Nov. 28, 2023

Lessons learned from a scientist entrepreneur turned investor

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/