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Michael Lewis
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The New New Thing : A Silicon Valley Story Hardcover – October 1, 1999

by Michael Lewis (Author)
4.3 4.3 out of 5 stars 2,225 ratings
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In the weird glow of the dying millennium, Michael Lewis sets out on a safari through Silicon Valley to find the world's most important technology entrepreneur, the man who embodies the spirit of the coming age. He finds him in Jim Clark, who is about to create his third, separate, billion-dollar company: first Silicon Graphics, then Netscape-which launched the Information Age-and now Healtheon, a startup that may turn the $1 trillion healthcare industry on its head.

Despite the variety of his achievements, Clark thinks of himself mainly as the creator of Hyperion, which happens to be a sailboat . . . not just an ordinary yacht, but the world's largest single-mast vessel, a machine more complex than a 747. Clark claims he will be able to sail it via computer from his desk in San Francisco, and the new code may contain the seeds of his next billion-dollar coup.

On the wings of Lewis's celebrated storytelling, the reader takes the ride of a lifetime through this strange landscape of geeks and billionaires. We get the inside story of the battle between Netscape and Microsoft; we sit in the room as Clark tries to persuade the investment bankers that Healtheon is the next Microsoft; we get queasy as Clark pits his boat against the rage of the North Atlantic in winter. And in every brilliant anecdote and character sketch, Lewis is drawing us a map of markets and free enterprise in the twenty-first century.
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  1. Print length
    272 pages
  2. Language
    English
  3. Publisher
    W. W. Norton & Company
  4. Publication date
    October 1, 1999
  5. Dimensions
    6.5 x 1 x 9.6 inches
  6. ISBN-10
    0393048136
  7. ISBN-13
    978-0393048131
  8. See all details
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Editorial Reviews

Amazon.com Review

Michael Lewis was supposed to be writing about how Jim Clark, the founder of Silicon Graphics and Netscape, was going to turn health care on its ear by launching Healtheon, which would bring the vast majority of the industry's transactions online. So why was he spending so much time on a computerized yacht, each feature installed because, as one technician put it, "someone saw it on Star Trek and wanted one just like it?"

Much of The New New Thing, to be fair, is devoted to the Healtheon story. It's just that Jim Clark doesn't do startups the way most people do. "He had ceased to be a businessman," as Lewis puts it, "and become a conceptual artist." After coming up with the basic idea for Healtheon, securing the initial seed money, and hiring the people to make it happen, Clark concentrated on the building of Hyperion, a sailboat with a 197-foot mast, whose functions are controlled by 25 SGI workstations (a boat that, if he wanted to, Clark could log onto and steer--from anywhere in the world). Keeping up with Clark proves a monumental challenge--"you didn't interact with him," Lewis notes, "so much as hitch a ride on the back of his life"--but one that the author rises to meet with the same frenetic energy and humor of his previous books, Liar's Poker and Trail Fever.

Like those two books, The New New Thing shows how the pursuit of power at its highest levels can lead to the very edges of the surreal, as when Clark tries to fill out an investment profile for a Swiss bank, where he intends to deposit less than .05 percent of his financial assets. When asked to assess his attitude toward financial risk, Clark searches in vain for the category of "people who sought to turn ten million dollars into one billion in a few months" and finally tells the banker, "I think this is for a different ... person." There have been a lot of profiles of Silicon Valley companies and the way they've revamped the economy in the 1990s--The New New Thing is one of the first books fully to depict the sort of man that has made such companies possible. --Ron Hogan

From Publishers Weekly

While it purports to look at the business world of Silicon Valley through the lens of one man, that one man, Jim Clark, is so domineering that the book is essentially about Clark. No matter: Clark is as successful and interesting an example of Homo siliconus as any writer is likely to find. Lewis (Liar's Poker) has created an absorbing and extremely literate profile of one of America's most successful entrepreneurs. Clark has created three companiesASilicon Graphics, Netscape (now part of America Online) and HealtheonAeach valued at more than $1 billion by Wall Street. Lewis was apparently given unlimited access to Clark, a man motivated in equal parts by a love of the technology he helps to create and a desire to prove something to a long list of people whom he believes have done him wrong throughout his life (especially his former colleagues at Silicon Graphics). As Lewis looks at the various roles of venture capitalists, entrepreneurs and programmers and at how these very different mindsets fit together in the anatomy of big deals, he gives readers a sense of how the Valley works. But the heart of the book remains Clark, who simultaneously does everything from supervise the creation of what may be the world's largest sloop to creating his fourth company (currently in the works). Lewis does a good job of putting Clark's accomplishments in context, and if he is too respectful of Clark's privacy (several marriages and children are mentioned but not elaborated on), he provides a detailed look at the professional life of one of the men who have changed the world as we know it. (Oct.)
Copyright 1999 Reed Business Information, Inc.

Product details

  • Publisher ‏ : ‎ W. W. Norton & Company; First Edition (stated) (October 1, 1999)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 272 pages
  • ISBN-10 ‏ : ‎ 0393048136
  • ISBN-13 ‏ : ‎ 978-0393048131
  • Item Weight ‏ : ‎ 1.3 pounds
  • Dimensions ‏ : ‎ 6.5 x 1 x 9.6 inches
  • Customer Reviews:
    4.3 4.3 out of 5 stars 2,225 ratings

About the author

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Michael Lewis

Michael Lewis

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Michael Lewis, the best-selling author of The Undoing Project, Liar's Poker, Flash Boys, Moneyball, The Blind Side, Home Game and The Big Short, among other works, lives in Berkeley, California, with his wife, Tabitha Soren, and their three children.

Customer reviews

4.3 out of 5 stars
2,225 global ratings

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Customers say

Customers find the book easy to read and enjoyable. They praise the storytelling as engaging and inspiring. The writing quality is praised as well-written and captivating. Readers appreciate the rich imagery and candid look at Silicon Valley's creation. They find the characters interesting and the humor entertaining. However, some feel the pacing is too fast or rushed, which can ruin the story.

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ReadabilityStory tellingWriting qualityImage qualityPersonalityHumorBook contentPacing
80 customers mention "Readability"80 positive0 negative

Customers find the book informative and engaging. They appreciate the well-written vignettes and interesting storyline. Readers also mention it's an enjoyable read that provides enough information to make personal decisions.

"Very insightful about Silicon Valley and the inners of the tech industry" Read more

"...It’s also a historical perspective written in the past without the benefit of knowing what we know now so that can be a little frustrating at times,..." Read more

"...Lewis is a master of engaging character portrayals, with intoxicating and hyperbolic prose...." Read more

"There are two reasons why Liar's Poker was such a great book. First, it profiled some of the greatest characters of Wall Street during the 1980's...." Read more

34 customers mention "Story telling"31 positive3 negative

Customers find the story engaging and well-told. They appreciate the author's storytelling skills and find the book an inspiring account of hard work and history of Silicon Valley. The book provides valuable insights into the dynamics underlying the business world and Jim Clark's accomplishments.

"...Micheal Lewis fan as the imagery is as rich and the story is as enrapturing as his other books." Read more

"I really enjoyed the story line here...." Read more

"...Michael Lewis brings the characters to life and is thoughtful about the dynamics underlying the Silicone Valley boom" Read more

"...The story telling here is still very strong and my appreciation for Michael Lewis continues to grow." Read more

28 customers mention "Writing quality"28 positive0 negative

Customers find the book engaging and well-written. They describe it as a quick read with an interesting subject and Lewis' whimsical writing style. The book is informative and understandable, making it a great choice for readers.

"...a master of engaging character portrayals, with intoxicating and hyperbolic prose...." Read more

"Entertaining and informative. Lewis is a great writer for those who want to read, but never seem to read books...." Read more

"...As usual, very well written and engaging; always the case with Lewis...." Read more

"Michael Lewis knows Silicon Valley and he's an excellent writer. That said, I got a belly full of Jim Clark in this book...." Read more

8 customers mention "Image quality"8 positive0 negative

Customers appreciate the book's images. They say it provides a good behind-the-scenes look at the creation of Silicon Valley. The candid portrait of Clark offers an interesting look at the past and the relationship between Silicon Valley cowboys and venture capitalists.

"...I’d recommend the book if you’re a Micheal Lewis fan as the imagery is as rich and the story is as enrapturing as his other books." Read more

"...of Clark, and for those who lived through it, the book is a good behind the scenes look at the creation of Silicon Graphics, Netscape, and Healtheon." Read more

"...He manages to paint fascinating pictures of all the people involved in the pursuit of the new new thing and how their constellation manages to orbit..." Read more

"A great look at the relationship between Silicon Valley cowboys & venture capitalists." Read more

8 customers mention "Personality"8 positive0 negative

Customers find the book interesting. They appreciate the profiles of key characters in the digital landscape.

"...Lewis is a master of engaging character portrayals, with intoxicating and hyperbolic prose...." Read more

"...First, it profiled some of the greatest characters of Wall Street during the 1980's. Secondly, Lewis was very critical of Solomon...." Read more

"...internet revolution, granting the spotlight to one of the most interesting characters...." Read more

"not his best but interesting as always. profiles of a few key characters dotting the digital landscape. good vignettes. enjoy." Read more

7 customers mention "Humor"7 positive0 negative

Customers enjoy the humor in the book. They say it has some great laugh-out-loud moments and is entertaining.

"...While there are some great split-your-gut laughing moments, there weren't nearly as many as in LP...." Read more

"...It's not often you read a biography that is serious and funny at the same time. There's humor. There's turmoil. There's bitter truth...." Read more

"Really engaging book. Older book, but solid read. Funny & entertaining...." Read more

"Lewis writes with a great,sarcastic sense of humor while describing the Silicon Valley technology boom in laymans terms...." Read more

10 customers mention "Book content"6 positive4 negative

Customers have different views on the book's content. Some find it a must-read for entrepreneurs, with an insightful look at Jim Clark's relationship with venture capitalists and the tech industry. Others feel the subject is not as interesting as previous books by Lewis, lacking comprehensiveness, and lacking academic value.

"Amazing book! Jim Clark was a stud. Must read for entrepreneurs." Read more

"This book is just a fun read. It is not an academic book, and Lewis does love to dwell on the excesses or silly points, but Lewis captures better..." Read more

"...take on the psyche of a successful entrpreneur and his relationship with venture capitalists...." Read more

"...But I could not like the book's subject, either Jim Clark or the tech boom, both striking me as somewhat obscene...." Read more

8 customers mention "Pacing"2 positive6 negative

Customers find the pacing of the book too fast or rushed. They feel the story drags on and ends abruptly. The narration also seems too fast for some readers.

"...dragged a bit." Read more

"...but the book doesn't live up to his abilities and thus feels a bit rushed and incomplete (perhaps for the christmas book-buying season?)...." Read more

"Michael Lewis does call out early that the book was done relatively quickly (as he was working on a separate project before writing this)...." Read more

"Interesting. But the guy reading the book talks way to fast. Way way to fast. Kind of ruins the story." Read more

Top reviews from the United States

  • Amazon Customer
    5.0 out of 5 stars A great read
    Reviewed in the United States on December 14, 2024
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    Very insightful about Silicon Valley and the inners of the tech industry
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  • Jim Wynkoop
    4.0 out of 5 stars Great Story Told by a Great Story Teller
    Reviewed in the United States on August 12, 2022
    Verified Purchase
    This is a story about the dawning of the Internet as we know it. It is the story of Jim Clark and his whims, his thoughts, and ideas that shaped the world of Silicon Valley and the world beyond. It’s also a historical perspective written in the past without the benefit of knowing what we know now so that can be a little frustrating at times, but these are instances of exception rather than overwhelming and do not impact the power of the story. I’d recommend the book if you’re a Micheal Lewis fan as the imagery is as rich and the story is as enrapturing as his other books.
    One person found this helpful
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  • Marcelo P. Lima
    5.0 out of 5 stars Jim Clark, Hyperion & the Internet Bubble
    Reviewed in the United States on June 2, 2001
    Verified Purchase
    It's true: this book IS mostly about Hyperion, Jim Clark's huge sailboat, but then again, the book is mostly about Clark himself. If you know how Lewis writes, it's a thread here and there, that weave and become this lively patchwork of ideas and facts, and, in the end, you have a profile of the Valley and one of the main characters that created its allure.
    Lewis is a master of engaging character portrayals, with intoxicating and hyperbolic prose. He plays objective narrator throughout, sometimes interfering with the plot, but holds no punches in describing Clark's maniacal quest for wealth.
    In the end, there is a wonderful demonstration that wealth doesn't bring happiness with it. From p. 258: "Why do people perpetually create for themselves the condition for their own dissatisfaction?" -- an retort to Clark's statement that "Once I have more money than Larry Ellison, I'll be satisfied". A few years earlier, satisfaction for Clark amounted to a measly $10 million on the bank; that number mushroomed to $1 billion.
    Throughout, Lewis conveys the feeling of the Internet bubble of the late 90s; the wealthy, controlling venture capitalists; the insanely-priced IPOs for companies that had no clue how to make money. So yes, that's all a bunch of old old things by now, and if I were looking for a historical account of that period, the book would be worth only 4 stars; yet, I was going for the portrait of Clark, and for those who lived through it, the book is a good behind the scenes look at the creation of Silicon Graphics, Netscape, and Healtheon.
    21 people found this helpful
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  • Joseph Adler
    3.0 out of 5 stars Needs Cynicism
    Reviewed in the United States on November 22, 1999
    Verified Purchase
    There are two reasons why Liar's Poker was such a great book. First, it profiled some of the greatest characters of Wall Street during the 1980's. Secondly, Lewis was very critical of Solomon. Reading "Liar's Poker" makes you think about how ridiculous traders' views of the world were in the late 1980s.
    The problem with "The New New Thing" is that Michael Lewis is not critical enough of Jim Clark. Jim Clark certainly was generous to Michael Lewis by letting him tag along on so many of his adventures, and it would probably have been inapproriate for Lewis to be more critical of his subject. But, this doesn't make it an interesting book.
    If you're looking for the "Liar's Poker" of the Internet, try Michael Wolf's "Burn Rate," or Po Bronson's "Nudist on the Late Shift," both of which contain much more interesting people, much more information about the internet revolution, and much more cynicisim.
    109 people found this helpful
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  • Customer
    4.0 out of 5 stars Easy read
    Reviewed in the United States on January 13, 2024
    Verified Purchase
    Entertaining and informative. Lewis is a great writer for those who want to read, but never seem to read books. Not his best book, but better than other writers attempts to entertain.
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  • Kindle Customer
    5.0 out of 5 stars Wonderfully framed narrative
    Reviewed in the United States on September 13, 2016
    Verified Purchase
    Lewis has a genuine gift for taking complex concepts (as he did in Moneyball, Boomerang, and Liar's Poker) and breaking it down in a narrative format that manages to convey a maximum amount of meaning into the story. In "The New New Thing" Lewis focuses on Jim Clark's ascent in the world of Silicon Valley entrepreneurship and Clark's persistent pursuit of the titular "new new thing."

    Explaining the how's, why's, and differences between the old way of doing things and the new (or new new) way of doing things can be tricky, because it assumes you have some understanding of how the old (or old old) way of doing things works. I'm not a Wall Street investor, but I felt not only capable of understanding Lewis' framework of explanation, but I felt like I could extrapolate deeper meaning from it. He manages to paint fascinating pictures of all the people involved in the pursuit of the new new thing and how their constellation manages to orbit itself as it becomes standard operating practice in the growing tech industry.

    I also felt like I could better understand how the minds of billionaire "executives" (as Lewis points out, Jim Clark wasn't exactly sure how to describe exactly what it was he does) and how they anticipate the next new new thing, why it interests them, and how quickly it starts to lose their interest. If you can understand someone like Clark, you can start to understand the industry.
    15 people found this helpful
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Top reviews from other countries

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  • Cliente Amazon
    5.0 out of 5 stars An insightful story on an exceptional builder
    Reviewed in Italy on May 3, 2023
    Verified Purchase
    From bits on his past life to his genius of the new new thing, Jim Clark and his fellows builders don't cease to amaze and inspire to never stop looking for the future
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  • Vikram Sai
    4.0 out of 5 stars Excellent Book about the initial days of Silicon Valley
    Reviewed in India on August 11, 2022
    Verified Purchase
    Printing. quality is very poor
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  • Alexey
    5.0 out of 5 stars Interesting read on the history of Internet boom
    Reviewed in Germany on September 4, 2020
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    I like the books of Michael Lewis and his style. This one is on history of Internet Boom and the period in the Valley from mid-eighties to end of 90-ties.
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  • Wei XING
    5.0 out of 5 stars Superbe !
    Reviewed in France on November 19, 2019
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    Superbe !
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  • Ali
    5.0 out of 5 stars I have enjoyed all the Michael Lewis books I have read
    Reviewed in the United Kingdom on July 12, 2016
    Verified Purchase
    I have enjoyed all the Michael Lewis books I have read, enjoying real life events being told in a very readable way. This time I learned about Jim Clark, founder of a number of Silicon Valley companies, making a fortune for himself and for many many employees and investors. As Jim is described having new ideas, convincing others that they will be executable and will make money there is a background story. He has commissioned the building of a boat with the tallest, at that time, mast, to be managed/sailed via on board computers. A good read and Jim an interesting man.
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