Pat McGovern, chairman of IDG, on the evolution of media as it gets turned on its headOver the weekend, I enjoyed a celebratory dinner with my husband’s clients. They just sold their company. The dinner discussion revolved around lessons learned about entrepreneurship. One lesson discussed is one that many successful entrepreneurs seemingly "always" learn. That is to never sell too much equity and lose control of the company early on. I then told them about my recent interview with Pat McGovern who in 1964 founded IDG, a leading technology media, events and research company. Now as chairman and still active participant, Pat owns 85% of this 46-year-old media powerhouse, which is currently generating $3 billion in revenue annually. This is not a guy who sold out early, or ever for that matter.But for Pat, IDG has ... [ read more]