Word: start-up
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David Martinez, 34, a website producer, joined Logitech 15 months ago after a stressful stint at an Internet start-up. There, he says, the CEO would "rant" if he noticed empty cubicles before 7 p.m. He decided to join Logitech because he was tired of "being driven into the ground. You have to put in the hours at a start-up, but they focused too much on those A people and not enough on the people who were doing the work...
Some companies are making progress with vaccines and treatments. Anacor Pharmaceuticals, a Palo Alto, Calif., start-up launched in 2001 with $21.6 million of Pentagon and venture-capital money, is conducting animal tests for antibiotics to treat anthrax and other bioterrorism agents. And DynPort, a company based in Frederick, Md., has developed a faster-acting anthrax vaccine that by next year is expected to complete Phase I clinical trials, in which a substance is tested on healthy volunteers to evaluate its safety in increased doses. Current anthrax vaccines require 18 injections over six months. That's too slow to defend...
With angel investing, though, you can exact control over management. Indeed, the typical start-up looking for angel funding wants it from people who can help as board members or advisers. "The perfect candidate is a retired, successful entrepreneur who can provide valuable counsel," says Christopher Starr, managing director of Innovation Philadelphia, a regional economic-development group that finds financing for entrepreneurs. A perfect set of 10 angel investors throwing in $100,000 each to reach the $1 million mark that many start-ups want would include one or two attorneys, accountants, consultants, bankers and industry executives, along with some...
After a run of acquisitions, Sing Wang's Tom.com looks more like a budding media empire than the fledgling Net start-up Wang joined in July 2000. The ex-Goldman Sachs banker has made the company a publishing, outdoor-advertising and sports-marketing moneymaker in the rough-and-tumble Chinese media industry. He staged a mini-coup in July when his company acquired controlling interest in CETV, AOL Time Warner's beleaguered foray into China's television market. Wang plans to make the channel profitable by using Tom.com's existing sales network to bring advertisers to CETV...
There is a small start-up investment for purchasing the Crimson Cash equipment, as well as some maintenance fees, which might deter some businesses worried about their profit margins. HUDS officials declined to specify the prices...