Thorne Sparkman | Slater Technology Fund managing director
As a seed-stage investor, I spend countless hours discovering and courting entrepreneurs, because the founders of today’s successful technology companies are the most valuable economic-development resource we have in Rhode Island.
Look beyond the fact that they often return investors multiples of their capital, and consider the skills they bring to bear and their impact – envisioning a future that others haven’t seen, persuading people that next-generation success will sprout where there is nothing today, marshaling human and monetary capital – all in the service of solving the world’s most menacing problems in health, energy and modern life.
Imagine the faith, the zeal, the sacrifice and the grit this requires!
These founders come in a variety of flavors: the insatiable technologist who somehow repeatedly advances the cutting edge in her lab or basement; the industry savant who foresees key market trends; the grinder, the pied piper, and so on. Founders such as Moses Goddard and Christopher Thanos of Semma Therapeutics, and Andrew Schiller of Location Inc., who executed successful exits this year, enabling Slater to use the proceeds to invest in new ventures.
Investing in these entrepreneurs is important, but it is rarely the only input. We need to work together to meet them where they are to create a climate of entrepreneurship here that fosters connections and learning, inspiration and risk-taking. The more founders we attract, cultivate and support, the more successful ventures are born, and the cycle repeats.