From dot-com boom to the brink and back

10 September 2009

The Times published an interview with the CEO of StepStone, Colin Stenwick, recently which highlights the issues which need to be overcome in building a successful business. StepStone, an online recruitment company, was one of the stars of the internet boom and also one of its biggest casualties when the bubble burst. In this article, he tells the story of how the company went from having €300 million in the bank, to having 3 weeks' cash and mounting losses, to slowly turning the business around into the successful LSE-listed company it is today.