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Article: Beating the dot-bust and downturn: Patrick Byrne has led Overstock.com through challenging times--and the future looks bright.(from the CORNER OFFICE)(Biography)
- Article from:
- Success
- Article date:
- July 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Success Magazine. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The dot-com era was a doozy for bad business, and it is tough to single out the worst perpetrators because there were so many. So, it's impressive to see a business that not only survived that era, but is doing well in today's economy. Such is the case with Overstock.com, led by CEO Patrick Byrne.
Byrne understood that to succeed online, you have to harness the unique power of the Internet; that is, an Internet company's business proposition must be different than that of an offline company.
Byrne realized the Web offered an online opportunity that could not be easily duplicated offline in the physical world. Specifically, people looking for bargains and ...