The Hardware Entrepreneur
About This Show
“Software eats the world”, as one famous investor once said it. However, our Earth runs on resources and is based on atoms rather than bits. Our true progress therefore depends mainly on our producing, selling innovative physical products, that is hardware. Hardware is...different. Challenges abound in designing, manufacturing, getting funding, hiring, innovating, delivering to the customers. Resources are scattered around and only a few exist. Where do you get real, practical knowledge? This podcast is the first one for hardware entrepreneurs, where hardware entrepreneurs are interviewed from around the world, exceptional persons who founded startups or small and medium-sized enterprises. This show is for you with a desire to found and run a company in a global environment. Learn first-hand from hardware entrepreneurs who have already gone through the ups and downs of the business. During each episode the INDIVIDUAL stories are uncovered, following up with an ULTRAFAST round of questions at the end. Bringing you these stories is entrepreneur and cosmopolitan, Balint Horvath, based in Switzerland, the land of green pastures and fresh ideas.
Most Recent Episode
#033 - Elements of building a successful tech business, with (proven) serial entrepreneur Milton Chang of Incubic Venture Fund, USA
7 days ago
I’ve had a very special guest, who I got to talk to. My interviewee, Dr. Milton Chang, is a serial entrepreneur with an impressive, long track record of building hardware companies. Milton is currently managing partner of Incubic Venture Fund. He was president of Newport and New Focus, which he took public. In addition, the companies he incubated resulted in six IPOs and close to 10 acquisitions. He currently works with several companies, including Aurrion (acquired by Juniper Networks), MBio Diagnostics, YesVideo, and Protein Fluidics. He’s a Trustee of the California Institute of Technology and has recently served on the SEC Advisory Committee on Small and Emerging Companies. He writes a business and management column for Laser Focus World. Milton is also the author of Toward Entrepreneurship, a book that I consider as one of the best books on entrepreneurship - find out in this episode why. You can find out in this episode what it means for him to found a company, to grow slowly or fast. You can also learn what you should pay attention to if you come out of academia to start a business, what separates a good from a bad business idea and many many more. Raw transcript is available at: https://www.thehardwareentrepreneur.com Show highlights can be seen below: Toward Entrepreneurship - Milton Chang’s book – [3:48] Starting a niche business modestly versus rapidly growing a business in a hot field - [6:48] Bootstrapping explained with two examples from his own experience - [8:52] What were the critical ingredients that helped Milton start his companies? - [11:51] Ingredients that are typically missing in founders who start out right out of school, e.g. after a Master’s or PhD program? - [14:13] Self-actualization inside a company - synchronizing the employees’ and the company’s needs [19:02] What separates a good business idea from a bad one? - [21:50]