Dr. Scott Rocklage is not like your average venture capitalist and startup investor. He doesn’t come from a strictly financial background, instead, he brings over 30 years of healthcare industry expertise to better help his company 5AM Ventures identify the best small startups in the medical field.
After having joined the company in 2003 the company has seen incredible success investing in dozens of innovative medical technology startups.
With over 30 patents under his belt in more than 100 peer-reviewed publications issued to date, Dr. Rocklage has a proven history when it comes to the development of new medical technology and pharmaceuticals.
After having done all this on his own, he realized just how many excellent ideas out there were not being recognized and not being sufficiently invested in. This is why his work at 5AM ventures is so important to him.
In addition to his work as an investor, he helps his companies do the best they can be by serving as a consultant. His experience has taught him many things which he now shares with the companies he invested.
Most notably, he lets clients know that they should not be afraid of measured risk-taking. He believes that individuals control their own future, and just like any other science you can be nearly certain of the outcome with the right data and measurement.
He finds that medical scientists forget the state of driven approach out of fear for the unknown reality of business when they had nothing to fear in the first place. Read more: Scott Racklage | Bloomberg
He also encourages business owners to think carefully about the people that use to work with. He believes that most of his missed opportunities where the result of not working with another person.
At the same time, he emphasizes that people have a certain fundamental nature that is hard to change; entrepreneur should not expect an employee or partner to change, even in the face of criticism or performance review.
When stuck with a difficult partner, it is often best that does entrepreneur moves on and separates from this partnership.
Dr. Rocklage and the companies he invested have shown proven success time and time again under these rules. Even if your business is not in the medical field, it’s safe to say that these rules can guide you all the same.