Believe it or not, the crazy sums tech and media giants are paying for startups may ultimately make sense
In Silicon Valley, they love to say it's not about the money. Yet in late September privately held online social network Facebook, with an expected $150 million in 2007 sales, sought new investment based on a stunning $10 billion-plus valuation. A few days later, a financial opinion Web site, 24/7 Wall St., speculated that TechCrunch, a blog that grosses about $200,000 a month, might fetch $100 million or more from an acquirer such as CNET Networks .
(FSB Magazine) Indianapolis -- You probably don't know the name Scott Jones, but chances are his life has touched yours. Checked your voicemail lately? You've got Jones to thank. Pop a CD in your computer, and iTunes brings up the track names. That feature comes from another of Jones's companies, Gracenote. When Indiana last year adopted daylight savings time, it was Jones who pushed hardest for the change. The roller coaster at the Indianapolis Zoo? Jones. Dinosaur skeletons at the Children's Museum of Indianapolis?
If you loved book Freakonomics, you'll love blog as well. Some entries are incredibly funny. Like Economics of Gold-Digging, for instance.
Take a high-margin product like cosmetics, and cut prices by at least half. Now add online accessibility with customization, community and values. Throw in a pinch of demystifying expert advice, and you've got e.l.f., short for "eyes, lips, face."
One of the great levellers is the helpless feeling most of us have after an unpleasant encounter with an insurance company. Angry ranting frequently follows, and that’s just where Zuzzid comes in: By allowing users to share their insurance experiences, good and bad, it provides a way for them to hold insurance companies a little more accountable.
Fast-food restaurants. Retail stores. Fitness chains. For most people, those are the images that come to mind when they think of a franchise.
It's an easy idea to grasp -- a successful business expands by granting others the right, for a fee, to open carbon-copy stores in untapped markets.
Now, a small but growing number of online companies are tailoring the concept for the Internet. Call it "virtual franchising," where Web pages substitute for physical storefronts and customers drop by using keyboards.
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Author of The One Minute Manager reveals how to turn customers into your big- gest fans
WHAT DOES NORDSTROM know that other department stores don't? The retailer's customers routinely praise it. Wouldn't it be great if your customers did the same--in effect becoming unpaid members of your sales force?
(FSB Magazine) -- The owners of Ocean Rider call this variety of seahorse "Sunburst," but its proper name is hippocampus erectus - one of 20 species that Carol Cozzi-Schmarr, 45, and her husband, Craig Schmarr, 44, breed on their ranch in Kailua-Kona, Hawaii.