The entrepreneurial inventor involved in the start-up of a company would benefit from a careful reading of the article titled “Seed Money Blossoming Again For Entrepreneurs“ (The Scientist, June 22, 1992, page 1). There are a lot of good lessons in it. As a scientist and inventor (of a chemical calculator) I, like biotech entrepreneur Anthony Guiseppi-Elie, who was quoted in the article, have found that investors “no longer [have] an interest in funding a bright entrepreneur simply because he has a good product idea“ and that they tend to notice you only when you reach that “million dollars in sales“ level. I am pleased that Guiseppi-Elie's persistence paid off; after numerous rejections by venture capital people, his firm was able to survive, thanks to a $150,000 investment from the Ben Franklin Partnership Program. However, while I agree with hirn that persistence is very important in attracting venture capital, persistence ...
For Scientist-Entrepreneurs: You'll Need A Lot More Than Persistence To Survive
The entrepreneurial inventor involved in the start-up of a company would benefit from a careful reading of the article titled “Seed Money Blossoming Again For Entrepreneurs“ (The Scientist, June 22, 1992, page 1). There are a lot of good lessons in it. As a scientist and inventor (of a chemical calculator) I, like biotech entrepreneur Anthony Guiseppi-Elie, who was quoted in the article, have found that investors “no longer [have] an interest in funding a bright entrepreneur s
Written byBert Ramsay
| 3 min read
Register for free to listen to this article
Listen with Speechify
0:00
3:00
Share
Interested in reading more?
Become a Member of
Receive full access to digital editions of The Scientist, as well as TS Digest, feature stories, more than 35 years of archives, and much more!
Already a member? Login Here
