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...
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;. Caleb 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/