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Lessons for CleanTech Entrepreneurs: Raychem CEO Paul Cook (Part 2)

Posted on Saturday, Aug 11th 2007

[This part of the story is written by Paul Cook himself]

Late in 1956, I rented a building in Redwood City, bought some used office furniture and arranged to acquire the world’s first commercial electron beam generator from the General Electric Company. I moved in on New Year’s Day 1957. I hired a handful of people in January, Jim Meikle joined as a cofounder in February, and Dick Muchmore as the other cofounder in March. We were in business under the name Raytherm Corporation, but changed the name to Raychem Corporation after Raytheon complained that the name Raytherm might be confusing to many in the industry.

The idea behind the company was to use high energy ionizing radiation to cross link polymers, imparting the capability to withstand high temperatures better and to impart other beneficial properties. I had done research at the Stanford Research Institute sponsored by the Atomic Energy Commission and learned that commercial products made by exposure to radiation might well be feasible. It was my hope that the new GE unit would enable a safe and economic process for irradiating many products. The first product we attempted to develop was a specially compounded electrical insulation extruded on copper conductors and exposed to the electron radiation. >>>

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Concur CEO Steve Singh (Part 6)

Posted on Saturday, Aug 11th 2007

Dealing with and properly addressing change is a substantial aspect of the success or failure of companies. Shifting to the on-demand model without any other examples to follow was visionary, but if implemented incorrectly could have been devastating as well.

SM: How did you change the channel at this point? You shifted to an on-demand model, you would have then had to make changes to the channel as well. SS: The changes were pervasive, and they were not related just to the channel.

iPhone Competitors: Motorola

Posted on Friday, Aug 10th 2007

In my earlier post on Motorola, I had mentioned their need for a better product mix and a better position in the SmartPhone / Convergence Device segment. There were not many changes in Motorola’s product mix in the second quarter with just upgradings to the RAZR model. This over-dependence on its RAZR model has proved detrimental to the company and it has slipped to the third position in the mobile phone market behind Nokia and Samsung.

Motorola, Inc. (NYSE: MOT) has three business segments: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. For the second quarter of 2007, the company reported net sales of $8.7 billion, a 19% decline from $10.8 billion in the year ago period. Net sales were down 40% in the Mobile Devices segment, up 9% in the Home and Networks Mobility segment, and up 42% in the Enterprise Mobility Solutions segment primarily due to the acquisition of Symbol for $3.5 billion in January this year (smart acquisition). >>>

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Lessons for CleanTech Entrepreneurs: Raychem CEO Paul Cook (Part 1)

Posted on Friday, Aug 10th 2007

Paul Cook is a legend. I had the great honor to spend some time with Paul over the last few weeks, understanding the story of how he built Raychem from scratch.

Today, Silicon Valley has embarked on yet another evolution in its history, and has been consistently committing huge chunks of capital on a genre of technology companies and entrepreneurs that have popularly come to be known as Cleantech, and encompasses clean energy, water, and other such segments.

My core thesis is that Raychem was a company that succeeded in building an Industrial powerhouse based on innovative technology, and can be a great example for these Cleantech companies and their investors to learn from. >>>

Concur CEO Steve Singh (Part 5)

Posted on Friday, Aug 10th 2007

The stock price of Concur dropped before the dot com bust, but while the rest of the industry was faltering, Concur began to climb.

SM: You changed course in 2001. Was that due to the market? SS: The change actually happened in 2000, and it was due to our business strategy transition. The market did not like the idea of us changing our business model. We hit a low point of 28 cents a share after the announcement, and the stock before was $30. >>>

Online Dating & Web 3.0 (Part 5)

Posted on Friday, Aug 10th 2007

M&A and VC activity, a business unit of IAC, acquired edodo in China and Netclub in France in February this year. Match operates 35 country sites in 15 languages. The deal will add 4 million subscribers to’s already existing 15 million.

In January 2007, Meetic acquired DatingDirect, a UK online dating site, for 27.3 million pounds (40.67 million euros/$52.8 million). Online dating service Matchmaker was acquired by Date in 2006.

MeetMoi, the mobile dating site has raised $1.5 million in funding in its first round of financing from Acadia Woods Partners. >>>

iPhone Competitors: Palm

Posted on Thursday, Aug 9th 2007

In my previous posts, I have talked extensively about Palm’s future in the face of competition from iPhone. In a nutshell, I’ve maintained that Palm either needs to come up with something impressive in the enterprise space, or go for a lower-priced emerging market killer app strategy.

Post iPhone launch, Foleo still remains Palm’s only response so far. >>>

Concur CEO Steve Singh (Part 4)

Posted on Thursday, Aug 9th 2007

SM: 1998 you went public with $6M a quarter revenue. What happened after that? SS: The company did well in the public market for a period of time. One of the major changes for us was in April 2000, before the bubble burst.

A true story, which gives you some context about us. I was headed out on a much delayed honeymoon. I had a chance during the flight to read all of our management reports. When you step back you get a chance to see where the business is going. We had acquired into some businesses that we were not executing very well on, things like HR and Procurement.

At that point you can choose to address those issues or you can choose to ignore them. As I went through this, I had a chance to see where we wanted to take the business. I saw we were excelling in the expense management side, we were not doing well in the Procurement or the HR side, and even on the expense side there was limited future on the growth of the licensed software model. >>>