John McCrea. But I do believe Jim kinda lost his roots . . . instead of leading revolutions (SGI, Netscape), he seemed to be looking to ride waves (shutterfly, WebMD) . . . a subtle but important difference. Either way, the man has done more than I could ever hope to accomplish. No hating please. I’m with John McCrea. But I do believe Jim kinda lost his roots . . . instead of leading revolutions (SGI, Netscape), he seemed to be looking to ride waves (shutterfly, WebMD) . . . a subtle but important difference.

Either way, the man has done more than I could ever hope to accomplish. No hating please.

]]> By: marzipan from toledo http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877406 marzipan from toledo Thu, 27 Dec 2007 00:23:54 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877406 Actually, Jermoluk never had the "touch" for real estate. I believe it was him who paid $5.7M+ for a house in atherton in 2000, and a year later unloaded the same house for $3M. Actually, Jermoluk never had the “touch” for real estate.

I believe it was him who paid $5.7M+ for a house in atherton in 2000, and a year later unloaded the same house for $3M.

]]> By: John McCrea http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877394 John McCrea Thu, 27 Dec 2007 00:18:10 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877394 You can say a lot of things about Jim and Tom, but with respect to what they did in Silicon Valley, it was certainly not just a case of them being speculators. Jim was a visionary, who made interactive 3D a reality through the Geometry Engine chip that gave rise to Silcon Graphics, and which would revolutionize video games. (Remember the Nintendo 64? A tiny SGI machine, designed on SGI's campus back in the mid-'90's.) And Jim played a non-trivial role in the emergence of the Web, when he teamed up with Marc Andreessen to form Netscape. The fact that both companies are now remembered as much for their eventual screw-ups and decline does not detract from the invention and entrepreneurship that defines their contribution the industry. (Man, I still have to get around to writing my book on the lessons to be learned from SGI's rise and fall.) You can say a lot of things about Jim and Tom, but with respect to what they did in Silicon Valley, it was certainly not just a case of them being speculators. Jim was a visionary, who made interactive 3D a reality through the Geometry Engine chip that gave rise to Silcon Graphics, and which would revolutionize video games. (Remember the Nintendo 64? A tiny SGI machine, designed on SGI’s campus back in the mid-’90’s.) And Jim played a non-trivial role in the emergence of the Web, when he teamed up with Marc Andreessen to form Netscape. The fact that both companies are now remembered as much for their eventual screw-ups and decline does not detract from the invention and entrepreneurship that defines their contribution the industry. (Man, I still have to get around to writing my book on the lessons to be learned from SGI’s rise and fall.)

]]> By: Jim http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877376 Jim Thu, 27 Dec 2007 00:08:08 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877376 The Miami condo market has something like 5 years of inventory. Its unlikely anyone will be doing new development in Miami anytime soon. They will likely take a big hit to their net worth here and move on. People are probably suing just to get out of their money losing contracts on their condos. The Miami condo market has something like 5 years of inventory. Its unlikely anyone will be doing new development in Miami anytime soon. They will likely take a big hit to their net worth here and move on. People are probably suing just to get out of their money losing contracts on their condos.

]]> By: stone http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877336 stone Wed, 26 Dec 2007 23:46:15 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877336 Jermoluk had similar problems with bandwidth expenses back in the day. I guess I can understand his move into real estate considering his success with @Home was purely based on the bubble in the market and NOT on any record of accomplishment. His move into HARD goods makes sense and so does his failure (again). Jermoluk had similar problems with bandwidth expenses back in the day.

I guess I can understand his move into real estate considering his success with @Home was purely based on the bubble in the market and NOT on any record of accomplishment. His move into HARD goods makes sense and so does his failure (again).

]]> By: richie rich http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877309 richie rich Wed, 26 Dec 2007 23:37:23 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877309 FYI: Healtheon merged with WebMD. Combined company is called WebMD and stock symbol is Healtheon's HLTH. Is Jim Clark a founder/co-founder of (new) WebMD? F-Yes! FYI: Healtheon merged with WebMD. Combined company is called WebMD and stock symbol is Healtheon’s HLTH. Is Jim Clark a founder/co-founder of (new) WebMD? F-Yes!

]]> By: Robert http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877229 Robert Wed, 26 Dec 2007 22:58:25 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877229 Jim Clark was not a founder of WebMD, he was the founder of Healtheon who later acquired WebMD. Jim Clark was not a founder of WebMD, he was the founder of Healtheon who later acquired WebMD.

]]> By: O'Reilly Full of Shit http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877200 O'Reilly Full of Shit Wed, 26 Dec 2007 22:47:22 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877200 They are full of shit. They are full of shit.

]]> By: Avinash http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877197 Avinash Wed, 26 Dec 2007 22:46:51 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877197 Well...They should have stuck to making money from the Internet alone. Too bad real estate did not work out well for them. Well…They should have stuck to making money from the Internet alone. Too bad real estate did not work out well for them.

]]> By: BanFakeSteve http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877194 BanFakeSteve Wed, 26 Dec 2007 22:46:06 +0000 http://www.techcrunch.com/2007/12/26/jim-clark-has-the-miami-real-estate-blues/#comment-1877194 Can FakeSteve be banned from Tech Crunch Comments? Can FakeSteve be banned from Tech Crunch Comments?

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