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Article: 'CAPITAL IS KING' SOME WELL-TESTED WORDS OF WISDOM FROM AL MANN, SOUTHLAND'S NO. 1 ENTREPRENEUR.(Business)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- June 22, 2003
CopyrightCOPYRIGHT 2003 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Barbara Correa Staff Writer
The key to turning a budding entrepreneur into a truly successful one hasn't changed much over the years, through economic boom times to the more recent recessionary state of start-ups.
It can be summed up in one phrase, according to Al Mann, arguably the most successful entrepreneur Southern California has ever produced: Capital is king.
``The most important ingredient (for entrepreneurial success) is adequate capital,'' said Mann, 77, founder of insulin pump venture MiniMed, pacemaker producer Pacesetter Systems, biopharmaceutical company MannKind Corp. and numerous other ventures in the medical device, ...