Bain Capital Ventures will join existing investors Sequoia Capital, Greylock Partners and Bessemer Ventures, Nye wrote.
"When we saw the price they were paying, I was just incredulous, " Nye recalls.
"I've seen it all, all that rat-race stuff, the arms-race stuff, " said Mr. Nye.
WSJ: From Patents to Memberships, Coffee Shops Offer New Perks
The BBC's Catrin Nye travelled to South Dakota to see what the programme looks like there.
By early 2007 Hoffman had recruited a veteran outside manager, Dan Nye, to try running the firm.
Nye was criticized at the time for paying too much, but it seems the critics were wrong.
Like other U.S. utility executives, Nye felt compelled to invest his company's cash in higher-growth markets overseas.
That mentality could spell trouble for Nye, who is facing a stiff challenge from political newcomer Rigell.
If Congressman Nye has his way, there will soon be criminal penalties for claiming veteran status illegally.
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At the same time, he fired its chief agent, Stephen Gilbert and its head of research, Rick Nye.
One of China's more outspoken media organisations, Caixin, this week published an article by Joseph Nye, an American academic.
Nye and his management team are going all out to make it happen.
The combined company would count with a substantially stronger balance sheet, Nye argued.
But Health minister Simon Burns insisted that the NHS would "remain true to the founding principles of Nye Bevan".
Then we have the evolution of that idea to "smart power, " as Professor Nye and his colleagues have done.
The opinions expressed in this commentary are solely those of Joseph S. Nye.
" Electrifying America: Social Meanings of a New Technology, 1880-1940", by David Nye.
Not yet, says Joseph Nye, a Harvard University political scientist who has chronicled the evolution of global centers of power.
Veteran purveyor Mr. Nye is not convinced by special cups, local artwork, WiFi, smoothies and cupcakes basically anything other than great coffee.
WSJ: From Patents to Memberships, Coffee Shops Offer New Perks
Professor Nye is co-author of the CSIS Armitage-Nye Report, officially entitled: The U.S.-Alliance, Anchoring Stability in Asia ( see this link).
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In other words, a direction opposite to that of the Armitage-Nye blueprint.
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Specialty coffee shops, most java aficionados agree, debuted in New York in 2001 with Ken Nye's Ninth Street Espresso in Alphabet City.
WSJ: From Patents to Memberships, Coffee Shops Offer New Perks
The opinions expressed in this commentary are solely those of Bill Nye.
Nye and Hoffman just fired 36 people, about 10% of the staff.
Mr Jones pledged the NHS would continue to be safe under his stewardship, "holding true to Nye Bevan's vision after six decades".
For more musings on this topic, please read Daniel Nye Griffiths.
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The deregulated U.K. market offered stability and attractive growth, but Nye wasn't interested in the regional electricity distributors that other utilities were buying.
Nye is best known for laddish comedy Men Behaving Badly, which started life on ITV in 1992 before becoming a hit on BBC One.
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