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At 33 years old, Dustin Shindo is the 'Golden Boy' of the Hawaii technology scene. He took Hoku Scientific (NASDAQ: HOKU) from birth to a successful IPO in 5 years. Hoku is the first Hawaii Company to achieve a successful IPO since 1999.
Shindo has done this by thinking big. He set out to create an alternative fuel source that is renewable and environmentally friendly, run a Hawaii-based public company and create a Hawaii "brain gain".
The energy source has already been created and is being used by Sanyo and Nissan. Hoku achieved their IPO last year and Shindo believes that Hawaii is experiencing a "brain gain".
"There's this snowball effect that high tech [industry] has that most people don't see. It's not like other industries where you hire one person and create one job. In high tech you often hire one person and create more jobs," says Shindo.
Expatriates and industry experts are now living and working here because of the opportunities that Hawaii companies such as Hoku are creating.
Hoku also awarded stock to the Entrepreneur's Foundation of Hawaii and UH Foundation prior to the IPO. This stock can soon be used to help out worthy causes.
Shindo believes in helping the community and is also a part of the American Cancer Society and PBS. When asked why he is involved, this is what he said.
"In big challenges lie big opportunities…I was attracted to their approach and the people and it made a lot of sense for me to get involved with that group."
Judging by what he's done with his first goals, cancer better be on the lookout.
For more information see Hokusci.com.
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