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What are some examples of this phenomenon in the tech space? I'd guess this category would include lots of niche shareware products or legacy tools with no modern successors. Would any of them be considered "champions" rather than just profitable small businesses?
I think Germany success with hidden champions is correlated with their banking system, there are a lot of smaller regional banks in Germany that are focused on smaller businesses and allow for a market where there is a 'middle class' of companies.
There's not a single example of one of these businesses in the article
See the wiki page for a list: https://en.wikipedia.org/wiki/Hidden_champions
It has a revenue of R$20m, which falls within the arbirary hidden-champion revenue cut-off of US$5b only due to the poor BRL-USD exchange rate right now.
The natural state of a business is to become known to its target market, but keep its secrets and success hidden to avoid competition. Growing up in an entrepreneurial family for the first 15 years of my life I learned to never brag about my successes, but to show vulnerability and connect/help the vulnerability shown by fellow founders, because your network is a lot more likely to help you that way. In silicon valle…
I think this also applies to nice, affordable towns. I’ve googled “best places to live” a couple times, but every time I do I can’t help but think all the places that show up are either trying to engineer a revitalization/aren’t as nice as advertised or must be at least somewhat swamped and overpriced. Any true gems with affordable prices and great atmosphere/people are only that way while they’re still hidden. If pe…
I think there are plenty of "really nice, affordable small towns with a real sense of community" but it's constantly in flux and fragile.
Earlier quoted context omitted.
See the wiki page for a list: https://en.wikipedia.org/wiki/Hidden_champions
This scene from Cocktail includes some other ideas: https://www.youtube.com/watch?v=oHdUl8hHwKY (None of those examples are on that list.)
The natural state of a business is to become known to its target market, but keep its secrets and success hidden to avoid competition. Growing up in an entrepreneurial family for the first 15 years of my life I learned to never brag about my successes, but to show vulnerability and connect/help the vulnerability shown by fellow founders, because your network is a lot more likely to help you that way. In silicon valle…