Pixelon and the $16 Million iBash
Pixelon was an American founded in 1998 that promised better distribution of high-quality video over the . It was based in . It gained fame for its extravagant Las Vegas , followed by its sudden and violent decline less than a year later as it became...
Pixelon was an American dot-com company founded in 1998 that promised better distribution of high-quality video over the Internet. It was based in San Juan Capistrano, California.[1] It gained fame for its extravagant Las Vegas launch party, followed by its sudden and violent decline less than a year later as it became evident it was using technologies that were, in fact, fake or misrepresented.[2] Its founder, "Michael Fenne", was actually David Kim Stanley, a convicted felon involved in stock scams who was "on the lam and living out of the back of his car" when he arrived in California two years earlier.[1][3] In the year 2000, Pixelon began to fire employees and reduce its operations until its bankruptcy.[4][5] Pixelon ousted their management team and filed for bankruptcy in June 2000.[6]
