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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen9/5/2018 3:19:04 PM
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Add Birmingham to Tech’s Growing List of Hubs

There’s an intersection in downtown Birmingham, Ala., they call the “heaviest corner on Earth” as a symbol of its status as a steel and iron town nearly a century ago.

Today, one of its pillars – a converted bank in the John A. Hand Building – is home to Shipt, the city’s big tech success story. It employs 400 here, with plans to add another 880 jobs in the next few years.

Such is the economic renaissance of The Magic City.

“It’s been a wild ride,” Bill Smith, founder and Chief Executive of Shipt, tells Barron’s. “We started [in 2014] as a delivery-platform for other companies, and it was a failure. We pivoted to groceries, and it worked.”

Read More $ Barron’s
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