Word: ipos
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Analysts give TiVo, which plans to sell shares in an IPO, the early lead in the competition, noting that it has outstripped Replay in sales and investment partnerships. Last week, apparently to boost its dealmaking power with Hollywood, Replay named Kim LeMasters, former president of CBS Entertainment, as its chairman and CEO. "They have not brought me in for my ability to figure out what bugs are on the CPU," LeMasters says. "They brought me in for that portfolio I brought from Hollywood and for my different mind-set and my ability to examine the marketplace...
...presentation by an online wine shop and have sushi with a man who claims to have a blockbuster e-commerce idea--he just won't tell Chin what it is. Chin will take his chances. Like every young VC in the Valley, he needs to land a big IPO score to become a real player. He's too sure of himself to admit being worried that many of the companies he backs will never make it that far. "It's a guess; it's a bank shot--you throw it on the wall and hope for something," he says...
...years later, he quit to take a job at a hot start-up called CrossWorlds Software. Had he stayed at Oracle, "I would have made a lot of money. Not multimillions, but not pocket change either." Kaushik left CrossWorlds after a year--the company has yet to have its IPO--to start his own dot.com with three friends. "I thought starting my own company would complete my contribution to the world and my profession," he says. But after three months of trying to raise funds, Kaushik gave up. "I needed a steady income. The bills don't stop...
...learning something new." Launching his own start-up, he says, "seemed like absolutely the right decision but may have been a stupid one, looking back." So he's returned to programming, a gun for hire, although he's confident that his current employer, Corio, will finally hit the ipo payola. At times, though, he can't help sounding weary. "I don't foresee things anymore," he says. "If it happens, great. If not, I can't do anything about...
...Adams, 32, has spent a lot of time thinking. An incredible amount of that thinking has taken place at Menlo Park's Cafe Borrone, a coffee shop four blocks from his apartment. "Since I was 16 or so, my objective was to start a company and sell it or IPO," he says, sipping...