Even by the heady standards of one of Europe's fastest growing economies, the Estonian housing firm Nova Haus was on a roll. Launched in 2004, with initial funding of just $13,000, it grew so fast that by 2006 it boasted 120 workers and a $2.5 million profit. In 2007 Nova Haus even took home the Estonian government's award for Developer of the Year. "It was crazy how easy it was," recalls Hegert Lepik, 28, a lanky economics graduate and father of two who helped found the company. "I kept asking myself: How is this possible? It almost didn't seem real." In...
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