An additional $2 million has been raised from outside investors.
The hope now is that Western will do well enough to bring in more capital from outside investors.
So he had decided to give the outside investors their share of the fund.
However, beginning in 1993, the team began to accept outside investors.
Usually an outside investor will only get involved with a business that has high growth potential.
The rest, about 30 percent, will be owned by outside investors.
But Bcom3 plans to go public by selling stock to outside investors.
Relatively little cash has been provided by outside investors in the industry.
The proposal calls for 60 percent of the stock to be sold to outside investors within a year.
The company is likely to delay any search for an outside investor.