Pittsburgh coming to Detroit's rescue
While that history may seem a bit esoteric, I would not minimize the emphasis the local business and policy folks keyed on Industry.net at the time. It was for a moment the high tech buzz in town. The story does not mention some more recent high tech firms that have grown here and then 'evolved' in some form or another. How about Fore Systems or Freemarkets (which had the largest capitalization of any firms in town the day it IPO'd)... or in a meta investment way does anyone remember the buzz when Launchcyte set up shop in town? Wait, Launchcyte is still in town. I can't find a reference quickly, but does anyone remember all the media buzz when 3 guys who had literally just graduated as undergrads from CMU set up up shop as a high tech incubator of their own. Back in the days when the dot.com boom eventually made it to Pittsburgh just a bit.
Anyway... interesting to contrast that story with a bit of business news from Crain's Detroit:
A Pittsburgh-based investment firm, iNetworks Advisors Inc., has launched what it hopes will be at least a $20 million fund to invest in startup and early-stage health and life science companies in Southeast Michigan and Windsor."