Major tech firms are devoting an increasing amount of time and money to develop e-book readers. Read about the trend in this week’s Technology Stocks posts.
SM: Who were your primary partners in the early days of King? RZ: We partnered with Lycos, T-Online, and major portals.
On October 16th, a crisp fall day, my alma mater, Smith College, opened its new Science and Engineering center, Ford Hall. Built with a recession-defying budget of $76 million, the building represents the college’s ambitions to house 21st century disciplines at a large scale.
Bruce McNamer is president and CEO of TechnoServe www.technoserve.org, a non-profit economic development organization that helps entrepreneurial men and women in the developing world to build businesses that provide jobs, income and economic opportunity. Before joining TechnoServe in 2004, Bruce was a senior executive/founder at start-ups Verified Identity Pass (Clear ID), Appfluent Technology, and Varsity Group.
By Guest Author Bruce McNamer More than one billion people are going hungry on a daily basis, according to the United Nations World Food Programme. On average, that amounts to more than one out of every seven people on the planet. With our global levels of wealth, knowledge and resources, that number is unacceptable to
SM: What was the investment thesis for King? RZ: At that time in Europe, portals were paying for sticky content for their pages. The thesis was to have a product that not only would they not have to pay for, but they could make money with.
There are good business opportunities in making high-quality movies. To learn more, read Entrepreneurs: The Silver Screen Beckons.
SM: How much did you sell the company for? RZ: We sold it for $764 million.