San Francisco – December 17, 2010 – BootstrapLabs is establishing a presence in Asia and will in the coming weeks recruit the first staff members to its partner office in Colombo, Sri Lanka.

“We see many advantages, besides cost advantages, with a presence in Colombo. Skilled and motivated workforce with almost no language barriers. This is part of securing skilled staff for the continued growth of our portfolio companies, such as Urban Metrics and FunRock Media. I am looking forward to learn more about the Sri Lankan culture and business climate”, says Nicolai Wadstrom, CEO and founder of BootstrapLabs, in a brief comment.

BootstrapLabs (www.bootstraplabs.com) is a Silicon Valley Business Lab and outpost, founded by Swedish serial entrepreneur Nicolai Wadstrom. BootstrapLabs is a testing ground for new ideas, with an infrastructure that allows BootstrapLabs to bootstrap many ideas and turn the best of them into companies with a network of human and financial capital to bring them to market.

For more information contact:
Nicolai Wadstrom, CEO/Founder, BootstrapLabs, +1 415 935 1469, nicolai@bootstraplabs.com

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