Duo Security's Dug Song wants to 'double down' on local ties, regionalism

Ann Arbor-based Duo Security Inc. is getting a new San Jose, Calif.-based owner, but co-founder Dug Song says he's not taking his magnifying glass off of Southeast Michigan.

Duo Security has agreed to a $2.35 billion acquisition deal with global networking giant Cisco Systems Inc.

The acquisition, believed to be the biggest of a venture capital-backed startup in Michigan history, set experts abuzz with expectations of ripple effects.

Crain's spoke Tuesday with Song, a self-proclaimed hacker who's known for entrepreneur mentorship efforts. The Crain's 2017 Newsmaker and Michigan Change Maker chatted about how his 8-year-old tech firm came to be acquired by Cisco, Southeast Michigan regionalism and what the local startup community is missing — he says the big problem isn't capital.

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