Concentrating on medical-service start-ups, he has since made a fortune, but he worries about Iowa having enough entrepreneurial role models.
Facebook is launching its long-awaited deals service on Tuesday to take on other start-ups such as Groupon and LivingSocial.
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Short of geo-locking the service to stay inside America, information based start-ups (which means pretty much any social network) need to be very aware of what they do with personal data.
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There have been a flurry of announcements about legitimate services in recent months, including Sky's SkyTunes service and tie-ups between the likes of internet service provider CarphoneWarehouse and music service Napster.
Another way to play: United Parcel Service (nyse: UPS - news - people ).
At 13 times trailing earnings FedEx is more affordable than its closest competitor, United Parcel Service (nyse: UPS - news - people ), at 17.
Citigroup has begun notifying some 3.9 million U.S. customers that computer tapes containing information about their accounts have been lost by United Parcel Service (nyse: UPS - news - people ) while in transit to a credit bureau.
Most new-car dealers sell small bottles of paint for the vehicles they service that are ideal for touch-ups.
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The car's limited range would require plenty of fill-ups at compressed-air service stations, except those don't exist.
In that, Hei believes they are different than some other Stanford entrepreneurs who often base their start-ups on an App or service.
P2P start-ups have much to thank the embattled music service for.
UPS, the world's biggest parcel-delivery service, from New York to Paris, France, than to Anchorage, Alaska (see table).
And China's internet start-ups, such as Tencent (a social-networking service) and Alibaba (an e-commerce company), have had a genius for copying Western business models and adapting them to the Chinese market.
UPS's founder, decided that a coast-to-coast service was needed as far back as 1927.
Rather than buying promising start-ups, they tend to build their own version of a popular new service.
Dell's existing service business is at the low end, little more than extended-warranty tune-ups and installing such off-the-rack systems as Microsoft's Outlook Express e-mail software.
The service says the helicopter will be used for pre-booked urgent transfers, not emergency pick ups.
It has funded several of the continent's most successful start-ups, notably Skype, MySQL and Last.fm, an online music service.
The usual currency of the venture capitalist is equity, not bank loans, not least because Internet start-ups are notoriously bad at making money and so have little free cash to service debt.
"Tax reductions and refunds are very important mechanisms for start-ups, " said Sylviane Kamga of I-DISPO, an online-booking service.
According to the report, and subsequent follow-ups, Tamir has decided to cut the number of Orthodox teenagers employed through National Service institutions as Jewish and Zionist studies teachers in elementary schools by 50%.
So, for example, the U.S. Postal Service, everybody would love to have that high-end part of the business that FedEx and UPS are already in, business to business you make a lot of money.
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