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Founder: Janhangir Mohammed
VC Investment over the last four quarters: $25 million
Founded in 2004, communications outfit Jasper is working to combine wireless technologies with on-demand Internet applications for consumer electronics devices and other products that reduce costly manual setup time. Jasper's founder believes the company, with less than 100 employees, is well positioned to handle the economic downturn, because its customers will be looking for ways to cut costs.
Key to startup success: "Hire the best people. People make the difference. No matter how painful it may be at the time, it is always wiser to wait until you have found the best candidate you can, rather than hire a mediocre employee. The best ones will help you achieve your goals faster than even you thought possible."