Small Business School
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Winning The Healthcare Battle
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Overview Transcript Case Study Video
Kim Blickenstaff
Kim was happy to leave a big company to launch what is now Biosite with Ken and Gunars.
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Leave The Nest
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KIM: So later on the company was acquired by Eli Lilly, and Ken and Gunars and I were all in the top-10 people that needed to be retained. And I should mention that all the executives got shot within about two weeks of the acquisition, so they were out.

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Transcript Segments
Small Business School
1. Change An Industry
2. Do What You Know
3. Leave The Nest
4. Raise Money The Old Way
5. Listen To Your Mentors
6. Hire Your Replacement
7. Treat Every Person As An Equal
8. Stop And Think
9. Give To Add
10. Keep Working Even When You're Rich

But Lily looked at the product growth going forward and said this is a key group that's very successful that we have to figure out how to keep. We didn't like the corporate bureaucracy. I liked this creative, open and environment that I had with Gunars and Ken. If I could find a way to do that again, I'd be willing to take a career risk going forward and try to do that. But that wasn't available in Lilly.

In fact we actually tried to pitch to Lilly put us, Gunars, Kim and Ken off in a separate building, away from your bureaucracy and let us look at new ideas again. And they said no we don't operate that way. So we tried to do this sort of intrapreneur concept, but that ultimately became the genesis of the plan, hey let's got to find some money on our own and go out and find a garage, lab somewhere and do this on our own.

KEN: Well it wasn't really any fun anymore. We weren't really able to be innovative in what we wanted to do. It was more of a situation where we were told what to do. We couldn't really be scientists I guess is the best way to say it.

GUNARS: Kim I think at one point said well if you guys ever decide to leave this place, give me a call. And so that call was made and we started getting together deciding whether it was reasonable and could we get money to start something.

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