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Storactive Inc

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BUSINESS
October 30, 2001 | JAMES S. GRANELLI, TIMES STAFF WRITER
Venture funding for Southern California companies tumbled 68% in the third quarter from last year's record level, but the drop-off wasn't as steep as in Northern California and the nation as a whole, according to a study released Monday. The terrorist attacks of Sept. 11 didn't have a direct effect on funding, but investors said they don't see any significant upswing for a year or more anywhere in the state or the nation.
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BUSINESS
October 13, 1999 | JUAN HOVEY
The lack of one crucial resource for a start-up, capital, can tempt you to skimp on another, management. The result is that the start-up is often crude, fragile and risky, like the first airplane flown by the Wright brothers. Many an entrepreneur finds a creative way to succeed anyway, as the Wright brothers did--and as Mark Skiba did in launching his Marina del Rey company, Storactive Inc., which makes online computer backup software.
BUSINESS
October 20, 1999 | JUAN HOVEY
The search for outside financing frustrates many an entrepreneur who runs a business at the start-up stage or just beyond it. Indeed, it's probably harder to finance a business at this stage than at any other. For one thing, commercial banks don't lend to companies that are less than 3 years old, as a rule, and in any case they want to see that the business, no matter what its vintage, can service the debt.
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