Young Millionaires Part I

AltiTunes Partners LP

Owner: Amy Nye, 29
Year Started: 1994
Start-Up Costs: About $100,000
1997 Projections: $2 million plus

Amy Nye is not into one-hit wonders.

Her company may have started small, but the airport-based music kiosks have struck a chord. Since we last wrote about Nye in 1995, AltiTunes has grown: She now has eight kiosks-plus 12 scheduled to open by year-end-selling 1,800 CD titles in northeastern U.S. airports.

Nye, a self-proclaimed music junkie, composed the idea in a European airport. "I saw a cassette tape stand-I was so excited to see it," she recalls. "Ten years later, I decided to start my own business; I thought [that concept] should be brought to the States."

Bring it she did-but only after a hard sell to management at LaGuardia Airport in New York City, where AltiTunes is based. Says Nye, "It's always tough to get spots in airports. That's the toughest part of my job."

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This article was originally published in the November 1997 print edition of Entrepreneur with the headline: Young Millionaires Part I.

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