Word: ipos
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Dates: during 2000-2000
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...Standard is living at warp speed. Its offices are crowded with foosball tables and video-game machines. It recently got $30 million in venture capital to expand its empire (new magazines, new websites, new conferences) in return for a 15% stake in the company. It's contemplating an IPO. And on Friday night the line for its weekly rooftop party--already a San Francisco institution--stretches round the corner...
...Standard is probably a sounder candidate for an IPO than some of the dotcoms it covers, even though editorial Web ventures have a tendency to slump on Wall Street in the long run. Battelle, a Wired veteran who saw that magazine's stock-offer bid crash and burn, is cautious. "I don't want to go public till I'm sure I have a company that will be here in 10 years," he says. That's a lifetime in Internet time. Still, a magazine that took only 22 months to become an institution has a good head start...
...left in a spasm of menace, as if he meant to run me off the road. A complete stranger wanted me dead - or anyway, he played at it for a moment. At 75 mph, I had blocked the left lane. I had made him late for an IPO, I suppose...
...force in shaping society. Nicholas Lemann, author of The Big Test: The Secret History of the American Meritocracy, takes a different tack in answering the question, "Who Will Be the Next Elite?" The answer: not yesterday's Wasp or today's SAT high scorer, but the young entrepreneur who IPO'd his way into the ruling class...
...actor who comes to the screen in youth is like an IPO; audiences invest themselves in his future. After Titanic, the DiCaprio stock was goofily inflated. In the wake of The Beach, it may dip. But we should not confuse the achievement of an actor--especially one as daring, engaging and resourceful as DiCaprio--with the popularity or even success of any one film. He and we are in it for the long run. It ought to be an adventure, following the Kid on a career-long journey in search of his best or most dangerous self...