When you think of transformational ventures you think of northern CA, maybe LA , NYC, research triangle, Boston but Florida? Scripps has a major arm here now. So do other famous research institutes. The major investment banks have branches here. The state has poured money into medical and biotech. The state committed another $250 million last year to help fund new ventures. We are not talking about a new dry cleaners or restaurant (although they are worthy ventures). The state has its eye on transformational ventures, green technology, biotech, medical research and tech and other emerging areas.
Angel Investors and potential Board members abound --- those former CEOs of major companies, fund managers, investment bankers, and successful entrepreneurs play golf for a month, get bored and create business cards saying "semi-retired". Despite "Bernie" the wealth in Palm Beach County of full-year residents and "snowboards" is still enormous. Even Bill Gates is looking for a home on Jupiter Island. I should know --- I am on the Board of the Penn Alumni Club of the Palm Beaches, attend the MIT Enterprise Forum events (I was on the Board of the MITEF in NYC for 7 years), and work with the Wharton Club of South Florida, and attend many conferences.
So what are some of those transformational ventures? Check back as I discuss them. The Harvard Club, Yale Club and Penn Club of the Palm Beaches is about to have an event at Scripps so I will let you know about its new ventures. Can you spot a transformational venture in Florida? Post it and let us see if it gets a thumbs up or down as a good idea and venture you would invest in.
Join me and have some fun as we create a blog of the best and worst transformational venture ideas in Florida.
No comments:
Post a Comment