Word: start-up
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...deal is relatively straightforward: in exchange for $4.2 billion (roughly 10%) worth of its high-flying (if arguably inflated) stock, AOL gets all of Netscape, right down to the last cappuccino machine. These are indeed dark days for the Mountain View, Calif., start-up. The company whose trailblazing browser jump-started the World Wide Web back in 1994 was supposed to become the fastest hot rod on the Infobahn. Instead, Bill Gates sideswiped it into a ditch and left AOL to strip the wreck for parts: a browser, a website and a treasure chest of software. How well AOL exploits...
...exhausted Jim Barksdale, the veteran CEO who had been hired to figure out how the scrappy start-up could survive against all odds--against Microsoft!--sat in a hard chair on the edge of the stage and did his genteel best to calm his people. How many of you came to Netscape because we acquired your company? he asked. A quarter of the employees in the room raised their hands. Well, said Barksdale, this is just another acquisition...
...boss was a genius. He was an eccentric. He was no prince in his social attitudes and his politics. But Henry Ford's mark in history is almost unbelievable. In 1905, when there were 50 start-up companies a year trying to get into the auto business, his backers at the new Ford Motor Co. were insisting that the best way to maximize profits was to build a car for the rich...
Morita had been groomed since the third grade to become the successor of a 14-generation family business: a prominent sake-brewing company in Nagoya. In true entrepreneurial spirit, however, he traded this life of comfort and privilege for the uncertainties of a start-up, called Tokyo Telecommunications Engineering, Inc., in the rubble of postwar Japan...
Plenty of states pass out tax breaks, of course, even to polluters whose mess taxpayers must later clean up. But Louisiana's incentive program has an odd twist: the tax abatements are intended to help start-up businesses. The purpose of the industrial-tax-exemption program, in the state's own words, is to offer "to industry certain tax benefits at the most critical stage of any business endeavor--the beginning...