Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

An Entrepreneur For the Ages


Proving that you’re never too old to launch a startup, the Los Angeles Times reports on the remarkable story of 70-year-old entrepreneur C. Kumar N. Patel, the inventor of the carbon dioxide laser, the holder of 38 patents, and the former head of the physics and engineering departments at Bell Labs. Patel shunned retirement ten years ago and instead launched Pranalytica Inc. “I had a midlife crisis at 60,” he told the paper.

Initially, Patel’s Santa Monica start-up developed sensors that could analyze human breath for disease. Currently, the company is making small lasers to destroy antiaircraft missiles. After numerous challenges, stretched resources, shifts in product development, and changing market conditions, in 2004 Patel received a Department of Defense grant for $13 million. Today, the company reports earning $6 million in sales.

“One thing I learned is that a small company has to be very agile with respect to market opportunities. You can’t create new science all of a sudden, but you can fill in the gaps in terms of where the needs are.”


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus