Word: start-up
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Rosen Sharma is sure about one thing. His nine-month-old company, Solidcore, a start-up that makes backup security systems for computers, could not survive without outsourcing. By lowering his development costs, the 18 engineers who work for him in India for as little as one-fourth the salary of their American counterparts allow him to spend money on 13 senior managers, engineers and marketing people in Silicon Valley. If he doesn't outsource, in fact, the venture capitalists who fund start-ups like his won't give him a nickel. Sharma's Indian-American team, tethered...
While it's small consolation to workers who lose their jobs, outsourcing has become an essential element of corporate strategy, even for small companies. "Any start-up today, particularly a software company, that does not have an outsourcing strategy is at a competitive disadvantage," says Robin Vasan, managing director of Mayfield, a venture-capital firm based in Menlo Park, Calif. He felt so strongly about "global sourcing" that Mayfield organized a daylong session for the firms it invests in to meet with outsourcing companies and experts. About 60% of them now have an outsourcing plan. "That's a good start...
Students also raised issues of community in the context of technology—evidenced in the recent start-up websites like CrimsonHookups.com and thefacebook.com...
...reverse gear Volkswagen cut its dividend for the first time in more than 10 years, after stalling sales, restructuring and start-up costs pushed down profits at Europe 's biggest automaker...
...connected, there are still plenty of wires to go around. Sure, many of us were taken with the first Matrix, when Keanu Reeves and Carrie-Anne Moss jabbed barbecue skewers into their heads and played video games on their postapocalypse Internet. But to a handful of brainiacs at the start-up Cyberkinetics Inc., it's not science fiction. It's a business model. Using Brown University research, scientists are studying how electrons that shoot through our neural superhighways control movement. Eventually, they hope to build devices that will enable victims of paralysis to communicate with digital gadgets--or their...