News

Start-ups tread cautious economic pathway

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/smallbusiness/2008-04-15-survival-strategies_N.htm

News Catrgory Sponspor:


Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

Leave a Comment

You must be logged in to post a comment.