Ann Arbor-based Duo Security Inc. is getting a new San Jose, Calif.-based owner, but co-founder Dug Song says he’s not taking his magnifying glass off of Southeast Michigan.
Duo Security has agreed to a $2.35 billion acquisition deal with global networking giant Cisco Systems Inc.
The acquisition, believed to be the biggest of a venture capital-backed startup in Michigan history, set experts abuzz with expectations of ripple effects.
Crain’s spoke Tuesday with Song, a self-proclaimed hacker who’s known for entrepreneur mentorship efforts. The Crain’s 2017 Newsmaker and Michigan Change Maker chatted about how his 8-year-old tech firm came to be acquired by Cisco, Southeast Michigan regionalism and what the local startup community is missing — he says the big problem isn’t capital.