We need, and deserve, more

Posted on February 15, 2021 | Atlantic Business Magazine | 0 Comments

More of what? As I write this, news of the $2.75 billion USD sale of St. John’s, N.L.-based online financial security company Verafin to Nasdaq is still fresh. On the surface, this is a huge win for the founders, the shareholders and the employees—particularly those who had options. But it is also a huge success for less obvious reasons.

In my last column I talked about the need to push the pedal to the metal on the economy of tomorrow… the new business community. Verafin is an example of this economy. A generation ago, maybe even just 25 years ago, it would have been impossible to build a company with Verafin’s value in the time frame in which its founders accomplished this feat.

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