Word: foundered
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Dates: during 2000-2009
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...Computer For Every Child O.K., so his big brother John is director of national intelligence and delivers daily briefings to the President. But Nicholas Negroponte, 62, is trying to reach a far more challenging audience: the world's poorest children. The co-founder of M.I.T.'s Media Lab and former Wired columnist took a leave from academia last year to build a computer - a laptop so cheap that developing countries could buy them by the millions to help their kids leapfrog into the 21st century. It's an ambitious project, but the charismatic Negroponte has a persuasive pitch...
...Szaky's office could pass for a landfill. Szaky, 24, the co-founder and CEO of plant-food manufacturer TerraCycle, sits in a chair that was at one time another firm's trash, next to a computer on a desk that were both once trash, and, with near palpable enthusiasm, draws supply-and-demand graphs on scraps of paper to show why he's so fond of building his business out of trash. "What is garbage?" he asks, marker in hand. "It's any commodity with a negative value, right? It's something you're willing...
...matter how narrow their niche, the experts insist that inspired insight or client demand dictated their particular angle. Targeting is also a good business practice. "You don't want buzzwords," says Jeff Sandefer, president of energy investment firm Sandefer Capital Partners and a founder of the Acton MBA in Entrepreneurship program. "Everyone wants to hire the expert and will pay a lot for very specific help." Some companies love the idea of bringing in an adviser to fix one narrowly defined problem. Gossip Stoppers is a prime example. "A half day, and you leave with a couple of nuggets...
...politicians like Senator Orrin Hatch have helped create a fertile regulatory climate. Then there's the long-standing environment of support for the products. Many Utah supplement companies are owned or operated by members of the Church of Jesus Christ of Latter-day Saints (LDS). In the 1800s, LDS founder Joseph Smith blamed traditional medicine for his brother's death and his own traumatic leg surgery. Early Mormon writings praised the "plants and roots, which God had prepared to remove the cause of diseases." In the 1940s, Mormon herbalist John Christopher preached about natural healing. A few decades later, three...
Gung-ho marketers like Blain have helped propel XanGo to the fore of the business. The privately held company aims to hit sales of $1 billion by decade's end. "We're ahead of projections on our fourth year," says co-founder Gordon Morton at his orange-hued headquarters in Lehi, Utah. "We're very bullish we'll hit our goal." (Some publicly traded supplement firms also use MLM sales, among them Usana and Nu Skin, with fiscal 2005 revenues of $328 million and $1.2 billion, respectively...