Chris Sugden knows investing. As a former tech executive and current managing partner of Edison Partners, Sugden has led 32 investments for his firm, which has claiemd 500 percent revenue growth under his leadership. (U.S. 1, August 27, 2014.)
Sugden is coming to the Princeton Chamber of Commerce to share his expertise with the business community. He will appear at a networking event on Wednesday, February 7, from 8 to 10 a.m. at the DoubleTree of Princeton. Tickets are $40, $35 for members. He plans to talk business expansion, and give advice on finance, business strategy, product management, sales, marketing, and capital formation. But you don’t have to go to the event to tap Sugden’s brain.
But you don’t have to go to the event to pick Sugden’s brain. On the Edison Partners blog (www.edisonpartners.com/blog), Sugden and other experts at the company regularly post articles sharing their financial insights. In a January 15 post, Sugden discussed the “Elite 8 States Ripe for Growth Equity Investment:”
Sugden makes the case that it’s compelling to invest in the “Big Three” states — New York, Massachusetts, and California — but it’s also smart to look outside of these states for investment opportunities.
“The eight states I think present the best opportunity today have much in common: robust university hubs, industries that spawn innovation and new ideas, and relatively low startup costs,” he writes. “All but two states on this list are among the 20 cheapest states in which to live, according to the Missouri Economic Research and Information Center’s 2016 data. This allows startups to be incredibly capital-efficient early on.
“Each of these eight states have policies that encourage technology and innovation and — perhaps most important for a strong entrepreneurial foundation — ample public-private partnerships that support startup culture. In essence, these states put their money where their mouths are.”
The eight states Sugden names are Ohio, Michigan, Illinois, Maryland, New Jersey, Georgia, Florida, and Texas. About New Jersey, which, along with Maryland, are the exceptions to the cheapest state to live in criterion, he writes:
“Three of our top five best all-time returns were from investments in New Jersey. The state is in the top three for educated workforces. New Jersey’s proximity to New York and its built-in advantage for fintech, healthcare/pharma and logistics makes the state ripe for innovation, as does its commitment to spending money on entrepreneurship, in part through the New Jersey Economic Development Authority, which has invested nearly $50 million in funds that invest in emerging technology companies here.”
View the full article at www.linkedin.com/pulse/elite-8-states-ripe-growth-equity-investment-christopher-sugden.