California’s Entrepreneur Politicians
Many of today’s state legislators received their start after the mid 1990s when California’s term limit law took effect and representatives who had been in the legislature for years were being forced to retire. This was around the same time as the dot-com boom that brought thousands of entrepreneurs and startup companies into California.
The cultures of both the political and business generation that received their starts in the 1990s are very similar. A few comparisons will help illustrate the point:
Resilience – failed companies in the 90s prepared CEOs for the next big opportunity. We see this quite often now – candidate loses one election only to run for another seat and win in the next election cycle. How quickly you can dust yourself off and get back in the game after a loss is important now days and nobody’s career is ever over. Think Lt. Governor John Garamendi – lose primary for Governor in 1998 and then run and win Lt. Governor in 2006. Or Assemblyman Nakanishi – run for Assembly and lose, run for State Senate and lose, then run for state Assembly and win. … Read More