You are unique and that a huge percentage of things that you do are successful, but have you had some that have just bombed along the way and you go, "Wow. Gosh. I would have done that differently." My success rate is high mainly because I’m willing to kill the projects before I launc...
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So maybe you could describe the pipeline, things go from, obviously, an idea to something that becomes a research project, and then maybe it turns into a venture. Maybe you could explain the process. As most of you can imagine, it starts with a problem. The process, it begins with the...
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How do you build a large company, scale the company yourself rather than selling it? How do you know when you have just a product or a company on your hand? A simple test for that is market size. Are you solving a problem for a large market? If you’re, for example, a gastric pacemake...
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Clearly, you’ve got all of these ventures going. You need to have really amazing people for each one of them. Do you have a pool of people that you just keep pulling in off the bench for each one of these new projects or do you re-staff each one very specifically? Mir Imran: I think ...
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Are there things that you wish you had learned in school that would have made things easier for you? Mir Imran: Absolutely. From a scientific and technical standpoint, I had a very strong background and foundation, so I could go into new areas and develop that expertise, but I never t...
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So what do you consider a good exit strategy for these ventures? Do they usually get acquired? Do they go public? When does it happen? Mir Imran: If you look at my companies, I probably have sold nine companies, and an additional three have gone public, but even the ones that went public we...
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I think ideas are so easy to come up with. They’re the easiest thing. It's the implementation and it's a long road. Whenever you launch a company, it's a six- or seven-year journey if you're successful. I spent a lot of time early, and I'm willing to kill these ideas if they don't me...
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Why do you set them up as individual companies as opposed to having one big company with all of these different product lines? Mir Imran: One of the reasons startups are successful is because you have a single-minded focus on one problem. So if you have four problems or five problems u...
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