Word: ipos
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...people deserved professional success. But after the Wright Brothers, you get Frank Lorenzo. And so this summer Silicon Valley was flooded by the Second Wave: fast-talking business-school grads whose interest in technology is limited to how it will make them money. This is Silicon Valley in the IPO age. Geeks are history; they're all capitalists now. Netscape founder Marc Andreesen stars in a Miller Lite...
...geeks graduate Stanford business school, devise a lucrative idea for an e-business, get funded by a prestigious venture-capital firm, set up shop in dingy offices, hire a lot of people, generate buzz, go public. The 15-month-old Internet start-up Della & James hasn't had its IPO yet, but so far it has nailed down the idea (an online bridal registry), the VC (Kleiner Perkins), the hiring (15 to 70 employees in six months) and the buzz (everybody in the Valley has heard of Della & James). But there are some twists: their office is more Pottery Barn...
...cool $800,000 thanks to his entrepreneurial efforts. Especially since that amount of money could pay for my Harvard education at least six times over. It is enough to make even me, someone without even the wherewithal to create my own Web page, be tempted to learn what IPO means...
...brutal competition in sports equipment won't go away soon--but some brands will. "There's only room for so many," observes Eliasch, who recently bought Penn Racquet Sports from yet another conglomerate, GenCorp. Head is planning an IPO to finance some additional acquisitions. Eliasch is a scratch golfer, and golf brands are struggling. Could he be teeing something...
...what it would cost consumers to buy that additional coverage, not what it is costing the company to provide it. And execs have already bought settlement insurance to take care of that amount. Most important, the deal gives Met Life a clean slate as it heads into its big IPO, which, if successful, could easily cover the cost of this and any future settlements...