Lessons learned from a scientist entrepreneur turned investor

Caleb Bell III, Ph.D., is a venture partner at Corundum Systems Biology and also the President of Corundum convergence institute. We talk about the founding story of Bell biosystems; how they were able to work at various labs around the country with very little money; building teams, culture; raising money, interacting with investors, leadership transitions; and also how the company filed for bankruptcy, although after he left the startup;. Kalub agreed to dip into his experiences both as a founder and investor, and share some of the lessons learned around all these topics, which I believe will be very helpful for aspiring or current founders out there. Shownotes: https://www.linkedin.com/in/caleb3/ Early life as an entrepreneur and grad school training Thoughts on working with law firms: corporate vs IP attorneys Inspiration for launching Bell Biosystems (hint: Listening to NPR science Friday) Labs around the country helped perform the initial proof of concept experiments Market hypothesis Convincing the right kind of people to work with you: challenges and lessons learned Advice on recruiting and growing teams Culture: Two types of sins Becoming a manager from a founder Communicating with investors: Being a good steward of money Magnetic cells Thoughts on charging early customers;price discovery Sophisticated vs unsophisticated investors: Do your research! Leadership transitions Transitioning to investing: PE, VC Lessons learned from time at the PE firm Corundum systems biology https://www.csb.co.jp/