Giles Shih - Eğitimin Önemi

my name is Giles Jie I'm president and CEO of bioresources international people ask me you know does your PhD help you as you grow your business and I think more than anything that persistence and perseverance the discipline of just day-in day-out going after something and setting goals and achieving them I think a lot of people that go through that HD process will tell you you have to really be driven and have to be detail-oriented and you have to deliver a product a dissertation at the end a defendant in front of your professors and your peers so I think the training has helped me to develop more of a long-term view and being persistent and diligent I'm not the first one to say this but usually when you start a business there's three elements that need to to happen if they call it the three legs of the stool you have to have good technology and that typically is the Research Institute or academic or government Research Institute the second is good people I work with a great team and everybody's got a great vibe and inspiriting and culture initiative we solve people it's kind of a list of skills and experiences at least for me that's how I looked at it but as I realizing there's a lot of other issues and things and fit and culture and drive and those non-tangible I much rather hire somebody that I feel is willing to learn and has an energy and spirit rather than someone that is fully trained but doesn't have those qualities so those are things that I've learned about in terms of hiring people and letting people go then or putting them in different positions or spots where that was so they can perform better people told me this and I didn't believe it until I started the business it's the people are what makes the business you could have a mediocre technology but you have a great team you can really build a good business around it as opposed to if you have a great technology and a mediocre team it doesn't amount to much so the people are really key and then thirdly you have to have capital and that is an in-form of venture capital or angel investors or uncle's with deep pockets that can help support that the business because especially in life science venture those first few years are money losing entities and we had to burn through a lot of cash to get to a point where we had a product that we could to market for life sciences companies there's just a lot of upfront investment necessary to fund a research lab to do the research to fund the scientists to do the work and typically it takes several years just to get even a prototype out there and so I think that is a real challenge now in terms of funding early-stage companies to become middle and then late stage companies that are successful the good company is only as good as the last problem that they've been able to solve if you can't solve some problem then you're gonna be constrained by that and there'll always be challenges and problems in your success will be tied to how you solve those and I would encourage folks that are in the sciences why are we doing this what impact does it have ask why and then if there's something that really gets you going something that becomes personal and a cause for you pursue that and harness that and go with it I think that will get you through a lot of the difficulties and challenges I think that helped me knowing that what we're going to end there today would help the industry and help feed the world