Dean Samuel, a good friend and long time partner, recently sent me an email that was one of those “ah-ha” moments. His son, David, a serial entrepreneur who has successfully started and sold two companies to Time Warner and Sony for tens and hundreds of millions of dollars, recently moved from Silicon Valley to NC for quality of life reasons for his young family.
In David’s early research of the Research Triangle there is one glaring shortfall, despite its many successes. Dean wrote, “Few companies have gone public. When a company goes public, it spawns hundreds of high achieving millionaires who in turn break out on their own to create new companies. Think Microsoft, Oracle, etc. The whole area explodes with innovation and risk taking. If they stay private, no one leaves and no new companies are created.”
Interesting thought that I’d missed up until that email. I’ll check it out in my travels around the USA.