Best of 2011: New Economy, Apps, and Products
Best Development of the New Economy: “If people think that boatbuilding is a sound financial enterprise, they’re nuts,” said a successful boatbuilder. “You do it because you love it,” as does JB Turner (above, right), managing partner of Front Street Shipyard. During the boom times, this prophetic message was silenced by the shouting and static from investment bankers and financial institutions getting in on the fun and buying boatbuilders for ridiculously large sums. Then the good times came to a screeching halt. From the wreckage emerged independent, passionate boatbuilders, ready to build boats for like-minded yachtsmen. This colorful cast of characters is more concerned with building a quality boat while trying like hell to keep folks employed than with securing the next round of mezzanine financing or phantom stock. Well, we salute you for keeping this industry humming along and interesting.