Recorded: 08 May 2008
Well, sometimes a good idea turns out not be a good idea. I mean it’s a theory to begin with; it’s just like doing research. You have a hypothesis, you try to prove your hypothesis, and sometimes your hypothesis is wrong. So, you have an idea for a company and it may turn out to not work. The idea may not work, some other technology might come around from the side and put you out of business, in effect. And then, a lot of times, my personal feelings is that they ‘big money’ the venture-capital people come in and put so much money in and bring their own management staff in and those leaders don’t really understand scientists and how to work with scientists. And, so they, they push – almost always push the scientists out of the company and then using MBA type techniques, they try to make a success out of it. And sometimes they are very successful and sometimes they don’t work…it doesn’t work.
Jim Hudson scientist and businessmen who founded Research Genetics in 1987, the company that made synthetic DNA. He received a dual major in chemistry and physics from the University of Alabama and studied molecular biology. His company was very successful and dominated the market for synthetically made DNA in USA. That allowed Research Genetics to play a main role in the Human Genome Project. Company was sold in 2000 to Invitrogen.
Jim Hudson is co-founder of HudsonAlpha Institute for Biotechnology in Huntsville. Together with his wife he formed a biodefense company, Concero Scientific.
More information: Technology Alabama