A Shore Thing?Many startups are sending jobs overseas. But does offshoring help or hurt business?
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Fieldglass, a multimillion-dollar software solutions company, built an offshore outsourcing component right into its 30-page business plan that landed on investors' desks when the company was first starting nearly five years ago. Four months after opening its doors, the Chicago-based firm began outsourcing parts of its software development to an outfit in Mumbai, India.
"Today's savvy investors expect a technology CEO to have built an offshore outsourcing model into [his or her] business plan," says Fieldglass co-founder and CEO Jai Shekhawat, 42.
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