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Article: El Dorado Hills, Calif., Software Firm Secures $4 Million in Venture Capital.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 7, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Clint Swett, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News
Jun. 7--To keep her fledgling software company afloat, Libby Alumbaugh maxed out her credit cards, put her house on the market, convinced her engineers to work for minimum wage and traded her prized silver Corvette for a Ford Focus.
But the sacrifices paid off this week when Alumbaugh nailed down commitments of up to $4 million venture capital for her El Dorado Hills firm, Compass A.I.
Such funding has been scarce in both Sacramento and Silicon Valley. Venture capitalists burned by the dot-com debacle have been leery of startups, preferring to pump money into ...
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