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Overview
Picking
the right business model is an important
first step toward starting a successful
business.
There are
three basic models: securing funding
from venture capitalists; growing the
business organically over time; and
designing a business for acquisition
without building it all the way into a
long-term sustainable business.
In this
webinar, Milton Chang will share his
personal experience as an entrepreneur
and an investor to show how to develop
an approach that is appropriate for your
business idea. With input from Nicholas
Colella, Milton will reveal common tech
start-up pitfalls and tell you how to
increase your likelihood of success.
Having
worked his way from engineer to “serial
entrepreneur,” Milton will also describe
what you as an engineer can do in the
course of your normal work to develop
the entrepreneurial mindset that will
empower you to come up with viable
business ideas, and enabling you to
acquire the skills and knowledge to
start and run a company of your own.
About
the Speakers
Milton Chang was president/CEO
of Newport and New Focus, took both
companies public while investing as an
engaged angel in CyberOptics (IPO),
Euphonix (IPO), Gadzoox (IPO), Iridex
(IPO), Laser Power Optics (IPO),
Lightwave Electronics (Acquried),
Questek (Acquired), Rochester Photonics
(acquired), Uniphase (IPO, now JDSU)
before forming Incubic Venture fund.
Milton is currently semi-retired,
working with portfolio companies (Grandis,
Greystripe, m-Bio, Nellix, Precision
Photonics, and Tria Beauty), writing a
book on entrepreneurship, and spending
time mentoring entrepreneurs.
Milton
came from Hong Kong, worked his way
through college, earned a B.S. in EE
with highest honors from the University
of Illinois, and M.S. and Ph.D. degrees
in EE from the California Institute of
Technology, and he was awarded
Distinguished Alumni by both
universities. He is a member of
Committee of 100, a Trustee of Caltech,
a member of the Board of Visitors of U
of I College of Engineering, and writes
business columns for Laser Focus
World and Photonics Spectra.
Dr.
Nicholas “Nick” Colella helps
Milton manage the portfolio companies at
Incubic. Prior to joining Milton in
January 2007, he served as Senior VP at
Tessera, Inc. where he contributed to
executing a turn-around of the company,
taking it public in 2003, and
subsequently growing its market cap to
approximately $2 billion. Before Tessera,
Nick was CTO and VP of R&D at PolyStor
Corporation, a lithium-ion battery
company in the cell phone and hybrid
electric vehicle market segments. In
1995, he co-founded Angel Technologies
Corporation, a broadband, wireless
communications company and served as CTO
and Executive VP. Earlier in his career,
Nick held senior positions at the
Lawrence Livermore National Laboratory
where he led missile defense programs;
and where, during his “evening job,” he
co-founded nChip, Inc., a multi-chip
module electronics company, later sold
to Flextronics. He serves on the Board
of Grandis, Inc., a spintronics company
developing STT-RAM. He serves as
Corporate Advisors to Greystripe, a
private company in the mobile
advertising space, and to PPC, Inc, a
private, specialty optics company with
photonics-based medical applications. He
served on the Board of Ultracell
Corporation, a portable fuel cell
developer; and on the Science Advisory
Board of Zyvex Corporation, one of the
first nanotechnologies ventures in the
world. Nick also contributed to founding
the National Robotics Engineering Center
at Carnegie Mellon University, and
served for several years on its Advisory
Board, including as chair. He serves on
the Board of Visitors for the College of
Science and Technology at Temple
University. He earned a B.A. in Honors
Physics from Temple University and a
M.S. and Ph.D. in Physics from Carnegie
Mellon University.
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