Richard Lane - The Promise of Age Tech

Angel Scale Biotech: Learn More

Founder, entrepreneur, and angel, Richard Lane, explains his experience investing in companies such as Alice’s Table and The Jitterbug phone.

Sponsored by Purdue University entrepreneurship and Peter Fasse, patent attorney at Fish and Richardson.

Highlights:

• Sal Daher Introduces Richard Lane
• "... The founder is in the business of discovering new territory, terra incognita. The angels and the board members are in the business of making sure that she doesn't run aground on well-known shoals..."
• Alice's Table
• "... She was helping women who were very much into floral arrangements to teach in-person classes in floral arrangement, and how to make a really beautiful floral arrangement. What her business did-- basically, she helped these women to run events. The women would use those tools in their network..."
• "... As an angel investor board member, I go in and I say, "Are you on schedule? Great. Everything's good? I don't care about that. I'll look at that later. Tell me what is keeping you up at night. What is the first stumbling block?"
• Richard's Entrepreneurial Career
• "... One of the driving things I had since my childhood was, what happens when you die?"
• Telephone Companies
• "... It's a business that didn't exist. Before that, landlines were everything. It was everything, that was telephony was a landline..."
• Pacific Telephone Company
• The Jitterbug
• "... A couple of things worth noting, a device around older people, needs to be looking at their user’s expectations. We're hardwired by the time we're 65 to think certain ways, to do certain traits..."
• LifePod
• Parting Thoughts to the Audience

Topics: angel investing strategies, founding story, product