My latest column for Progress Magazine looks into the myths and realities of exits, arguing that they are good for the economy and society. Some economic development experts tend to wonder why government should back startups when the likely outcome is they sell out and the jobs vanish. This article points out correctly that often the companies and the employees remain in the area after an exit. More important, the investment capital base expends and other people are encouraged to start knowledge-based businesses.
I'd encourage everyone to jump over to Progress and give it a read, as this is a critical issue for the region's eco-system. Many thanks to Pamela Scott-Crace and the crew at Progress for running the column!