Compared to most VC-backed companies, a self-funded startup needs to be relentlessly frugal with its spend on things that don't contribute to the bottom line (extravagant office space and decor), and must invest extra on the things that do contribute (employees).
He said in the monthly journal Comprehensive Transportation that China could have built an extra 30,000 kilometers of conventional track with the money saved from what he characterized as "extravagant" high-speed lines.
Sheltam was extravagant by contrast, promising 11% of revenues and paying $1m for the privilege of running Nairobi's ramshackle commuter lines.Sheltam reckons it will spend $322m overhauling the railway and its rolling stock over the next 25 years.
Whether its return from a three-month hiatus truly qualifies as an event for television is questionable, though, as even ardent fans may have forgotten it is still in the middle of its extravagant first-year story line.
Downstairs is a Bond-villain lair lined with extravagant, coral-reefed fishtanks throwing out an eerie glow.
Elvis Presley's memorial in Graceland boasts 18 lines of extravagant praise; Jim Morrison's Paris grave bears a cryptic epitaph in Greek.
Dozens of other cities are following a similarly risky script: creating off balance-sheet corporations that are going deeply into debt for showpiece projects, new subway systems, high-speed rail lines and extravagant government office complexes.
Given the medium's extravagant early hype, on-line advertising remains decidedly underwhelming so far.
Powell's long, stuttering line helps his extravagant imagination encompass the practical troubles long illness entails.
The stage monitors, line array and extravagant acoustic treatments were a hit with Streisand, who said of Jackson that he was "the best sound engineer in the world".
Argentina, as expected, came charging out of the traps, swarming their England counterparts at the breakdown and very nearly scoring after four minutes, but Julio Farias Cabello's extravagant dive for the try-line was in vain.
