Rod Oram on Navman's recent history
here.
I have to agree that selling your company for huge profits and trying to make a world wide name for yourself is both challenging and a smart business move for NZ niche players. Also, the experience they have gained (combined with some angel investment cash) should enable a few second generation companies to have a bash at another niche. If we haven't got a decent sized company by the 5th generation or so i'd start to worry about something structural but for the first couple? nah, it was the right decision at the time.
I have to agree that selling your company for huge profits and trying to make a world wide name for yourself is both challenging and a smart business move for NZ niche players. Also, the experience they have gained (combined with some angel investment cash) should enable a few second generation companies to have a bash at another niche. If we haven't got a decent sized company by the 5th generation or so i'd start to worry about something structural but for the first couple? nah, it was the right decision at the time.