article thumbnail

[Singapore] Westin Returns, Sets Up In Central Business District

YoungUpstarts

It’s been over a decade since Westin left Singapore’s shores; the hotel chain sold off its two properties – The Westin Stamford and The Westin Plaza – to Swissôtel and Raffles Hotel in 2002, after the brand’s own acquisition by Starwood Hotels & Resorts Worldwide in 1998.

Singapore 140
article thumbnail

[Review] Good To Great

YoungUpstarts

What about dramatic mergers and acquisitions – aren’t those the panacea to ailing companies? He mentioned that Gillette started faltering in 1998 when its leadership became distracted by non-core projects in the book. Are charismatic superstar CEOs the answer to enduring success?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rackspace Lays Off 6 Percent of its U.S. Workers

SiliconHills

billion acquisition by Apollo Global, Rackspace Tuesday announced it is cutting 6 percent of its U.S. Founded in 1998, Rackspace is one of San Antonio’s largest technology companies with about 5,000 employees worldwide. Three months after its $4.3

article thumbnail

New Rules for the New Internet Bubble

Steve Blank

Tech IPOs were a receding memory, and mergers and acquisitions became the only path to liquidity for startups. Rules for building a company in 2011 are different than they were in 2008 or 1998. Startup exits in the next three years will include IPO’s as well as acquisitions. The New Exits. Here’s how: Order of Battle.

Internet 334
article thumbnail

How did Jeff Bezos scale Amazon without destroying its entrepreneurial culture?

Version One Ventures

For example, Mike George joined Amazon in 1998 through Junglee’s acquisition. Bezos has said this program helps weed out the “cultural misfits” at Amazon and makes sure the company makes good hiring choices by forcing several diverse employees to sign off on a candidate.

API 113
article thumbnail

Reversing Unintended Consequences From Regulation is Critical to Restoring Small Company IPO’s

Pascal's View

Second, emerging growth companies lose negotiating leverage in acquisitions when they have no other viable liquidity alternatives. Between 2001 and 2008 mergers and acquisitions (M&A) accounted for 87% of venture-backed company exits, up from an average of 44% in between 1992 and 2000. years in 1998 to 9.6

IPO 28
article thumbnail

Nest-ing Data

thebarefootvc

billion acquisition of Nest , a Silicon Valley based company that sells “smart” thermostats and smoke detectors: - Build vs Buy: Even for a company with significant resources such as Google, it is difficult to innovate beyond core products. A few observations from the just announced Google $3.2