Word: expanders
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They did not imagine what would come the next month, in February, when the success of the project would inspire Zuckerberg to expand the website nationally, enlisting the help of his roommate, Dustin A. Moskovitz ’06-’07. Nor did they imagine the concert tickets, dinners, or the new sport utility vehicle that investors looking to cash in on the project would eventually throw Zuckerberg’s way. They did not imagine that this fall one of these investors would reward their success with a party at his posh San Francisco club, Frisson, where...
There are several different ways a startup like TheFacebook can raise money. One way is through an angel investor—a private individual who invests in a company to help it expand or foot start-up costs. Typically, an angel investor is not granted significant voting power at a board meeting and has little creative control over the company...
Venture capital firms, on the other hand, partner with a start-up to raise multi-million dollar sums in order to expand the company toward the goal of going public. In return for their help, the firms usually gain the power to hire new executives and push for maximized profit by changing business strategies...
...Moskovitz is enlisted to expand site to other schools
There are still some big risks for Europe. Blanqué said maintaining employment growth is essential if the economy is to expand. He is worried that companies in Europe remain cautious about investing and are instead focused on reducing debt. "There's this great American saying that nobody has ever shrunk their way to greatness," quipped Achleitner, in agreement. But he said he is seeing a new mood among European companies. "People are starting to think they are coming to the end of their shrinking exercises and need to put on the growth...