From Deseret News archives:

Crop of standouts vying for Entrepreneur of Year

Most of the Utah finalists' companies have suffered 'near-death' experience

Published: Sunday, June 11, 2006 12:11 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
"Their accomplishments and the growth of their businesses is just startling," he said. "As a venture capitalist, I think I am familiar with most of the businesses in the state, but these women have not sought venture capital, so they haven't been on my radar screen, and their accomplishments are just staggering. They're remarkable."

But that's what entrepreneurship offers, Warnock said: equal opportunity for success to anyone, regardless of sex, race or any other factor.

"Entrepreneurship provides an independent, self-determined way of life," he said. "It allows people who might not otherwise have that opportunity to be the captains of their own financial destiny. It's not a respecter of persons — entrepreneurship rewards performance and performance alone."

"There's a large contingent of women-owned and minority-owned businesses among entrepreneurs, because they're closer to an equal footing (as entrepreneurs). Nobody is standing in their way."

Allen said entrepreneurial spirit has helped Utah's business climate rebound from the downturns of recent years.

"I think it's better than it's ever been," he said. "We have great ideas, we have a lot more financial support for startup entrepreneurs with venture-capital funds and angel investors. We also have a lot more entrepreneurial training at the university level and in the business community.

Story continues below
"There's better infrastructure, so companies don't have to start out and sell out a few years later for a few million dollars. They have a good shot at going all the way, and by that I mean to an IPO (initial public offering) or to being a very successful large company."

Utah's culture

Warnock said Utah's homegrown culture also is entrepreneur-friendly.

"It seems to be that we have a dose of a 'Wild West,' frontier kind of a mentality in our cultural heritage," he said. "We have people with pioneer blood in their veins, and there's a fierce independence in our community, and a lot of those things drive entrepreneurship."

Brittain, who worked at business schools in Texas and California before coming here, said Utahns, native or not, tend to be ambitious.

"For people with a lot of ambition, Utah doesn't have a lot of big corporate opportunities," he said. "When you put together these ambitious people and the lack of really big companies, you get an environment that favors entrepreneurship."

Brittain said the availability of venture capital funding has never been better, and entrepreneurial education in Utah — both for college students and for people interested in starting businesses — also is a strong point.

Comments

You can be the first to comment on this story.

previousnext

Latest comments

Utahn aiding poor

Truly motivational. Thanks!

Cougars going back to Vegas

An overly skinny frosh QB isn't going to get it done vs. a good Pac 10 team....

Fremont will handle Bingham tonight.....in basketball

Byu and Utah playing in sub par bowl games! You guys are always with out fail...

Let's keep energy money in the U.S.

Most of your oil comes from Canada. If you don't want it we can sell it...

Another article proving how crazy our politians are becoming. Vote them all...

In a blind test, the AP gave temperature data to four independent...

Letters: Democrats' ethics

What a pathetic position to take.

Iowa stop spurs talk of Pres. Palin

with the Demos strategy of Obama's re-election in 2012.

"The amount of Carbon emissions has steadily increased and the temperature...

Advertisements