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The roots of NCT Ventures go back to 1986, when Rich Langdale sold his car to invest $5,000 in a start-up business - Digital Storage - a wholesaler of computer supplies. The company grew and diversified into international markets through a series of partnerships, joint ventures and wholly owned subsidiaries
In the early 90's the team recognized the components of its traditional business - marketing and logistics - were actually more valuable when unbundled, so they began to establish new companies focused in these areas. By the mid 90's there were a total of eight start-ups that were organized under one umbrella company. At this time the Partners moved into a role as investment operators and began looking for ways to re-invest the profits from its existing ventures.
By the late 90's several of NCT’s portfolio companies were well positioned to benefit from the valuation trends in the market, and NCT began exiting many of its investments. Along the way the Partners realized there was a lot of key learning in their business practices, so over the next few years they documented these experiences, and applied some academic rigor to refine them. This documentation was named the "Ideas to Business" model, which is the core curriculum for the Tier 1 Entrepreneurship program at The Ohio State University. NCT also uses the Ideas to Business model for all of its portfolio investments.
For the last few years NCT has focused both on investing in their community and their core competencies of marketing, logistics, and disruptive platform technologies. The Partners are very excited about the current portfolio, and believe NCT’s best years are ahead.
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Rich Langdale, Founder of NCT Ventures |
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