The Secret History of Minnesota Part 1: Engineering Research Associates
Steve Blank
DECEMBER 11, 2023
Parker became President, and got 50% of the company’s equity for a $20,000 investment (equal to $315K today) and guaranteed a $200,000 line of credit (equal to $3M today). Norris became the VP of Engineering, Engstrom the VP of Research, and Meader VP of Manufacturing. How Did ERA Grow So Quickly?
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