Sometimes it takes a daring soul to enter the world of venture capital, and those souls who dare like to get in the game early. Scott Rocklage, the managing partner of 5AM Ventures, is one such daring soul. With a name like 5AM Ventures you might presume that their organization consumes or produces a lot of coffee, what else would you do at 5AM? While the company is certainly about getting in early, coffee is just an incidental sideline.
5AM Ventures is dedicated to helping form companies, clearly one of the earliest stages of any businesses growth, and it doesn’t get much earlier than ‘5AM’. With a particular focus on life science-based investments, much of Scott’s day is spent studying the newest innovations in life science when he isn’t working with portfolio company’s management teams or putting together vital information for Board meetings.
Scott Rocklage leads the company into some exciting areas, and he has a particular interest in working with those scientists, physicians, and businessmen who are working with genetics. “The explosive growth in being able to target specific mutations or genotypes to treat cancer in unique ways.” has led to investments in companies dedicated to extending and saving lives with new technologies.
While capital and technologies are vital to his success, he admits that if he had the opportunity to start over again, he’d build his business by remembering to “Focus even more on people, i.e., team selection from the very beginning of the new company.” People are the building blocks of any business and will be what holds it together through adversity and into greater success. Building the right team can make all the difference and learn more about Scott.
Scott has some advice for those seeking to be successful and productive entrepreneurs, and it all starts with organization. “I am very well organized,” says Scott, and places a special emphasis on “time management, calendaring and prioritization.” While these are vital to his success, the one piece of advice he has for budding entrepreneurs is to not fear risk, when done in measured ways. “You do best when you control your own future through entrepreneurship”.