The editor of Xconomy Detroit offers up a six-pack of observations about Michigan and its economic future.
"Michigan is the land of would-be acquisition targets, not IPOs. Yes I know a weak economy and Sarbanes Oxley have made going public less attractive. But I'm struck how little appetite exists in Michigan for initial public offerings. There was a time not long so ago when ringing the NYSE bell symbolized the ultimate achievement in American capitalism. But Michigan startups are mostly content with being acquired instead growing to a point where they could be the acquirer."
Read the rest of the story here