Word: infantability
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Lunch-bound, Rouse strolls across the brick promenade to the Pratt Street Pavilion, passing broadside the still formidable-looking cannons of the three-masted frigate U.S.F. Constellation, one of the first warships commissioned by the infant republic in 1797. The developer looks in on several retailers in the Pratt Street complex, which houses mostly smart boutiques and specialty stores like the Chesapeake Knife and Tool and the Powder Room, which sells cosmetics. The Rouse Co. carefully screens the tenants in all its projects. At Harborplace, out of an initial 2,000 applications, only about 30 were chosen. Says Rouse: "When...
...chose to abort the twin with Down's syndrome. It is easy to be pious, idealistic or shocked at the solution to someone else's problem. But what is so wonderful about knowingly bringing a retarded child into the world? It is a blessing to the infant...
...money ever more rapidly on ever more exotic business proposals. Last year 145 new companies were started with venture capital, 53% more than in 1979. By year's end, according to Stanley Pratt, editor of Venture Capital Journal, these companies will have poured a record $1.1 billion into infant businesses. Says Pratt: "This is still a minor blip in the capital structure of this country, but it is a critical amount for the American economy...
...start-up cash to farsighted entrepreneurs, they can open whole new areas of business enterprise. Venture money has fueled the development of the computer industry through investments in Prime Computer, Cray Research, Tandem and other companies, helped spark airline industry diversification with People Express and Air Florida, and bankrolled infant gene-splicing companies like Genentech and Biogen...
Kleiner, Perkins closely studies an infant company's prospects and then carefully nurtures it during the early years. In 1973 Jim Treybig, one of the partners, began to work on an idea for a new computer that would eliminate many common computer breakdowns. Last year Tandem Computers, with Treybig as president and Tom Perkins as chairman of the board, rolled up sales of $109 million. The $1.5 million investment by Kleiner, Perkins is now worth $220 million. The company also struck gold last year when Genentech "One large winner takes care of an occasional loser...