Start-ups tread cautious economic pathway
| April 16, 2008 |  View for printing |
As the signs of a recession increase, start-ups and their venture capital backers aren't panicking. But they've learned the harsh lessons of the great dot-com crash of 2001, and they're girding to endure some economic pain.
Look at World Golf Tour (http://www.worldgolftour.com), a 2-year-old San Francisco start-up that offers online golfing and photography-based animations of famed golf courses around the globe.
Launched on credit cards by tech industry veterans YuChiang Cheng, Chad Nelson and JF Prata, the start-up quickly attracted "angel" investors, Battery Ventures and Panorama Capital, who've poured several million dollars into the firm.
By Edward Iwata, USA TODAY
Full Story: http://www.usatoday.com/money/smallb ... egies_N.htm
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