SnipSnap's team which includes 5 full-time employees and a few contractors, will continue to remain based in Philadelphia going forward and will operate autonomously, save for having access to Slyce resources including its financing and sales team.
So when the founders of LivePlanet, a new entertainment-related Internet company based in Los Angeles, went to Silicon Valley seeking financing last month, their task was challenging at best.
Alibaba, an e-commerce giant based in Hangzhou, China, went public on Wall Street last September, raising a record $25.03 billion.
In the past decade, top firms like Jones Day, based in Cleveland, went from 6 foreign offices to 18. Weil, Gotshal & Manges, based in New York, went from 3 to 9, and Latham & Watkins, based in Los Angeles, from 5 to 14.
J2, based in Los Angeles, went public during the dot-com boom in 1999, and by 2001 looked as though it was going to be one of the scores of corporate casualties of that era.
Indeed, in April, a company called Changyou.com Limited, based in China, went public on the Nasdaq stock exchange.
An email to MediaMass, which seems to be based in China, went unanswered, perhaps not surprisingly.
Stewart Brand, the founder of the Whole Earth Catalog and a business strategist based in Marin County, California, goes even further.
Poo-Chi, which was co-produced by Sega Toys, based in Japan, went on sale in Japan this month.
The next blow came in September 2001 when Renaissance Cruises, a major Alstom shipping-building client based in Florida, went bankrupt.
Groupon, which is based in Chicago, went public in November, pricing its stock at $20 a share.
