“It Got a Bit Ugly” Sarah E. Needleman at the WSJ Small Business Blog reports: Ten months after co-founding a communications firm in 2008, Tami Hausman asked her business partner to meet at a local Starbucks. Things weren’t working out, Ms. Hausman says, and she wanted to run the New York company on her own.
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When ‘Friending’ Becomes a Source of Start-Up Funds Social networking is pretty good for keeping abreast of far-flung friends. Could it work for entrepreneurs looking for investors? That’s the question Sarah E. Needleman and Angus Loten pose over at the Wall Street Journal Small Business blog. Critics say the idea is dangerous for investors, and even dicey for the entrepreneurs. Yet, it is gaining traction with small-business owners from the Bay Area to New York, who say they eagerly await an opportunity to sell stakes in their businesses through social networking—a process known as crowd funding. The House Financial Services committee last week…