[Music]
we start a business we want to succeed
and we are determined to do well we see
the picture of forward chief in a few
years time but unfortunately over 80% of
the business fail with no first 18
months lost 80 percent studying didn’t
fail didn’t aim to fail from the
beginning so what’s the what’s the
difference between failing success back
in 1995 when intelligence became popular
and Google wasn’t even available at a
time I was interested in business and
register company when I was still at the
University my goal was to create this
global port of online shopping now
without needing with the annoying was
what’s needed to run a business and a
commitment to follow through the
business was surely but it was a great
idea as you see today
apart from studying I also enjoy playing
sports for my very first go-round
I got a birdie so I thought I should
become a professional golf player I
start to practice hard and spend hours
on a driving range hitting balls after
post after pause but my game didn’t
improve as much as I lacks right so I
took golf lessons and realized I need to
learn to manage my training schedules I
shouldn’t just go to the driving range
and eating thousand bowls at a time
Golf is a spore where you never take the
same shot twice from the same spot so I
need to divide my time in to develop
skills in different aspects of the game
like driving chipping party etc I was
quite dedicated I even spent a lot of
time on the amateur circuit
unfortunately I feel that go as well but
the process has given me the opportunity
to understand the 92 I need to learn
multiple skills and I need to set planes
I graduated with engineering as degree
in 1988 I decided to focus on biomedics
a combination of biology and computation
for my PhD I understood I need to learn
about biology genetics and computation
which I didn’t learn without his
background knowledge will be impossible
for me to do research in this field so I
found my by a countryman
factor sending 10 who was twins poster
at the department’s microbiology at the
same University and he agreed to give me
private classes and biology and genetics
twice a week for a year so in return I
buy him the famous Taiwanese bubble tea
and we go through the textbooks together
and share ideas in 2002 I have a paper
published in the field in the Journal of
Bangla medics it’s the first publication
in this field from our research group
and also from our University my
supervisor was happy so we decided to
shift our focus towards bankfull medics
and because I had early success in
biomedis and I failed golf so I sort of
accept that I should build a career on
by informatics
I think there’s a strong correlation
between life in sports in general they
will require multiple skills in order to
complete a single task so this time
before jumping right into the field I
decided to carefully look out my own
capabilities and what I had and what I
need to develop in order to be
successful at that time I had some
knowledge about biology genetics and
computation I had some experiencing
analyzing a tv-show
genetics data but I didn’t really have
any experience in analyzing real-world
biological problems so I decided to send
my CV to a biology Institute in 2007 my
publication and experience as a postdoc
gave me the edge to learn a position at
a current academia sinica a premier
research center in Taiwan where I was
tasked to create the biomedical facility
the purpose of the core facility was to
provide bioinformatics consultations and
services to all researchers in the
Institute it was a great learning
opportunity for me as I if he allowed me
to operate the facility like a small
business we will provide service of for
fees and with small income with my even
higher extra assistance academia sinica
turn out to be critical for my career as
he gave me the experience in setting up
a team creating a service list solving
real world problems and managing
customer relationships the University
professors are hard to manage and how to
negotiate
I was said I was that extended cynic
about two and a half years and 2010 it
was the time when DNA sequencing
technology experiences most rapid
decrease in price new and better
equipment will came to the market every
six to twelve months with the aim of job
in the cost of how human genome
sequencing to one thousand US dollars
considering that in 2003 the first draft
human genome sequencing was completed
with a badge of 400 million dollars so
at this rate I thought everyone’s
sequence everyone’s DNA would be
sequenced one day it’d be great to have
a girl to do that I didn’t set a time of
when ago will be achieved by new I need
to build a team first so I created this
company called your dream bioscience
with two departments steering and
sequencing and bioinformatics the
business plan was simple it was to build
a team that will have enough skills and
experience so that we’ll be able to
sequence everyone’s DNA and provide
important health information and second
goal the business has to survive until
when a time has come
so we decided to provide research
services to hospitals universities and
government centers so that we’ll have
income to to build and sustain our team
after a couple of years the company was
growing steadily by so there was the
increasing competition in the service
market so I was constantly thinking
about our business models and how can
make change for the better then there
was a chance to develop a clinical test
for pregnant medical and IPT well we’ll
take the black from the mothers from the
mother and then we’re analyzing the
fetal DNA which is present in the
mother’s blood and then we can provide a
very accurate genetic information under
on the baby
at that time we operate our business
like this as in a service mode where
we’ll collect sample from the client
before analysis and give report back to
the client
the the model works fine in a clinical
service market but for international
clinical service there’s a requirement
reporting around time as well as
restrictions on sin 4×4 so we decided to
change our model into an internet-based
solution we were panel with local
authorities the local laboratory will
collect samples performed DNA sequencing
and will help analyzing the data from
the cloud so the new model worked fine
and software problems of international
clinical market requirement but it’s a
reseller Alera al company to grow up
rapidly
apart from needing to be adaptive on the
business model
I was also constantly thinking about our
management structures I was thinking
that perhaps the company would perform
better by appointing other ISM others as
a manager or remove myself as a CEO
position as with often with technology
companies the founders were often the
scientists that create the technology
but not necessary the best candidate to
lead and manage the company so from the
first year I was thinking about creating
the team they’ll be able to manage the
company one day I was looking to give
the leadership experience to our team
members and allow them to make errors it
was a long-term process and finally
after six years I promote our laboratory
director to become our general manager
there are also many other skills that
cannot be developed internally so I
reach out to my good friend mr. ken sue
and dr. Ellen Chen who is expert in
finance and international marketing Alex
explained in the lecture poverty they’re
great to join us so our team now has a
CEO seeing DNA sequencing data analysis
management finance marketing and IP so
we’re much much better equipped than
ever to move forward in 2016 we made a
strong competitor from Europe called
premier health premier the health is the
public listed company in UK so I thought
well probably would not have enough
resources can be with them
as a private company so if we can’t be
them all nice to do as well join that
so after a couple discussions we agreed
to merge at the same time there’s a
company in Taiwan which i co-founded
back in 2012 called some vivid genomics
and then they also went public on the
Taiwan Stock Exchange so all of a sudden
after six years I found your gene I
became a significant shareholders for to
publish the company’s in two different
countries so just think back how much
I’ve learned again through all these
years when I first try a business when I
was at university people have asked me
how I planned for this when I start your
gene 2010 I think vision is actually
just about seeing some simple ideas and
moving gradually towards with steps and
eventually hopefully you will arrive
your final destination in our case I
said ago of sequence everyone’s DNA set
up a company called your gene I created
algorithm for prenatal screening go into
the international market and merge with
my mental health and know that you
haven’t reached my goal yet but going
back to the question of how to run a
successful business I think it’s about
constantly learning the skills that’s
required to reach your goal you may need
to change your girl or you may not reach
your goal one day eventually but I keep
learning you’ll be able to achieve many
successful milestones along the way
thank you
[Applause]
we start a business we want to succeed
and we are determined to do well we see
the picture of forward chief in a few
years time but unfortunately over 80% of
the business fail with no first 18
months lost 80 percent studying didn’t
fail didn’t aim to fail from the
beginning so what’s the what’s the
difference between failing success back
in 1995 when intelligence became popular
and Google wasn’t even available at a
time I was interested in business and
register company when I was still at the
University my goal was to create this
global port of online shopping now
without needing with the annoying was
what’s needed to run a business and a
commitment to follow through the
business was surely but it was a great
idea as you see today
apart from studying I also enjoy playing
sports for my very first go-round
I got a birdie so I thought I should
become a professional golf player I
start to practice hard and spend hours
on a driving range hitting balls after
post after pause but my game didn’t
improve as much as I lacks right so I
took golf lessons and realized I need to
learn to manage my training schedules I
shouldn’t just go to the driving range
and eating thousand bowls at a time
Golf is a spore where you never take the
same shot twice from the same spot so I
need to divide my time in to develop
skills in different aspects of the game
like driving chipping party etc I was
quite dedicated I even spent a lot of
time on the amateur circuit
unfortunately I feel that go as well but
the process has given me the opportunity
to understand the 92 I need to learn
multiple skills and I need to set planes
I graduated with engineering as degree
in 1988 I decided to focus on biomedics
a combination of biology and computation
for my PhD I understood I need to learn
about biology genetics and computation
which I didn’t learn without his
background knowledge will be impossible
for me to do research in this field so I
found my by a countryman
factor sending 10 who was twins poster
at the department’s microbiology at the
same University and he agreed to give me
private classes and biology and genetics
twice a week for a year so in return I
buy him the famous Taiwanese bubble tea
and we go through the textbooks together
and share ideas in 2002 I have a paper
published in the field in the Journal of
Bangla medics it’s the first publication
in this field from our research group
and also from our University my
supervisor was happy so we decided to
shift our focus towards bankfull medics
and because I had early success in
biomedis and I failed golf so I sort of
accept that I should build a career on
by informatics
I think there’s a strong correlation
between life in sports in general they
will require multiple skills in order to
complete a single task so this time
before jumping right into the field I
decided to carefully look out my own
capabilities and what I had and what I
need to develop in order to be
successful at that time I had some
knowledge about biology genetics and
computation I had some experiencing
analyzing a tv-show
genetics data but I didn’t really have
any experience in analyzing real-world
biological problems so I decided to send
my CV to a biology Institute in 2007 my
publication and experience as a postdoc
gave me the edge to learn a position at
a current academia sinica a premier
research center in Taiwan where I was
tasked to create the biomedical facility
the purpose of the core facility was to
provide bioinformatics consultations and
services to all researchers in the
Institute it was a great learning
opportunity for me as I if he allowed me
to operate the facility like a small
business we will provide service of for
fees and with small income with my even
higher extra assistance academia sinica
turn out to be critical for my career as
he gave me the experience in setting up
a team creating a service list solving
real world problems and managing
customer relationships the University
professors are hard to manage and how to
negotiate
I was said I was that extended cynic
about two and a half years and 2010 it
was the time when DNA sequencing
technology experiences most rapid
decrease in price new and better
equipment will came to the market every
six to twelve months with the aim of job
in the cost of how human genome
sequencing to one thousand US dollars
considering that in 2003 the first draft
human genome sequencing was completed
with a badge of 400 million dollars so
at this rate I thought everyone’s
sequence everyone’s DNA would be
sequenced one day it’d be great to have
a girl to do that I didn’t set a time of
when ago will be achieved by new I need
to build a team first so I created this
company called your dream bioscience
with two departments steering and
sequencing and bioinformatics the
business plan was simple it was to build
a team that will have enough skills and
experience so that we’ll be able to
sequence everyone’s DNA and provide
important health information and second
goal the business has to survive until
when a time has come
so we decided to provide research
services to hospitals universities and
government centers so that we’ll have
income to to build and sustain our team
after a couple of years the company was
growing steadily by so there was the
increasing competition in the service
market so I was constantly thinking
about our business models and how can
make change for the better then there
was a chance to develop a clinical test
for pregnant medical and IPT well we’ll
take the black from the mothers from the
mother and then we’re analyzing the
fetal DNA which is present in the
mother’s blood and then we can provide a
very accurate genetic information under
on the baby
at that time we operate our business
like this as in a service mode where
we’ll collect sample from the client
before analysis and give report back to
the client
the the model works fine in a clinical
service market but for international
clinical service there’s a requirement
reporting around time as well as
restrictions on sin 4×4 so we decided to
change our model into an internet-based
solution we were panel with local
authorities the local laboratory will
collect samples performed DNA sequencing
and will help analyzing the data from
the cloud so the new model worked fine
and software problems of international
clinical market requirement but it’s a
reseller Alera al company to grow up
rapidly
apart from needing to be adaptive on the
business model
I was also constantly thinking about our
management structures I was thinking
that perhaps the company would perform
better by appointing other ISM others as
a manager or remove myself as a CEO
position as with often with technology
companies the founders were often the
scientists that create the technology
but not necessary the best candidate to
lead and manage the company so from the
first year I was thinking about creating
the team they’ll be able to manage the
company one day I was looking to give
the leadership experience to our team
members and allow them to make errors it
was a long-term process and finally
after six years I promote our laboratory
director to become our general manager
there are also many other skills that
cannot be developed internally so I
reach out to my good friend mr. ken sue
and dr. Ellen Chen who is expert in
finance and international marketing Alex
explained in the lecture poverty they’re
great to join us so our team now has a
CEO seeing DNA sequencing data analysis
management finance marketing and IP so
we’re much much better equipped than
ever to move forward in 2016 we made a
strong competitor from Europe called
premier health premier the health is the
public listed company in UK so I thought
well probably would not have enough
resources can be with them
as a private company so if we can’t be
them all nice to do as well join that
so after a couple discussions we agreed
to merge at the same time there’s a
company in Taiwan which i co-founded
back in 2012 called some vivid genomics
and then they also went public on the
Taiwan Stock Exchange so all of a sudden
after six years I found your gene I
became a significant shareholders for to
publish the company’s in two different
countries so just think back how much
I’ve learned again through all these
years when I first try a business when I
was at university people have asked me
how I planned for this when I start your
gene 2010 I think vision is actually
just about seeing some simple ideas and
moving gradually towards with steps and
eventually hopefully you will arrive
your final destination in our case I
said ago of sequence everyone’s DNA set
up a company called your gene I created
algorithm for prenatal screening go into
the international market and merge with
my mental health and know that you
haven’t reached my goal yet but going
back to the question of how to run a
successful business I think it’s about
constantly learning the skills that’s
required to reach your goal you may need
to change your girl or you may not reach
your goal one day eventually but I keep
learning you’ll be able to achieve many
successful milestones along the way
thank you
[Applause]
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