Everything Andrew Duffell said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Duffell: Policymakers favor flashy startups over second-stage business incubation
“Policymakers are impatient, so they want a flashy success quickly in a startup, and then hundred job announcements they can make and ribbons they can cut on the other end.”
Duffell: Second-Stage Startups Need Enterprise Connections Over Financial Modeling Help
“They now don't need to know how to build a financial model. They need different skill sets that involve market intelligence, how to pitch to larger customers, larger investors, and connections to those bigger suppliers and vendors and potential clients.”
Duffell: No other physical incubator focuses specifically on second-stage companies
“First of all, we have looked far and wide and we haven't found another physical incubator that is tailored specifically to second stage companies.”
Duffell: Most Florida Companies Avoid 5.5% Corporate Tax via Structuring
“The corporate tax rate is 5.5%, and most companies don't ever end up having to pay it because of the way they structure their own companies.”
Duffell: Entrepreneurial drive is largely innate, but business skills can be taught
“I think that the burning desire to build a company or build something really Meaningful for the world is something, is a drive, an ambition that you're probably born with or develop as a young person for a particular need. But then the other skills around buil…”
Duffell: ModMed employs 2,000, grosses $500M, and is valued at $5.3B
“Now they employ approximately 2000 people and gross over five hundred million dollars, and they're valued at their last transaction at 5.3 billion dollars.”
Duffell: Max Planck Received $90M in Incentives for FAU Research Institute
“My biggest project before I left, my previous role was to recruit the basic science research institute from Germany called the Max Planck Society. They didn't have any facility outside of the Eastern Hemisphere, so we worked with them to establish their first …”
Duffell: FAU Research Park Turns Away Numerous Drug Discovery Companies
“We get numerous inquiries from that kind of company that we just have to turn away right now.”
Duffell: Companies Are Rethinking Overseas Operations and Talking to FAU Research Park
“We have foreign-owned companies as well as U.S. Companies that were either overseas already or were about to and are now rethinking plans. So, yes, those conversations have happened and some are ongoing.”
FAU Research Park Defines Second-Stage Companies as ~6 Staff Nearing $1M Revenue
“We define that a second stage company is one that has A few employees, say half a dozen, and is getting towards having a million dollars in revenue, and is in one of these core areas for us.”
Duffell: Research Park takes no equity in tenant companies
“With us in the park, we're a separate legal entity from the university. We have not taken any positions in the companies because our reason for existing is to foster economic development.”
Duffell: Alexandria Real Estate Invested in Florida and Pulled Out
“They had an investment here for a little while in Florida and pulled out.”