Word: start-up
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...dose of cold water to the high tech world might have disastrous implications for the Harvard seniors flocking to Internet start-up companies...
...broad group of third-party venture capital firms. These firms are located across the country, from Highland Capital Partners headquartered in Boston, to Crosspoint Venture Partners, of northern California, to Walden International Investment Group of San Francisco. These companies invest in firms focusing on a broad range of start-up companies, from the internet to communications to health care...
Tang Haisong imagined that the toughest part of his Internet start-up would be getting the forms approved by Beijing's fossilized bureaucracy. But that was nothing compared with what the baseball-capped chairman of Etang.com faced when he began hiring for his company, which aims to become a Yahoo for China's youth. Good managers were even harder to find than efficient bureaucrats. "In terms of Internet technology, China is only five years behind the West," says Tang, who graduated from the Harvard Business School in 1998. "But in management expertise, we're at least two decades behind...
...which helps explain how Cisco got here. But will it continue to grow at a 50% annual rate? It took just 10 years for Cisco to go from start-up level to most valuable company in the world. That alone is a commentary on the pace of change in today's economy. The Internet has grown from a $5 billion business five years ago to a $500 billion one today, with annual growth rates of 50%. And in some sense, Cisco is the beneficiary of a virtuous cycle, so to speak, in which the very innovations that make...
...Irrational exuberance," to use Greenspan's term, has taken many forms in its invasion of this campus, but the most egregious incarnation arrived a few weeks before spring break. Carorder.com, a start-up based in Austin, Texas, began running ads in The Crimson looking to hire Harvard students. They sought students for both technical and business positions. The terms? $400,000 dollars over two years, plus a brand new BMW. The first thing I did upon seeing this advertisement was to send off a rsum. The second was to shake my head in hopeless bewilderment...