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Lars Hinrichs
Lars Hinrichs (born 18 December 1976, Hamburg, Germany) is a German entrepreneur and investor. Hinrichs is best known as the founder of XING, a Germany focused, but worldwide available, social networking website dedicated mostly to cultivating business contacts. Career One of his first venturespolitik-digital.de was an award-winning platform for politics and new media, which he launched at the age of 22. The company has since evolved into a consultancy for politics, with headquarters in Berlin. In 2003 Hinrichs founded the Open Business Club GmbH, today XING AG, where both business people and students or job seekers manage their contacts. He took XING public in December 2006 and led the company to a profitable business with annual sales of €35 million and an EBITDA margin of 35%. On 15 January 2009 he resigned from his function as CEO and joined the board of directors. Later in November 2009 Lars Hinrichs sold his stake in XING to Hubert Burda Media. Accordingly, he gave up hi ...
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Hamburg
Hamburg (, ; ), officially the Free and Hanseatic City of Hamburg,. is the List of cities in Germany by population, second-largest city in Germany after Berlin and List of cities in the European Union by population within city limits, 7th-largest in the European Union with a population of over 1.9 million. The Hamburg Metropolitan Region has a population of over 5.1 million and is the List of EU metropolitan areas by GDP, eighth-largest metropolitan region by GDP in the European Union. At the southern tip of the Jutland Peninsula, Hamburg stands on the branching River Elbe at the head of a estuary to the North Sea, on the mouth of the Alster and Bille (Elbe), Bille. Hamburg is one of Germany's three city-states alongside Berlin and Bremen (state), Bremen, and is surrounded by Schleswig-Holstein to the north and Lower Saxony to the south. The Port of Hamburg is Germany's largest and Europe's List of busiest ports in Europe, third-largest, after Port of Rotterdam, Rotterda ...
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Hubert Burda Media
Hubert Burda Media Holding is a German media group with headquarters in Offenburg. It originated as a small printing business, founded by Franz Burda Snr in Philippsburg, in 1903. In 1986, the corporate group was divided up between Franz Jnr, Frieder Burda, Frieder and Hubert Burda. In the 1980s and 1990s, the company developed into a major corporation; it is now one of Germany's largest media companies. Its best-known media brands include the magazines ''Bunte'' and ''Superillu'', the German edition of ''Playboy'', the news magazine ''Focus (German magazine), Focus'', as well as ''HuffPost'' Germany, Tomorrow Focus, HolidayCheck and XING. The company also owned Immediate Media Company, Immediate Media, a British magazine publishing company. History Founded as a printing company From 1903, Franz Burda ("I"), the father of Franz Burda Sr ("II") and grandfather of Franz Burda Jr ("III") ran a small printing business in Philippsburg. The venture was largely unsuccessful, pro ...
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Young Presidents' Organization
YPO (formerly Young Presidents' Organization) is a US-based organization of chief executives with more than 36,000 members in more than 142 countries. History YPO was founded in 1950 in Rochester, New York, by manufacturer Ray Hickok, who was 27 years old when he became the head of his family's Rochester-based Hickok Belt, a 300-employee company. The first meeting was held in 1950 at the Waldorf Astoria New York and was attended by Robert Wood Johnson III (Johnson & Johnson). Hickok and a small group of young presidents in the area began meeting regularly to share and learn from each other. According to the organization, its founding principle is that of education and idea exchange among peers. * The first non-U.S. chapter was created in 1956 in Ontario, Canada. * The first YPO University was held in Miami Beach, Florida. * YPO merged with its graduate organization, World Presidents Organization (WPO), in 2007. * The YPO Global Pulse survey launched in 2009, and is a quar ...
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World Economic Forum
The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer Klaus Schwab. The foundation's stated mission is "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The foundation is mostly funded by its 1,000 member Multinational corporation, multi-national companies. The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the canton of Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss list of global issues, global issu ...
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Expats
An expatriate (often shortened to expat) is a person who resides outside their native country. The term often refers to a professional, skilled worker, or student from an affluent country. However, it may also refer to retirees, artists and other individuals who have chosen to live outside their native country. The International Organization for Migration of the United Nations defines the term as 'a person who voluntarily renounces his or her nationality'. Historically, it also referred to exiles. The UAE is the country with the highest percentage of expatriates in the world after the Vatican City, with expatriates in the United Arab Emirates representing 88% of the population. Etymology The word ''expatriate'' comes from the Latin words and , from , . Semantics Dictionary definitions for the current meaning of the word include: :Expatriate: :* 'A person who lives outside their native country' (Oxford), or :* 'living in a foreign land' (Webster's). These definitions ...
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Entrepreneurship
Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneur () is an businessperson, individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as "entrepreneurship". The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, often similar to a small business, or (per ''Business Dictionary'') as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a Profit (accounting), profit". The people who create these businesses are often referred to as "e ...
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EBITDA
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business (e.g. wages, costs of raw materials, services ...) but not decline in asset value, cost of borrowing and obligations to governments. Although lease have been capitalised in the balance sheet (and depreciated in the profit and loss statement) since IFRS 16, its expenses are often still adjusted back into EBITDA given they are deemed operational in nature. Though often shown on an income statement, it is not considered part of the Generally Accepted Accounting Principles (GAAP) by the SEC, hence the SEC requires that companies registering securities with it (and when filing its periodic reports) reco ...
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XING
Xing may refer to: * an abbreviation for crossing such as Pedestrian crossing, Pedestrian Xing or Wildlife crossing, Wildlife Xing, primarily used in North America * Chinese surname (姓, ''xing'') * Xing (surname) (邢), a Chinese surname * Xing (state), a state of ancient China during the Zhou Dynasty (1046–221 BCE) * Xing County, in Shanxi, China * Qiao Xing Universal Telephone Inc. (NASDAQ: XING) * XING, a social network platform * Xing Technology, known for the Xing Player *Xing (cultural organization), cultural organization based in Bologna * Xing, a fictional country mentioned in the manga and anime ''Fullmetal Alchemist'', home of List of Fullmetal Alchemist characters, Ling Yao, Lan Fan, Fu, and May Chang. * ''Xing'', the Ancient Chinese conception of human nature {{disambiguation, geo ...
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Berlin
Berlin ( ; ) is the Capital of Germany, capital and largest city of Germany, by both area and List of cities in Germany by population, population. With 3.7 million inhabitants, it has the List of cities in the European Union by population within city limits, highest population within its city limits of any city in the European Union. The city is also one of the states of Germany, being the List of German states by area, third smallest state in the country by area. Berlin is surrounded by the state of Brandenburg, and Brandenburg's capital Potsdam is nearby. The urban area of Berlin has a population of over 4.6 million and is therefore the most populous urban area in Germany. The Berlin/Brandenburg Metropolitan Region, Berlin-Brandenburg capital region has around 6.2 million inhabitants and is Germany's second-largest metropolitan region after the Rhine-Ruhr region, as well as the List of EU metropolitan areas by GDP, fifth-biggest metropolitan region by GDP in the European Union. ...
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Website
A website (also written as a web site) is any web page whose content is identified by a common domain name and is published on at least one web server. Websites are typically dedicated to a particular topic or purpose, such as news, education, commerce, entertainment, or social media. Hyperlinking between web pages guides the navigation of the site, which often starts with a home page. The most-visited sites are Google, YouTube, and Facebook. All publicly-accessible websites collectively constitute the World Wide Web. There are also private websites that can only be accessed on a private network, such as a company's internal website for its employees. Users can access websites on a range of devices, including desktops, laptops, tablets, and smartphones. The app used on these devices is called a web browser. Background The World Wide Web (WWW) was created in 1989 by the British CERN computer scientist Tim Berners-Lee. On 30 April 1993, CERN announced that the ...
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