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Lesson for Wisconsin: Carolina tech industry took time to build

Appleton, Wis. - The president of an economic development group credited with spurring growth in the famed North Carolina Research Triangle Park says Wisconsin is in much the same position the Tar Heel State was 20 years ago, when it began to build a more robust entrepreneurial culture.

Monica Doss, echoing remarks made earlier by Bayer and Nortel.

Twenty years ago, North Carolina had no resident venture capital, but now has nearly $1 billion under management. When Doss started, most of the people who had money had made it in real estate, agriculture (tobacco), and manufacturing, and it wasn't easy to get them in a technology comfort zone. The resulting growth was ......

Full article >>> sin, is modeled after CED, and it's encountering the same risk intolerant culture that once existed in North Carolina.

"I think it's important to build a culture not just of innovation, but a culture of risk-taking that makes it more acceptable to fail," Jones said. "I had a VC describe to me, when I said I was going to move back to Wisconsin, he said `the problem is that in Silicon Valle......

Full article >>> e first generation of companies in Raleigh, Durham, and Research Triangle Park that succeeded, a lot of them were people from N.C. State who quit when they were juniors and started software companies.

"They [software deals] don't take as long, and they don't take as much money. You get a quicker return, and the risk is easier to understand for people than biotech."

......

Full article >>>
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Source:wistechnology.com By Joe Vanden Plas 10/27/06


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