Living The Late Shift

Call them the e-coal mines: Internet start-ups are long on hours, short on millionaires

Downtown, New York City; Tuesday, around midnight. Skat is interacting on live chat with Appzworld. A twentysomething blond, she rants into a microphone as a Canon XL-1 digital video camera sends streaming footage of her to a few dozen Webcast viewers across the U.S. and Canada. With her free hand, she types responses to comments posted in the IRC (Internet relay chat) Netfiend room.

"What's up, Appz? You got skillz?" Skat asks, mugging for the camera. She steps back to read aloud his offer to swap pirated content for high-tech gear. "Appz wants to trade a Star Wars screener for a...

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