Below are various lectures and articles from Richard Caro, for people who are creating and growing high tech businesses.
These are not recent. But the material in them is pretty timeless. Much of this content has been publicized more recently by the Lean Startup movement.
View a series of live workshops on the theme of Applied Entrepreneuring: Turning Technology into Profits. This includes three separate workshops on the topics of:
- Ingredients of the Business Concept;
- Common (avoidable) Startup Errors;
- The Value Creation Framework.
View live video recordings: Applied Entrepreneuring Workshops.
Avoid the Valley of Death.
View a live interactive recording on how to avoid the Valley of Death when commercializing technology.
View live video: Avoid the Valley of Death.
It’s a rare startup that picks the right path, and then executes flawlessly. All too often, key value milestones are attacked in the wrong order, or neglected all together. We think “Balanced Execution” can save time and money, and improve the chance a new venture will succeed.
View Balanced Execution saves time and money (online article)
Science to Profits Blog
From 2011 – 2015, Dr. Caro wrote a (very) occasional blog called SciencetoProfits. He has used it to talk about innovation, crowd funding, and his recent interests in the intersection of aging and technology.
It also contains an extensive series of studies on the economics of healthcare, done when Dr. Caro was trying to understand where all our healthcare dollars actually go, and what that might suggest in terms of places to look for opportunity.
Other Related Articles
Getting from science project to profitable business
Creating a profitable business built on a scientific or technological innovation is a complex task, requiring diverse skills and a lot of time. One of the most challenging aspects of building such a business is navigating the transitions between three quite disparate types of human endeavor: research; business creation; and ultimately the management of a going concern.
This article focuses on the initial steps of a voyage which starts with the genesis of a scientific idea; leads to the creation of a product that meets a specific need of a specific class of individual; and results in creation of a profitable business, built on delivering that product to those individuals.
This article was written back in 2004. A lot has changed in the world since then, but most of the principles described in this article remain relevant. If you would like a copy, just send us an email and ask for a copy of the article “Science to Profits”.
Ten common startup errors
It’s well known that many startup fail. It’s less well known that many of them fail because the team makes one (or more) of a set of common errors, made by many others before them. We believe that many of these errors could be avoided, if only entrepreneurs would learn from history. This article is for those who want to avoid the mistakes of their predecessors.
This article is based on close observation of many startups in science-based fields like electronics, biotech, photonics and nanotechnology. Interestingly, we see common patterns across all these industries. While the article focuses on lessons abstracted from our work with companies that participated in the photonics bubble (some successfully and some not), we believe these lessons apply quite generally across the above industries, as well as to other similar, science-based fields.
This article was written back in 2004. A lot has changed in the world since then, but most of the principles described in this article remain relevant. If you would like a copy, just send us an email and ask for a copy of the article “TangibleLessons”.