Kevin,Kimberlin,lesson,and,sma business, insurance Kevin Kimberlin: A lesson in VC and smart business
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Kevin Kimberlin has made a career of recognizing technological and medicalrevolutions in their early stages. As published in Forbes magazine, Kimberlinhas distinguished himself by backing "obsessive missionaries,"such asDr. Jonas Salk, Dr. Walter Gilbert, Dr. John Wennberg, and David Huber.In 1982, Kevin Kimberlin structured the first outside financing for Millicom,helping the company to form its joint venture with Racal Electronics whichevolved into Vodafone Group Plc , now the world's largest mobile telecommunicationscompany by market cap, with over 625 million customers worldwide.In 1986, Mr. Kimberlin co-founded The Immune Response Corporation with thepolio vaccine hero, Dr. Jonas Salk. Immune Response was founded with themission to provide the world with a much-needed vaccine for AIDS, a virus thatis on track to kill more people than all the wars in human historycombined. After years of trials at a cost of $350 million, the companyplans to donate the assets to the AIDS emergency relief fund, [PEPFAR]. Run byDr. Joe O'Neill,the Whitehouse Deputy Global AIDS Coordinator, PEPFAR is thelargest international health initiative ever dedicated to a single disease.Kimberlin co-founded Myriad Genetics, the first human genome company, withDr. Walter Gilbert, the Nobel Laureate who challenged the scientific communityto map the human genome. Kimberlin and Gilbert founded Myriad to identifygenetic predispositions for killer diseases, rather than mapping the entirehuman genome. Myriad Genetics first received international acclaim bydiscovering the breast cancer gene, BRCA1. As Dr. James D. Watson,co-discoverer of DNA's double-helix structure, noted: there is "no moreexciting story in medical science. Now a leader in predictive medicine, MyriadGenetics has a Alzheimer's Disease therapy in the largest Phase III clinicaltrial to date.In 1993, he co-founded Ciena Corporation, which commercialized the firstwave division multiplexing (WDM) system - what George Gilder, author andfuturist, called WDM "comparable in importance to the integratedcircuit."- turning one-lane optical fiber into a multi-lane informationhighway, an essential catalyst in the explosion of the internet.The Wall StreetJournal called Ciena "one of the biggest jackpots in the history of venturecapital."Prior to its public offering, Kimberlin was the general manager of NextLevel Communications, a leader in VDSL, integrated broadband access platform todeliver voice, high-speed data and digital video over existing copper telephonelines. Kimberlin guided Next Level through its IPO with underwriters CSFB,Merrill Lynch, UBS and Lehman Brothers, achieving a market cap of $17 billionbefore being acquired by Motorola in 2002.In 1993, Kimberlin co-founded the first stem cell company, Osiris Therapeutics.Osiris uses adult stem cells derived from bone marrow - bypassing the ethicaland moral controversy surrounding this scientific breakthrough. By regeneratinga variety of human tissue, Osiris is treating heart attacks, Type I diabetes,Graft versus Host Disease, Crohn's Disease, and excessive exposure toradiation.In 1999 Kimberlin financed the healthcare revolution of Dr. John Wennberg asa Director of Health Dialog - a company confronting the rapidly rising cost ofhealthcare by exposing unwarranted variation in medical practice. The companywas acquired by BUPA in 2008 for $775 million.Some of Mr. Kimberlin's current business endeavors include: * Prescient Medical - predicting and preventing therupture of vulnerable plaque (the cause of 85% of all heart attacks). * Local Matters - Creating a leader in online localsearch. * Vyteris - Developing transdermal medicine to therapywithout pills or needles. * InnoCentive - Building the world's leading innovationmarketplace.Kevin Kimberlin's philanthropic endeavors support creativity, education, andscience. Named in honor of his commitment to science and environmentaleducation, the Audubon society christened the Kimberlin Nature EducationCenter, a state-of-the-art, 15,000-square-foot facility that helps visitorsbetter understand the world around them through interactive nature exhibits,workshops, and lectures. As someone who's made a career of supportingscientific and technological advances, Kevin Kimberlin knows firsthand whyteaching kids to love natural sciences is important."Mr. Kimberlin also supports charitable institutions such as the Jonas SalkFoundation; the Boys and Girls Club; Harvard University; and Yaddo, the artistcommunity founded 100 years ago by Spencer Trask and his wife. Mr. Kimberlin,formerly its Chairman, currently serves as a Director of Yaddo.
Kevin,Kimberlin,lesson,and,sma