Word: start-up
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There are several different ways a startup like TheFacebook can raise money. One way is through an angel investor—a private individual who invests in a company to help it expand or foot start-up costs. Typically, an angel investor is not granted significant voting power at a board meeting and has little creative control over the company...
Freston has been shaping kids' tastes for a quarter-century. In 1980, this former clothing entrepreneur with an M.B.A. from New York University read about the start-up MTV network (then co-owned by Warner Communications, which was later acquired by Time Inc., this magazine's publisher), applied for a job and became one of the founding executives. He oversaw properties like VH1 and Nick at Nite and, friends say, has remained true to MTV values, both personally, as a U2 fan, and as a businessman, believing that interesting content can make money. "Audiences want variety--in their television...
Each February, hundreds of high-tech entrepreneurs and venture capitalists meet in Scottsdale, Ariz., for the most exclusive trade show of the year. Closed to the general public, Demo is a place where even a no-name start-up gets a chance to impress. Here's a peek at this year's coolest innovations. --By Anita Hamilton...
...Hong Kong, travel almost always requires hopping onto a plane. Enter Oasis Hong Kong Airlines, a start-up budget carrier founded by Raymond C. Lee, 49, a property developer who is investing in the venture along with VTech Holdings chairman Allan Wong. Lee has a distinctive plan to compete with other upstarts like Tiger Airways in Singapore and AirAsia in Malaysia: fly to European cities--perhaps Berlin, Brussels, Milan, Vienna--where no other Asian airline goes direct. "Instead of trying to steal someone else's lunch, we're creating a market where a market does not even exist," says...
...center of these questions is this: Can Perot spend his personal fortune on the start-up costs of a political party, or must he abide by the contribution limits that apply to existing parties? As yet the Federal Election Commission has no answer to this and other thorny questions, which will probably get hashed out in various state courts. Black holds that Perot should comply with the $25,000 cap on contributions from a single individual to candidates in an election cycle. Perot's advisers retort that Perot should be allowed unlimited spending on "party building" activities, just as wealthy...