Today, I won’t talk about Lootmaar. I won’t talk about entrepreneurship, not about VCs, valuations, exit options or convertible stocks. I’ll talk about imaGynation, human life and leadership. A business plan that I’ve been working on, won the first prize for a 100,000 dollars in the CURES competition.
The company name is ImaGyn. Its business is Cervical cancer prevention in the developing world and it is as of today, not a kludgy prototype, but a funded business that will hopefully one day save the lives of thousands of women. A small dent in the problem of cervical cancer which takes 260,000 lives per year. For this one though, we didn’t want to change the world. All we really wanted was a “chance” to save the lives of 19,000 women in Haiti, Tanzania and Honduras. And now, it may just be possible.
I could talk about the CURES competition, the technology and the judges. I could tell you tales of the underdog winning, but we’ll keep that for another day, another blog entry. Today, I want to talk about Theo Tam. The guy who led the team.
At Duke you hear a lot about leadership. I’ve attended workshops by strategy consultants, US military colonels, psychologists and entrepreneurs trying to demystify leadership. Do you need to be at least 6 feet tall? Do you have to be the smartest person in the room? Do you need to boss people around?
If I’ve learned anything about leadership in the past year, it is that a leader is a person who has integrity. And I think that is what makes Theo an effective leader. What hasn’t happened to us in the past 6 months? We were told by an expert that the technology is no good. We were told by NGOs that they won’t buy it. We didn’t have an engineering team and we didn’t have money. There were moments of self-doubt, weeks actually, when we discovered competition. But Theo persistently pressed forward. He led the team by being honest, by sharing information and by telling each member that it wouldn’t be possible without him. And meaning it.
Why did I continue working on imaGyn despite some serious setbacks? It was just so much fun working with the team. I know, I promised not to say anything about entrepreneurship, but there’s an important take-away here. Start a business with people you can have fun with. You need it in times of despair and self-doubt. You need it even more when you have 100,000 dollars to kick some serious butt.
Over and out.