To wipe out global poverty, transfer money to the people who work hardest to earn it
Law firms are suffering in many areas, but patent infringement cases are flourishing
Half of U.S. renters spend at least 30 percent of their income on rent, with more than 11 million of them paying at least half of it and cutting back on food consumption
After crushing a Samwer brothers' clone attempt, online retail startup Fab expanded aggressively—right into a wave of layoffs
Hedge fund manager John Paulson has reversed dramatic losses with strong results for 2013, far outstripping hedge rivals' meager gains in a strong market
Sriracha is no longer a mere condiment—food manufacturers gigantic and small have turned the spicy, sweet, garlicky, hot sauce into a marketing flavor
After breaking up with Disney, he wants to produce sequels to Beverly Hills Cop and Top Gun
Northwestern's Kellogg School of Management reclaims the top stop after a two-year absence
Immigrant entrepreneurs and companies with intellectual property are more likely to hire
Founders: Collaboration between Cargill and Materia
VC investment over the last four quarters: $48.77 million
A company spun out of a partnership between Cargill and Materia in 2007, the 40-employee Elevance develops chemicals from natural oils for use in goods as diverse as candles, personal-care products, and motor oil. The company is betting on natural plant-based oils being more efficient and renewable than petroleum-based chemicals. The firm, formed with an undisclosed investment by Cargill and Materia, works in partnerships with other companies to commercialize its innovations. Elevance estimates it will bring in $20 million in revenues for 2008.
Key to startup success: "We believe that innovation is critical to a vibrant, healthy business, and work to create it in all aspects of our organizations and offerings. However, perpetual innovation can be challenging and too expensive to do it all yourself, so collaboration is equally important. These two attributes are tightly integrated into our brand and our business model and have helped us be successful."