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Nine Web 2.0 Startups Beating The Odds in Down Economy

06.11.2008
As the economy struggles, the ability to receive funding for an idea and turn it into a successful start-up company will become increasingly difficult. But at the Web 2.0 Summit in San Francisco today, nine companies explained how they got their companies off the ground with initial funds of US$50,000 or less.

At the event, (an early stage venture capital firm), noted that times had changed for Web 2.0 start-ups, making the lessons learned by companies that took modest investments all the more important.

"The genesis for this is are the economic times we're in," said. "The old days of starting a company by going to investors and giving a presentation - and then getting $2 million - are over."

With than in mind, here are nine companies that have developed nifty Web 2.0 sites (with only a little cash up front).

1.

Where they're based: Tampa Bay, Florida