Word: partners
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Dates: during 1990-1999
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...century's greater biological breakthrough was more basic. It was unceremoniously announced on Feb. 28, 1953, when Francis Crick winged into the Eagle Pub in Cambridge, England, and declared that he and his partner James Watson had "found the secret of life...
Johann Gutenberg was born of well-to-do parents in the Archbishopric of Mainz, Germany. Details of his life, early as well as late, are sketchy, but he apparently trained as a goldsmith and/or gem cutter and then became a partner in a printing shop in Strasbourg...
...long can you build warehouses to the sky and not fill them? Says Scott Sipprelle, founding partner of the investment firm Midtown Research Group: "The chance of a painful failure goes up as they increase the chips on the table. Just look at the metrics. As the company grows in scale, the absolute dollars it's losing are greater and greater: debt is going up, margins are going down and cash burn is increasing...
Within a few months, Omidyar was ready to take eBay up a notch. He brought in a partner with the business background he lacked: Jeff Skoll, a friend and Stanford M.B.A., then working in e-commerce for Knight Ridder. Together they began to bring in more employees--techies, customer-support staff, finance people. In those early days, eBay--operating then as now out of a bland San Jose, Calif., office park--was a goofily informal place to work. Decor ran to Star Wars figures and giant papier-mache Pez dispensers, a wedding gift when Pierre and Pam tied the knot...
...results have been spectacular. My sparring partner, my associate Matt Jacobs, and I, forced to pick 10 "teams" each to compete in the B2B Rotisserie League, have crash-coursed the whole 1999 new-stock lineup. We make our mistakes with phony money and save the real deal for the portfolio. Our draft may have lacked the tension of the NFL's live ESPN version, but it turned up such gems as VerticalNet, VeriSign, Commerce One and Ariba, companies that until I had to lay out 750 Gs of Rotisserie money, I couldn't do much more than ogle from afar...