Internet Economy Looks Strong, Some Experts Say
By Grant Gross
Still, Avon urged new companies to diversify their business plans and not depend on one revenue stream. Columbia Capital asks the Internet companies it funds to look beyond advertising for revenue or to branch out into multiple product lines, he said.
New companies should also watch their spending in uncertain economic times. "Just be incredibly careful with cash," he said. "Cash is the number one resource for a startup, and it's never guaranteed."
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