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Minnesota tech entrepreneur moves to Oregon for the talent
Doug Pihl has been involved in four successful Minnesota start-ups dating back to the early 1980s. Because he hired an Oregon-based management team for his latest company, computer chip manufacturer MathStar, he and the company are leaving Minnesota.
Doug Pihl is more serial entrepreneur than a flashy multimillionaire.
Some say that’s why Twin Cities angel investors — wealthy people who collectively have contributed tens of millions of dollars to Pihl startups Lee Data, NetStar, RocketChips and MathStar — were willing to help him.
That and his string of successes. Two of his companies have sold for $300 million each, and he’s credited with creating numerous other Minnesota millionaires. Pihl, pronounced "Peel," also has been richly rewarded: earning about $11 million so far for his entrepreneurial efforts.
Steve Alexander, Star Tribune
Full Story: http://www.startribune.com/535/story/415638.html
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