Exit Strategy Turns into Entry
from the new-ways-of-doing-business dept
eric fader writes “John Tu and David Sun (of Kingston Technology Corp.) became multimillionaires when they sold a large chunk of the memory chip making company in 1996 and made headlines worldwide when they decided to share $100 million of the windfall with workers.
Now they are even helping current and former Kingston employees start their own ventures. The duo will offer office space, money, and other methods of support.
As a result five ventures have been created: a venture capital co., a rent an app firm, a “secret” ecommerce firm, a one man production house, and a book..
Truley unique.”
