
Ten years ago Hong Kong was buzzing with optimism about the Internet. PCCW made headlines for purchasing the domain name cyberworks.com for $1,000,000 U.S. dollars, and dot com hysteria quickly spread to other local businesses.
The hunger to appear up-to-date and part of the next big thing gave birth to some truly ridiculous names for Hong Kong companies. Pretty soon every advertisement featured a name with the prefix ‘e-something’, ‘i-something’ or with the word ‘cyber’ awkwardly appended. The only trouble was that most people had no clue what the Internet was useful for, or how to make a business from it.
As dot com fever reached its peak, even Central’s nightlife was affected. Often you heard people asking “Are you going to the launch party tonight?” There was even a building on Wellington Street legally rechristened ‘Dot Com House’ during those days.
It was in this frenzied environment that I first I met Casey Lau, the gregarious organizer of the upcoming StartupsHK event on August 7th. Even back then, Casey stood out as one of the few people who fathomed the power and usefulness of the Internet. (more…)