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From Marisa Ricciardi and Ray Pellecchia: Bringing together entrepreneurs, digital media executives, and journalists who cover the industry, Founders Club New York took this year’s holiday party “public” at the NYSE earlier this week.
NYSE Euronext CEO Duncan Niederauer hosted the event on the evolving NYSE Trading Floor. He was joined by Mayor Michael Bloomberg and Alexis Glick of FOX Business, who moderated a discussion between the two on small business and government regulation. For a clip of part of that conversation, click on the image embedded above.
Here are a few key takeways from the interview:
From Mayor Bloomberg:
• Government must recognize it cannot have it both ways: it cannot expect to have vigorous lending, job creation and investment if it adopts policies that discourage these essential elements of growth.
• Great innovations and advances often come in economic downturns. Although capital is harder to come by in such times, other resources are more plentiful and less expensive, including labor, space and materials. Even such great works as Central Park and the Empire State building were born in such times.
• Entrepreneurs succeed by making investments at the low end of the cycle.
From Duncan:
• Initial public offerings are coming back. This month should be the most active December for IPOs in recent memory.
• Early this year, many of the IPOs that listed on NYSE were the kinds of companies that might have been Founders Club members not long ago: great ideas that became successful businesses and then reached out to the capital markets to continue growing. Such companies include Rosetta Stone, Digital Globe, Solar Wind and Bridgepoint Education.
• More recently, many of our IPOs have hailed from Brazil and the tech sector, as well as major names such as Dole, Hyatt and Dollar General.
For a photo slide show of the event, click here.
