Word: doerr
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Despite the risks and the possibilities of failure, start-ups benefit the entire country, argues John Doerr, chairman of Kleiner Perkins Caulfied & Byers, a Menlo Park venture-capital firm that has helped finance dozens of new companies, including Netscape and Pixar. Doerr says Kleiner Perkins clients have created 150,000 new jobs in the past five years alone and have reinforced America's technological edge. "Some people refer to [IPOs] as a game," Doerr says. "But the notion that an entrepreneur can have a big idea and gain financial independence for his family is at the very heart...
...successful IPO can hit the jackpot not only for the start-up but for venture capitalists as well. Doerr and his Kleiner Perkins partners invested nearly $5 million in Netscape before it went public in return for stock now worth some $590 million. Some venture capitalists have even launched their own high-tech companies to ensure getting in on the gold rush. Kleiner Perkins joined forces with cable-TV giant TeleCommunications last year to create a firm called @Home; it plans to bring the Internet and its World Wide Web--along with programs like local news shows--to home computers...
...firm, which plans a test in Sunnyvale, California, later this year, Doerr tapped William Randolph Hearst III, grandson of the newspaper baron and a Kleiner Perkins partner. "Today it's too complex to hook up to the Internet to get a rich, full [sound and video] experience," Hearst said in launching @Home last November. He promised that the new system would be lightning fast and easy...
...this subtle comparison, Doerr undermines the romanticism of the remote foreign hamlet. Loomis, the only involuntary member of the community, alone succeeds in forging a bright future in this brave new world. The others mentally reconstruct Amapolas to match the painting on the book's cover. The local grandee cautions his guest: "Consider this, senora. You are transforming Amapolas into something more beautiful than...
...Doerr's poignant portrait never lapses into sentimentality. The narrative voice thrives on an impassive, ineffably wise, yet indulgent tone which must reflect Doerr's 83 years. She never takes the easy option: Her book contains no blatant contrasts, no crass symbolism, no fortuitous plot-twists. She takes pains to tell you what's going to happen, and then manages to surprise you when it does...