Word: starting
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Dates: during 1990-1999
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Still, it wasn't until after he signed a deal to represent hardware maker Cisco Systems in Japan in 1993 that Son's grand Internet vision began to fall into place. "When you have the railroad being laid, you can see the train, you start to imagine the passengers, and you know there will be department stores going up around the station," he says in the midst of one of his characteristic soliloquies. "I had a feeling this was going...
...President Gary Rieschel figures that in 1996, with Softbank Technology Ventures still an unknown in the valley, it invested $200 million in 55 companies in four months-- although "investing" hardly describes the act of writing checks as fast as you can. Last month Softbank opened Hotbank, an incubator for start-ups. There has been no need to advertise. Each week hundreds of applications pour into Hotbank; out come announcements of new Softbank allies: PeoplePC, Webvan, Global Sports, InsWeb, WebMD...
Softbank's rivals can take some solace in knowing that Son's mistakes have been spectacular. He wasted billions of dollars on Ziff-Davis, which he is trying to sell off piece by piece. He sold Kingston at a loss, and some of his start-ups, as start-ups are wont to do, went south. Son would say these failures are the price of admission. If you don't play...
Even so, the scale of Softbank's ambitions could transform e-commerce. In a world where every company, every billionaire with spare change, is forming an Internet investment arm, the competition for start-up dollars is shifting into a battle over who gets to invest in the next hot company. Son's premise is simple: there may be a litter of online pet-supply stores today, but only the best will survive...
...dull, uniform colors. Then, in 1985, a Canadian makeup artist, Frank Toskan, exploded the spectrum with MAC, an edgy line that became such a success that Lauder bought the company in 1994. Fluke? In 1990 a New York-based makeup artist, Bobbi Brown, scraped together $10,000 to start her own minimalist line, which Lauder also snapped up. In 1995 a 22-year-old premed student, Dineh Mohajer, mixed nail polish to match a pair of light blue sandals, kicking off Hard Candy and a craze for pastel lacquers. The upstarts keep coming--makeup-artist lines such as Laura Mercier...