Greg Cangialosi started Blue Sky Factory, a leading email-service provider, in 2001 with an initial investment of “only a couple thousand dollars,” he admits.
“We started in 2001, when getting investors wasn’t even possible [due to the 9/11 terrorist attacks],” the president and CEO tells WEALTH magazine. “We had no choice but to bootstrap it. We launched without any venture capital and grew it organically. We did $3.6 million [in 2008] and are on track to do $5 million [in 2009].” (more…)