Word: startup
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...their business plan for Check My Radar, a new take on social networking Web sites, walked away with the grand prize in a competition held this semester by the newly-formed Harvard College Entrepreneurship Forum (HCEF).HCEF will link the winners of their 2007 Startup Plan Competition and Summer Fellowship Program to an early-stage investor who will provide up to $10,000 to cover the team’s expenses while they develop their business.Tanjeloff and Galkowski, who were honored for their win in a ceremony held last week, first met through HCEF’s online community...
...This hasn’t always been the case, at least at the College. Indeed, Harvard Student Agencies (HSA) was founded in 1957 to employ scholarship students, not train startup founders. A September 1967 Crimson article cited “the average Harvard student’s apparently natural disdain for business” as the source of campus antipathy to HSA. Budding entrepreneurs had hurdles to jump through trying to innovate. Gates, for one, allegedly went before the Administrative Board for commercially using University computers. And HSA, with its tight monopoly of campus services, rather than fostering innovation, only...
...Mittelman and Maurice Samuels, whose investment strategies netted billions for the University but whose large compensation packages—which topped $30 million in 2003—generated controversy. The presence of an already proven team at Convexity helped to inspire investor confidence, even as overall investment in startup hedge funds declined by nine percent in 2006. Meyer’s faith in his team’s ability to consistently beat the odds led him to make Convexity’s 20 percent commission on profits—a standard percentage for hedge funds—contingent...
...average salary for a TA at a private university was $64,149. Assume a faculty of 50 (slightly less than three times as many as are hired to teach Wellesley’s 2,300 undergraduates) paid at this rate and faculty salary costs would total $3,207,450. Startup costs would add to this figure, but the administrative costs of running a successful PE department would also probably be roughly three times as much as the annual $15,000 it takes to run Wellesley’s department. So, rounding up to account for inevitable unforseen expenses...
...wireless feature is well implemented - it reminds me of the wireless networking found in the Nintendo DS. But Microsoft has been maligned for not doing more with the wireless technology, and I half agree with the critics. If a small startup called MusicGremlin can make devices that not only share music with one another but let users download songs without a PC, why can't mighty Microsoft make...