Premise: Sir Richard Charles Nicholas Branson ( born 18 July 1950 ) is an English business magnate , investor and philanthropist . He founded the Virgin Group , which controls more than 400 companies . At the age of sixteen his first business venture was a magazine called Student . Virgin Group Ltd. is a British multinational corporation venture capital conglomerate founded by entrepreneurs Sir Richard Branson and Nik Powell .
Hypothesis: Richard Branson opened a business.
Label: ENTAILMENT