The Google acquisition of Picnik is a huge gust of wind in all of our sails..
First, we have a concrete example of the talent pool created by our local juggernauts Microsoft, in this case, but other companies are drawing on expertise developed at Amazon, Concur, and others. Our local entrepreneurs step into their new companies with world class experience.
Second, we have a CEO who skillfully orchestrated high end partnership with multiple companies who all came to the table to talk software M&A.
Third, we have Google cementing their local presence and creating a healthy competition with Microsoft for the best people in the Seattle area.
And back here at Corum, the attention to our comments in Time magazine on the strategy underlying this and other recent Google acquisitions has helped us educate more companies about their M&A potential.