Late 30s may sound like middle age or nearly so, but in the high-tech
world of Orange County it’s positively youthful.
If you ask local
business promoters to name young leaders of high-tech companies,
they mention people such as Steven Joe, 38, chief executive
of home networking company D-Link of Fountain Valley, or Jeffrey
Margolis, 42, CEO of health-insurance software company Trizetto
Group of Newport Beach.
The county’s emphasis on electronics and medical devices is part of
the reason its high-tech leaders tend to be in their 40s and 50s. Those
are industries where success depends less on pure youthful genius and
more on building contacts, research teams, and networks of suppliers
and customers.
But few high-tech executives here remain on the job past traditional
retirement age. After all, it’s a demanding position requiring continual
innovation and no resting on laurels.
Among the most experienced at a large local company is Philip Harding,
73, the chief executive of flexible-circuit-board maker Multi-Fineline
Electronix of Anaheim. He has been in charge there since the late
1980s, when he first steered the company into its current strategy
of developing ever-more-sophisticated types of cables and circuitry.
If the county
had more software companies – the “ultimate low-barrier-to-entry
industry,” says Gary Augusta of the business group OCTANe – we would
probably have more 20-something CEOs.
As it is, among the youngest is Kevin Maloney, 33, CEO of Santa Ana’s QuantumSphere nanotechnology
company, which he co-founded at 29.
As the company
seeks a commercial breakthrough for its nanometals in batteries
or fuel
cells, Maloney said he sought some sage advice. “I
have youth and ambition to see this through, but I humbly went out
and found older advisers … with legal, business and scientific experience.
You need some grey-haired people (to show) that you know you aren’t
the smartest person in the room.”