From Fast Company: "Should I stay or should I go?" So wailed the Clash in a hit song from the 1980s. So asked millions of Europeans, as they considered whether to join previous Great Migrations to the New World.

So wonder businesspeople around the world today, as they evaluate what may be a once-in-a-lifetime chance to make a dramatic career leap -- from respectable positions at well-established companies to risky but exciting jobs at Internet startups.

Becky Stein, leader of the Silicon Valley Internet practice at New York City-based Russell Reynolds Associates Inc., one of the country's top executive-search firms, has helped scores of businesspeople wrestle with this question. A big part of arriving at an answer, she says, is being honest with yourself about a differen

t question: Do you have what it takes to succeed in the Web environment?

"Almost everyone who walks into my office dreams of becoming an Internet CEO," says Stein, 40, the self-proclaimed "old lady" of the firm. "But not everyone has what it takes to make the move to the online world. Not everyone has Web DNA..."

If you're thinking about making the jump into the dotcom world, you should read the article from the current issue of Fast Company magazine here.

From the company press release: XM Satellite Radio, a new band of radio, today announced that it has commitments for an additional $235 million, completing its funding through commercial launch of its revolutionary new nationwide satellite radio service. American Honda Motor Co. has joined General Motors, DIRECTV, Clear Channel Communications and Motient Corporation as a key strategic investor in XM.

The investor group, led by AEA Investors, will purchase newly issued preferred stock in the company. The investment includes $60 million from AEA, $50 million from Madison Dearborn Partners, $35 million from Baron Asset Fund, $20 million from DIRECTV Inc. and $20 million from Columbia Capital. The investment also includes $50 million from American Honda.

Hugh Panero, XM's President and CEO, noted, "What a blockbuster year this has been, in just 12 months XM has raised over a billion dollars."

Also today, XM opens its new 150,000-sq. ft. headquarters in the heart of Washington, DC, including a digital radio broadcast facility that is both the largest in the US and the first end-to-end digital radio complex ever built.

XM's new Programming Center will contain a network of more than 80 inter-connected audio studios, including a two-story 2,300-square-foot performance studio large enough to accommodate a full orchestra and more than a dozen stand-alone studios equipped to broadcast live performances.

Read the full press release here. (Pictured above, XM programmers Lee Abrams and Dave Logan.)

"Whenever I need to 'get away,' I just get away in my mind. I go to my imaginary spot, where the beach is perfect and the weather is perfect. There's only one bad thing there: the flies! They're terrible!" Buy this fine item from Amazon here. (RAIN doesn't have an affiliate deal with Amazon or anything. It's just a great book.)

"RAIN: Radio And Interent Newsletter" -- the leading web-based publication devoted specifically to the subject of Internet radio -- is establishing a summer internship program and is now accepting applications.

If you or someone you know is looking for an interesting new opportunity in the exciting dotcom world, this may be just what you're looking for!

July 13-16	Upper Midwest Conclave, Minneapolis
August 3-5	Morning Show Bootcamp, New Orleans
September 20-23	NAB Radio Show, San Francisco
October 5-7	Billboard/Airplay Monitor Seminar, New York
October 9-12	QuickTime Live! Conference, Beverly Hills (NEW)
November 5-7	NAB European Radio Conference, Berlin
Nov. 28-Dec. 1	Radio Ink Internet Conference, Santa Clara, CA

xxx

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