Lars Hinrichs
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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 u ...
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Hamburg
(male), (female) en, Hamburger(s), Hamburgian(s) , timezone1 = Central (CET) , utc_offset1 = +1 , timezone1_DST = Central (CEST) , utc_offset1_DST = +2 , postal_code_type = Postal code(s) , postal_code = 20001–21149, 22001–22769 , area_code_type = Area code(s) , area_code = 040 , registration_plate = , blank_name_sec1 = GRP (nominal) , blank_info_sec1 = €123 billion (2019) , blank1_name_sec1 = GRP per capita , blank1_info_sec1 = €67,000 (2019) , blank1_name_sec2 = HDI (2018) , blank1_info_sec2 = 0.976 · 1st of 16 , iso_code = DE-HH , blank_name_sec2 = NUTS Region , blank_info_sec2 = DE6 , website = , footnotes ...
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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 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'', as well as ''HuffPost'' Germany, HolidayCheck and XING. 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, prompting Burda to start a new company in Offenburg, in 1908. In 1927, the company produced Germany’s first radio listings magazine, "Die Sürag", (subtitle ...
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Young Presidents' Organization
YPO (formerly Young Presidents' Organization) is an American-based worldwide leadership community of chief executives with approximately 29,000 members in more than 130 countries, according to the organization's 2019 YPO international fact sheet. 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 ...
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World Economic Forum
The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort 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 global issues across 500 sessions. ...
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Expats
An expatriate (often shortened to expat) is a person who resides outside their native country. In common usage, the term often refers to educated professionals, skilled workers, or artists taking positions outside their home country, either independently or sent abroad by their employers. However, the term 'expatriate' is also used for retirees and others who have chosen to live outside their native country. Historically, it has also referred to exiles. Expatriates are immigrants or emigrants who maintain cultural ties such as the language of their country of origin. Etymology The word ''expatriate'' comes from the Latin terms '' ex'' ("out of") and ''patria'' ("native country, fatherland"). 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 contrast with those of other words with a similar meaning, such as ...
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Supervisory Board
In corporate governance, a governance board also known as council of delegates are chosen by the stockholders of a company to promote their interests through the governance of the company and to hire and fire the board of directors. In civil service, a supervisory board or regulatory board is often a legislatively independent body with authority over other non-governmental boards (i.e. boards embedded within and run by industry bodies), such as found in some systems of regulated marketing, especially in the agricultural sector. The scope of supervision is to supervise other supervisory bodies. Industry boards are typically oriented toward their own stakeholders, while the second-instance supervision takes a broader view of all stakeholders, including the public interest. Corporate governance varies between countries, especially regarding the board system. There are countries that have a one-tier board system (like the U.S.) and there are others that have a two-tier board sys ...
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Entrepreneurship
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an 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, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ...
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EBITDA
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) 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, lease expenses, and obligations to governments. Though often shown on an income statement, it is not considered part of the Generally Accepted Accounting Principles (GAAP) by the SEC and the SEC hence requires that companies registering securities with it (and when filing its periodic reports) reconcile EBITDA to net income. Usage and criticism EBITDA is widely used when assessing the performance of a company. EBITDA is useful to assess the underlying profitability of the operating businesses ...
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XING
XING is a Hamburg-based career-oriented social networking site, operated by New Work SE (until mid-2019 ''XING SE''). The site is primarily focused on the German-speaking market, alongside XING Spain, and competes with the American platform LinkedIn. Company history OPEN Business Club AG was founded in August 2003 in Hamburg, Germany by Lars Hinrichs. Its official debut was 1 November 2003. It was renamed XING in November 2006. In its early years, the site pursued a global strategy; however, since 2012, XING has focused on the German-speaking market, as 76% of all XING page views come from Germany and 90% come from the D-A-CH area. Leadership Lars Hinrich led the company as CEO until 2009, when he was succeeded by Stefan Groß-Selbeck. Thomas Vollmoeller has served from 2012 and was succeeded by Petra von Strombeck in 2020. Number of users As of April 2019, XING reported 16 million members, up from 10 million members in the D-A-CH area in March 2016, which at that time ...
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Berlin
Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constituent states, Berlin is surrounded by the State of Brandenburg and contiguous with Potsdam, Brandenburg's capital. Berlin's urban area, which has a population of around 4.5 million, is the second most populous urban area in Germany after the Ruhr. The Berlin-Brandenburg capital region has around 6.2 million inhabitants and is Germany's third-largest metropolitan region after the Rhine-Ruhr and Rhine-Main regions. Berlin straddles the banks of the Spree, which flows into the Havel (a tributary of the Elbe) in the western borough of Spandau. Among the city's main topographical features are the many lakes in the western and southeastern boroughs formed by the Spree, Havel and Dahme, the largest of which is Lake Müggelsee. Due to its l ...
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Website
A website (also written as a web site) is a collection of web pages and related content that is identified by a common domain name and published on at least one web server. Examples of notable websites are Google Search, Google, Facebook, Amazon (website), Amazon, and Wikipedia. All publicly accessible websites collectively constitute the World Wide Web. There are also private websites that can only be accessed on a intranet, private network, such as a company's internal website for its employees. Websites are typically dedicated to a particular topic or purpose, such as news, education, commerce, entertainment or social networking. Hyperlinking between web pages guides the navigation of the site, which often starts with a home page. User (computing), Users can access websites on a range of devices, including desktop computer, desktops, laptops, tablet computer, tablets, and smartphones. The application software, app used on these devices is called a Web browser. History ...
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