Business Services Industry
Virginia Governor, Others Address Norfolk University Students about Risks.
Knight Ridder/Tribune Business News, April, 2002
By Kristen King, The Virginian-Pilot, Norfolk, Va. Knight Ridder/Tribune Business News
Apr. 19--NORFOLK, Va.--Even the state's most high-profile entrepreneur wasn't a success right out of the gate.
Gov. Mark R. Warner told several hundred students, faculty and business leaders at Norfolk State University on Thursday that his investment in the cellular phone industry -- which eventually made him a fortune -- was his third shot at business.
Warner left Harvard Law School with a life savings of $5,000. He sank it all into an energy start-up company, which "took about six weeks to go broke," he said.
Warner had slightly more luck with his next venture in Atlanta: "It took me six months to fail at real estate."
Even though...
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