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The inaugural event was a wonderful success. Here are some of the nuggets of wisdom that standout in my mind with my conversation with Dr. Pam Marrone:
When getting money from investors, make sure that you and your investors share the same values
Best investors have actual business experience (vs. Stanford or Harvard MBA grads that get a job directly with a venture fund without ever having run a business)
Make sure you get a good lawyer to protect your interests
Funding is a sales process, and the (CEO/Founder) needs to be the best sales person
When you're an entrepreneur, you have to break down barriers. Pam actually helped get a law passed that shorten the time for the EPA to review products
Marrone Bio Innovations was named after Pam's father. Marrone means chestnuts and can be also translated as cojones or guts.
Business is a Marriage between your partners, yourself, and investors so choose wisely
Pam is very passionate about the environment. She finds herself scolding employees for not recycling.
Here is video of the entire session courtesy of Uptown Studios:
Rich Foreman is the founder of KidneyLuv which develops solutions for patients with Chronic Kidney Disease. He is also the COO of IGH Naturals. Previously, as founding CTO, Rich led the team that developed the CordicoShield / CordicoFire Wellness App. Cordico was honored with the Sacramento Innovation Award in 2021. After achieving a 7 digit ARR, Cordico was acquired by Lexipol in 2020. Rich has a BS in Industrial Engineering from the University of Washington, an MPA from Troy State University and was an officer in the U.S. Navy. Rich co-authored his book, "Tap into the Mobile Economy." Rich's blog was listed in Top 20 Marketing Mobile Blogs of 2014. He has been featured on KCRA3, NEWS10, 1170 Tech AM PowerDrive, Business Radio Money 105.5, SiliconIndia, the Sacramento Business Journal, and the Sacramento Bee. Rich is also the Founding Director of the Sacramento Chapter of Startup Grind and served a term as Utility Commissioner for the City of Folsom. Rich is a regular contributor to TechWire.net and StartupSac.com. Rich was the Co-founder of Apptology which was named Small Business of the Year in 2014 by the Sacramento Asian Pacific Chamber.
