Professor Schorer is a serial entrepreneur who specializes in the start-up acquisition and development of small and mid-sized companies. He focuses on businesses with unique ideas or technologies that are in need of guidance during their initial growth phases. Cliff has been involved with companies in the high tech arena, his last position being CEO of GeoVideo Networks, a Lucent Technologies Venture. Prior to that his career included businesses in the real estate, office-supply and health care industries. During the early 1990's he spent a considerable amount of time in Russia using his entrepreneurial approach to assist in the privatization process During his extensive professional career, Schorer has lectured in numerous business and academic forums both in the United States and abroad. He has developed financial management software programs for business education through his publishing company Bized.
Question: Who are some business innovators?
Clifford Schorer: Well, I think there are many of them. I know actually my daughter's employed by a company named Myriad Genetics. She's in genetics and I see a startup that's on the exchange that hasn't made any money yet but is growing and growing and growing. So I think there are a lot of them out there. They're not household names but they're pretty exciting. I think there's a lot going on in transportation. You look at the — I can't think of the name of it — the little car that's coming out that's being produced on the West Coast, somebody's going into the car business and producing an energy-efficient car. Well, if you think about that, I don't think there's been a new car company started in this country in 50 years or something and here's somebody saying, "No. I got to get a better mousetrap." So there are people taking these potential technologies and really launching new businesses that are going to have dramatic impact.
Recorded on: 5/13/08