Mark Horan on Building Big Hometown Companies
Take a simple Google-centric example. A New York Times article last year described two MIT PhD students, Sanjit Biswas and John Bicket, who a few years back helped to build Roofnet, a wireless mesh network that offered free broadband service to an area covering about one-third of Cambridge.
According to the Times, the pair showed their technology to Google executives, who were impressed enough that they joined with California-based Sequoia Capital to invest in a new company founded by the students. Today, Meraki Networks is up and running - in Mountain View, Calif.
Too many of our brightest young entrepreneurs flock to Silicon Valley, whose giant companies help to seed their growth.