March 6, 2010 – The National – UAE
When Stacy Waite moved to Abu Dhabi last year, the opportunities for a budding entrepreneur seemed to jump from every corner of the growing city.
Experienced in working with digital media start-ups back home in the US, Ms Waite, 49, who arrived in Abu Dhabi from Los Angeles, saw a market whose surface was yet to be scratched by online businesses.
Why not launch a multilingual online training portal for hospitality workers, she wondered, or a site covering the elderly care market?
“It has been a huge learning curve,” she said. “What I have learnt is that there are so many opportunities here – but this is not an easy place to start a business.”
Ms Waite is no stranger to launching an original enterprise. When she was 19, and studying communications at the University of Albany in New York State, she started a travel business focusing on ski trips, using the student body as her first clients. In 1989, she became, at 28, the youngest woman ever to launch a hedge fund on Wall Street.
But her Abu Dhabi venture has presented a unique challenge. And to meet her goals, she’s starting a networking group for digital entrepreneurs in the capital.
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