When Bankruptcy Gives A Start-Up New Life
After seeing the company he helped found, Recordant Inc., slide into bankruptcy, Marc Wallenstein has purchased its assets and plans to restart the company – but differently this time. Wallenstein, one of the first four employees and former vice president of sales at Recordant, a provider of sales analytics technology, said he purchased the company’s patents, software and trademarks at a bankruptcy auction last month for $1,000…
Read full article: http://blogs.wsj.com/venturecapital/2009/05/11/when-bankruptcy-gives-a-start-up-new-life/?mod=rss_WSJBlog
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