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Dogma Inhibits Business Opportunity

May 23, 2018

This anecdote concerns a professional meeting I attended in pursuit of investment capital for a lab start-up.  In the past, I advised our potential investor to look at certain science as a means to improve his own product-lines.  When we didn't pitch this science as part of our lab's business model, the investor asked for clarification. 

 

This science in question represents cheap, easy methodologies for creating powerful nutrients with well-documented biological impact. Despite application across a number of industries by forward-thinking and forward-acting companies, institutional thought still holds the science and these nutrients in contempt.  And therein lay my problem.

 

The topic arose because my client was intrigued.  The current start-up pitch encompassed a different sort of lab effort altogether and the investor did not appreciate the relevance of lab specialization.  He expected one lab would tackle everything and offered funds if we applied the science in question to our own product development.

 

The start-up team turned him down.

 

Granted, I was the only one in the start-up group experienced with the topic and the investor's request blindsided me. Bad form on my part, I know, as I didn't anticipate this and prepare the team ahead of time. I reassured however, "we have this covered," and offered to manage related tasks without significant burden to the proposed lab operation. 

The team still turned the investor's offer down. The team rejected the offer as a no confidence vote in the science itself, if not in me for supporting it.  After ineffectually reviewing the topic online, they judged the science disreputable.  

 

Well, I couldn't argue with them.  The science is disreputable.  Doesn't mean it's wrong or bad, or that the resultant nutrients don't deliver as advertised. I've used them successfully for various applications for two decades.  But that's another story. 

 

We meandered around the issue  and I showed the start-up team where the science was being applied on an industrial scale. I identified various researchers developing related technologies... chemists, physicists, physicians... all manner of degreed and non-degreed professionals working hard on this "thing that doesn't exist."  The team's disposition remained unchanged.

 

They all earned higher degrees of some variety. If the science deserved merit as I claimed, they insisted they would have already heard of it.   Furthermore, respected sources, trusted institutional experts and mainstream knowledge purveyors, each characterized the topic as pseudoscience. They dismissed me, my sources, and my experiences and in doing so, they dismissed the investor's interests. 

 

The team told the investor "no." OK. Fine. They called a shot based on their experts' opinions. What was I going to do about it?

 

Missed business opportunity aside, I still have a problem. My teammates have lost confidence in my acumen. So I prepared and forwarded links intended to inform, hoping pointed education would soften perspectives. Sources included Princeton, Stanford, and peer-reviewed journals like JAMA.   But no one followed these. 

 

At some point, teammates convened to decide if I should continue working among them at all. As "the flake," my presence represented risk.  In the end, magnanimously, they decided to let me remain if I left this "crazy" stuff behind. 

 

No surprise that this group disintegrated soon after.  Our project dissolved and we separated with nothing to show for a lot of effort spent.  Just another start-up failure due to poor chemistry among principles. Maddening to think about now, after we'd been offered the requisite cash to move ahead.  Still, I gained from the experience; a renewed interest for how "educated" professionals like these will react when forced by innovative products to accept revolutionary change in scientific thought.  Because innovation and application never stops for scientific edict. Eventually, development wins.

 

Soon after, I began working on the Ascengen project as means to introduce and promote "orphaned" scientific development.

 

 

 

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