Behemoths Struggling to Innovate Hire Small Companies to HelpBy
Launched in 2006, Chris Cera’s Philadelphia startup, Vuzit, had burned through its initial investment capital by 2009, and its cloud-based document management system was not bringing in sufficient revenue to keep it afloat. The venture might have failed if a consultant hadn’t suggested it tap a new market: behemoth businesses seeking help innovating.
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