Difficult early days

Cotsakos explains how the company was beset by initial problems:

Like all great entrepreneurs, he had a built an infrastructure that was very small and Bill had a lot of insights and they complemented mine. I had a huge vision of what I wanted to do - unfortunately, we did not have the money, the right people, or the right technology.' Worse was to follow:

'Bill thought he had lined up credit facilities to continue funding the company - until we found out there was no money! The company was in violation of the net capital rule. So we had to find $10 million in two weeks, or we were in big trouble.

'It was just an oversight, people promise you stuff that never happens. But nobody would give us the $10 million. Finally, I ...

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