Word: startup
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Dates: during 1970-1979
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Psychic Return. One of the siren songs of newsletter publishing is the shoestring startup cost-typically $10,000, v. 50 to 100 times that much to start a magazine. "All you need is a typewriter, a mimeograph machine and an idea," says Ken Galloway, who founded Capitol Publications in Washington, D.C., eleven years ago with $750 in his pocket; today the firm publishes 19 letters, has a staff of 45 and grosses $2.5 million. Once established, overhead is low and profits are high. For the editors, there are less tangible rewards, like virtually complete freedom of expression. "The psychic return...
...project is being funded without a sou from a synagogue or a church. A straight commercial venture, it is backed by 18 wealthy businessmen, most of them British and American, who have already anted up $5 million. The startup money came from John Heyman, 43, a self-described "inactive Jew," who has produced more than 40 feature films, including The Go-Between and The Hireling. Now he works full time as chief executive of the Genesis Project: "It was a unique opportunity to share my ability as a film maker as opposed to putting on another piece of slurp...
...last May. Lockheed failed then to meet Canada's requirement that it come up with $375 million to finance initial tooling costs in Canada. Now, with a Saudi order for three TriStar jets also in hand, Lockheed has managed to borrow the $50 million needed to cover reduced startup costs. The Canadian government accepted a later delivery schedule (the first plane will arrive in May 1980) and less instrumentation on board the aircraft, which in Canada will be called the Aurora. Lockheed also agreed to place with Canadian firms $414.6 million in subcontracting work (not all of it connected...
...seat, 6-D on starboard, was comfortable without being luxurious, about equal to a DC-9 in coach. Engine startup seemed quiet,* although I was some distance forward in cabin...
...that growing the dark, peanut-sized beans could provide an economic boost for the impoverished Indian reservations in the Southwest. The hardy, long-lived (up to 200 years) shrubs could readily be cultivated in desert land that has until now been almost totally unproductive. The panel conceded that the startup costs for a jojoba plantation would be high, but after the plants reach maturity in five years, they would begin to pay off handsomely, even as they were contributing to the salvation of the great sperm whale...