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...venture capitalists had a phrase that stuck with us, We are not investing in you to be No. 2. When you launch, you have to declare victory. Initial financing came from America Online. It needed content. People liked the fact that we were dealing with a life stage when there is so much need for information to inform purchase decisions. Hummer Winblad invested to empower the e-commerce component of the business, a wedding gift registry. When qvc invested, it was interested in helping us build our brand. We had only $1.7 million in the beginning, and then we reached...

Author: /time Magazine | Title: Something Old, Something New | 11/15/2007 | See Source »

Part of the way countries stack up results from how the WEF weights a nation's scores according to its stage of development. A fundamentals-driven economy like Egypt or Bolivia is judged more on basic requirements such as the reliability of police services and electricity supply; an efficiency-driven economy like Brazil or Latvia is gauged more by measures such as Internet access in schools and strength of investor protection; and an innovation-driven economy like France or South Korea sees more weight put on more sophisticated issues such as company R&D spending and marketing...

Author: /time Magazine | Title: Best Countries for Global Business | 11/15/2007 | See Source »

...that slotting has something of a leveling effect. When you've got an early-stage economy, you can make real strides by shoring up telephone service and property rights, but once you've got infrastructure and stable institutions, only innovation, such as new technologies, can keep the momentum going. Competitiveness, then, is not about absolutes but about being able to make the most of what you have...

Author: /time Magazine | Title: Best Countries for Global Business | 11/15/2007 | See Source »

...Samuel Beckett forbade any of his plays from being performed in the Netherlands because one theater company wanted to stage “Waiting for Godot” with a female cast. (“Women don’t have prostates,” he said.) The Beckett Foundation is notorious for opposing all alterations to the author’s original work to this day. And yet English professor and Beckett scholar Robert Scanlan managed to obtain permission for unusual changes to three of Beckett’s plays, which he first directed...

Author: By Anna I. Polonyi, CONTRIBUTING WRITER | Title: Beckett Storms Harvard Stage | 11/15/2007 | See Source »

...their D.C. fans is to have actually been one of those fans. They performed all the time, frequently for free, and when they played “The Ice of Boston” everyone was invited onstage. Didn’t matter how many people or how small a stage. Everyone gets invited. I find now that I gravitate toward music that can tell me things I don’t already know, but there are still times when I feel a very simple, almost juvenile desire to just be invited. “Emergency...

Author: By Richard S. Beck, CRIMSON STAFF WRITER | Title: FOR THE RECORD: The Dismemberment Plan | 11/15/2007 | See Source »

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