Communityweb: An Internet Firm's Fight to Survive *‪.‬

Dan Pale, the 30-year-old CEO of http://CommunityWeb.com, faced the most important decision of his business career. After more than a year of operation funded by $1.6 million in start-up capital, his Internet company faced mounting financial pressures. Weak cash flow and rapidly increasing debt were immediate threats, while potential legal problems loomed on the horizon. Sitting at his office desk in Seymour, Indiana, on June 8, 2001, Pale pondered whether to sign an agreement with Wall Street Venture Capital that seemed to offer a way out of his dilemma. Starting http://CommunityWeb.com