Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
Fable: The Rich Physicist
There was once a physicist who, in the same year he was awarded his PhD at Cambridge, set up a computer company on capital of £100.
Seven years later, the company had gone public and had a market cap of £100 million.
And the company’s founder was adjudged by the Sunday Times to be the 12th richest man in England.
At the time, he thought to himself: ‘Is this the richest I’m ever going to get?’
For 15 years it was. Then another IPO made him richer.
Moral: Start Young