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An Irish software start-up has collected $230,000 using the social networking site LinkedIn. Seven hundred e-mails were sent to potential investors through LinkedIn earlier this month, generating 200 replies by phone, e-mail and Twitter. The company raised €162,500 in just eight days.
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Getting funding for your start-up can be really tough, but many budding entrepreneurs still raise capital from angel investors. An informal survey shows that the British TV show ‘Dragons' Den’ and its US counterpart ‘Shark Tank’ are actually helping to educate start-up students.
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The financial turmoil spelt bad news for most companies. Here's a look at firms which successfully emerged as the best and the ones that fell hard.
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