With so many well-funded dotcoms running out of cash, you gotta wonder: Where’s all that money going? In many cases, expensive ad campaigns are the culprit.
APBnews, a crime-reporting news site that went under this month, spent nearly $10 million of its $25 million funding on advertising. Beyond.com, an e-tailer with net losses of $125 million last year, reportedly increased its sales and marketing budget from $1.7 million in 1997 to $81 million in 1999.
Tech incubators are so popular these days that they’re practically passe. With more than 800 of them, they’re just “too common” — to steal the words of one uppity boutique owner who once sneered at me when I asked for Calvin Klein sunglasses. But there’s a new class of company emerging that’s part incubator, mixed with a pinch of holding company, and a dash of venture capital. True, these companies bare many of the same marks
Online broker Ameritrade has a reputation for entertaining television ads. So, too, has rival E-Trade. But their stocks have turned in less-than-amusing performance.
Just look at how these brokerages performed after reporting results that exceeded even the most optimistic expectations. In the first quarter, Ameritrade netted 306,000 new accounts — nearly equal to the 332,000 new accounts it tallied in all of 1999. Still, the stock price dropped — along with the rest of the Nasdaq
Rowayton is a coastal village in Norwalk, Connecticut which is roughly 40 miles from New York City. It is known as one of the wealthiest zip codes in Connecticut and perhaps one of the most expensive communities in the US. According to Forbes the (2018) Median Home Price is $4,276,462. Perhaps this provides a surprise to local architect Bruce Beinfield of Beinfield Architecture, a construction and property management firm, who wants nothing more than to build
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