He’s an academic who overcame his fear of doing something different because he knew he could solve problems that he had encountered in his research.
In 1999, Dr. Stuart Foster thus incorporated VisualSonics as a company that develops preclinical imaging equipment using micro-ultrasound technology. Foster, the founder and CSO of VisualSonics, joined E101 last Wednesday to share his story of taking “the long way” to build a successful company.
VisualSonics exemplifies the journey of a Toronto-based technology startup, taking expertise gained from decades in the field and rolling it up into a business that raised over $15 million before being bought by SonoSite.
The bulk of Foster’s sage advice related to raising capital:
Take his advice: he’s lived it. With a good idea, the passion to implement it and evidence that it works… get going, get incorporated and get started up!
Check out the ‘Quick Hits’ video below or click here for the full lecture.
Next lecture: The Pitch
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