The current surge in demand for skilled resources has created another barrier to entry for high tech startup's. Startups , already constained with cash flows, find it hard to employee resources in office. GeniTeam (www.geniteam.com), specialize in working with high tech startups and provide software engineers, who work from offshore location , forming virtual team.
The company is focussing on web2.0 startups, but wants to expand to other area's as well. The company is already helping various startups develop their products using virtual team model.