Word: dotcomers
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Dates: during 2000-2009
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...Mauritius markets itself as a "cyber island" to serve the African and South Asian markets, its timing is lousy. It missed the dotcom boom and must compete against more established hubs in Singapore and Malaysia. But opportunities remain. Because both London and Paris ruled the island, many Mauritians speak English and French, making the island an attractive bilingual base for American companies doing business in Africa and Asia. IBM, Oracle and Microsoft have opened regional offices there, and last month work began on a $50 million "cyber city" to attract new software and IT companies. The government promises low taxes...
...workers. "But the lack of education is still a massive problem," says Eric Charoux, director of DCDM Business School, Mauritius' largest private university. "There are just not enough students coming through." This dot in the ocean, he says, would welcome techies who lost their jobs in the U.S. dotcom bust and would like to start over in an island paradise...
...money to start this project. Gluck is very eager to make sure everyone knows he has a degree in art history and is not just some smut-happy computer geek. "I was aware of this material because of my interest in the arts," he says. "The standard computer dotcom guy would know porn sites, but that's not where I'm coming from. I know about it from the arts...
...money to start this project. Gluck is very eager to make sure everyone knows he has a degree in art history and is not just some smut-happy computer geek. "I was aware of this material because of my interest in the arts," he says. "The standard computer dotcom guy would know porn sites, but that's not where I'm coming from. I know about it from the arts...
Make that eight. Heise and two partners, all veterans of the tech industry, see a new opportunity in bailing out the European venture capital firms that found their investment portfolios floundering when the Internet bubble burst. Venture capitalism needs their help. As dotcom companies wrote down their assets, went bankrupt or held fire sales, their VC backers found themselves with little to return to their own investors. As many as 80% of Europe's incubators and independent early-stage venture firms are expected to disappear by next year. Jean-Bernard Schmidt, founder of Paris' Sofinnova venture capital firm and chairman...