Business Services Industry
Small Web developers stake a claim as big boys stumble; Upstarts have appeal thanks to a personal touch, focus on quality.(Nascent State Inc., Tonic Studios Inc., Net Technoloiges Inc., Goldcap Design Inc.)(Brief Article)(Statistical Data Included)
Crain's New York Business, November, 2000 by vargas, alexia
Nascent State Inc. has been in the shadow of big Web development firms like Razorfish Inc. and Worldwide Xceed Group Inc. since its inception last year. To many, Razorfish has been the poster child for Web development companies. Its ability to pull off a high-priced initial public offering and quickly grow to more than 2,000 employees set the standard for the budding industry.
But now, with Razorfish's stock losing most of its value and the company laying off 10% of its employees, the spotlight is turning to the hundreds of small Web companies like Nascent. By paying close attention to the work and less to rapid growth and fund-raising, these companies are proving that Web development can be a viable business. And even as huge bricks-and-mortar companies...
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