I have to say, I was so excited to talk to Bruce, and it
Speaker:did not disappoint. We talked about all kinds
Speaker:of things, including AI. You could almost see him switching
Speaker:hats. He was like, OK, I'm going to put on my chief people officer
Speaker:hat, and now I'm going to put on my chief legal hat, and now my IP hat, and
Speaker:Bruce is a super interesting person. He has a wealth of
Speaker:experience. He is currently the chief legal officer and corporate secretary
Speaker:at Deep Cell, but he has held a variety of positions with
Speaker:a variety of companies and just a really interesting guy to talk to.
Speaker:So I think people are really going to like this episode. Bruce, thank you so
Speaker:Awesome. Well, as always, our first question is, what did you want
Speaker:Yeah, I spent a lot of my time trying to figure it out rather than what
Speaker:I want to be, but what I like to do. And so with
Speaker:all the activities that I sort of try, attempted, I sort
Speaker:of came to a conclusion that I like to kind of
Speaker:ask, they all grab at two things, right? One is that I like to help
Speaker:people. I, for some reason, I found even
Speaker:at seven years of age, that people have a tendency to
Speaker:come and wanting to talk to me. They want to just talk
Speaker:to me, ask for suggestion or just for me to listen. And
Speaker:so I found that to be fascinating. And then if there's anything I can do to help people, even
Speaker:just cousins, neighbors, and I don't know, parents, I
Speaker:love doing that. And then the other one is I like to build things, events.
Speaker:So there are a lot of broken watches. be put
Speaker:together or sometimes they're together, but sometimes they're not. But
Speaker:what I also enjoy doing, I find myself liking to do, is to
Speaker:find some sort of pattern out of chaos. And
Speaker:so you could be putting things together in a new way or the
Speaker:same way, but I just enjoy that. And so now that I
Speaker:am a chief legal officer at the license company, And
Speaker:along this way, I have tried, again, dabble,
Speaker:I've dabbled in engineering. I have dabbled in business development, of
Speaker:course, legal, HR. And I
Speaker:would like to think that I still have kept a little bit of that
Speaker:It sounds like it. That is really very insightful as
Speaker:a seven-year-old because I definitely was running around in my backyard pretending
Speaker:to be a horse. So I'm really impressed
Speaker:by, you know, how you went about that career exploration and
Speaker:just staying true to yourself. You have a really interesting
Speaker:background. We talk a lot about career paths, both here on the
Speaker:podcast and we work with a lot of job seekers, just guiding
Speaker:them and thinking about what is possible. Your career
Speaker:path is really cool. And so I wonder if you could walk us through
Speaker:the adult part of the career path, you know, from school
Speaker:to where you are now, because you have a number of degrees and it's just really
Speaker:Yeah, I started my academic
Speaker:career thinking I was going to be a professor. I've
Speaker:enjoyed the academia portion of it. I like to do research, I like
Speaker:to find new things, learn new things. But shortly
Speaker:after I started my graduate school at MIT, I
Speaker:realized that I enjoy providing
Speaker:advice as I end up just by coincidence as
Speaker:an advice columnist at MIT Newspaper. And I found
Speaker:myself enjoying that a lot more than the
Speaker:lab itself. And that's
Speaker:also where I started to realize that there is that human element that
Speaker:I really, really liked. And again, if anything, that reminds me of
Speaker:the seven-year-old Bruce, right? They wanted to work with people together,
Speaker:but at the same time, still being able to build things and
Speaker:use the science aspect of it. And
Speaker:then so that's when I started to pivot to a more
Speaker:legal career. And so
Speaker:from that, that has been sort of my trajectory. And at the same time, I
Speaker:never really lost sight of trying to try
Speaker:different things, right? And then along the way, I picked up, as
Speaker:I mentioned earlier, there's the business development aspect of HR
Speaker:and others. And so rather than thinking that those
Speaker:are sort of discrete milestones, I sort of see them as just, I
Speaker:happen to be at the right time with
Speaker:the right people at the right place who are willing
Speaker:to invest in this person,
Speaker:me, and explore a potential new venture together.
Speaker:Yeah, how did you actually get into the biotech space? Because
Speaker:Yeah, so I actually, my initial research
Speaker:was actually on nanotechnology by physicists. And then it
Speaker:was sort of, but I finished, once I finished my master's degree, I
Speaker:decided to do something a little different. So I, for my PhD, I
Speaker:went into medical engineering. And so that was
Speaker:my first foray into a more bio area. And
Speaker:it just happens. And again, when I was in a law firm, I
Speaker:worked with clients in all types of spaces. I've worked with high tech
Speaker:companies, semiconductors, emerging technologies, and biotech. And
Speaker:it just somehow the biotech sort
Speaker:of end up just stuck, right? And be it sort of the mentality, personality,
Speaker:or just opportunity themselves. And I just ended up working
Speaker:That makes sense to me because as somebody who likes to do
Speaker:a variety of things myself, biotech is
Speaker:nothing if it's not variety, right? There are so many
Speaker:interesting technologies coming through and it's fast paced
Speaker:and for better or worse, we do move around with
Speaker:different companies because it's a bit volatile. But
Speaker:for the right personality, that means a lot of fun experiences. So
Speaker:Well, and I think it was Lynn Walder, who we spoke to on the podcast a
Speaker:few weeks ago, who said the thing with biotech is even when you try to
Speaker:get out, you always get sucked back in. So it's
Speaker:like once it sinks its claws into you, you're just working in biotech. That's
Speaker:And just to your point too, biotech is so broad, right? AI
Speaker:is biotech. The company I'm right now at,
Speaker:they try to marry AI engineering and biology all
Speaker:together. So it's as broad as you want it to
Speaker:Can you tell us a little bit about that? Let's dive into that topic because your
Speaker:DeepCell is the company where I'm at right now. It's
Speaker:using AI to image or understand
Speaker:better the cell morphological features
Speaker:so that we can better understand the different properties of cells. And
Speaker:with the hope that maybe it will provide
Speaker:better indications or information that
Speaker:might lead to treatments and all that cool stuff down
Speaker:And you're wearing a few hats there. Do you want to tell us about the couple
Speaker:Yeah. So I joined as a chief legal officer and
Speaker:the corporate secretary of Deep Cell. And recently I also became
Speaker:the interim head of people. And this is
Speaker:not actually my, not my first time being the head of people, but
Speaker:the interim head of people role at Deep Cell was fairly
Speaker:Can you take us through a little bit of what a day in the life looks
Speaker:like in your job, wearing all these hats and working with this cool
Speaker:tech? What do you do when you wake up? And what does your day look like?
Speaker:So my, my, I was going to say my every
Speaker:day is different, but I don't, I think my every hour is different. And
Speaker:then the joke I've turned into is, it's just being, I'm pretty
Speaker:much an octopus, right? I just got off a call. I could be having one
Speaker:call about IP. Um, and the next call
Speaker:I'll be talking about, uh, retention and the next time will be
Speaker:diversity. And the next time would be back to potential contracts.
Speaker:So it's exciting, it's
Speaker:chaotic, but at the same time, it allows
Speaker:me to look at the company even more holistically than
Speaker:That's a legit hat you're wearing, head of people. So we, you
Speaker:know, we work with some very small companies and a head of people
Speaker:might be overseeing, you know, 10 people. And that,
Speaker:you know, that's pretty early to bring in a head of people, but we've seen it before. But
Speaker:a hundred, that's a job. That's a lot of people to care
Speaker:How do you, I mean, if you don't mind me asking, I
Speaker:feel like, you know, everyone, maybe not to the extent that you
Speaker:do, but people are switching gears constantly, but that can be so
Speaker:exhausting and draining. So do you find that energizing or
Speaker:do you do something for yourself that kind of like resets when
Speaker:like at the end of the day, you're like, well, I was in 76 meetings and I literally
Speaker:I think my answer is a little bit of both, right? I will say I
Speaker:am an introvert, so I recharge by having
Speaker:a long time to decompress and then to be able
Speaker:to think through things. But at the same time, and
Speaker:back to my earlier comment, I just enjoy fighting
Speaker:that thread in a pool of chaos, and
Speaker:they thread that into different needles and thread it into
Speaker:something that makes sense. So to me, HR and
Speaker:legal are not necessarily independent because to me they are actually intertwined.
Speaker:Right. How do you make sure that people are empowered to
Speaker:do what they do so that, for example, the company can
Speaker:have the IP generated by the people because those are
Speaker:the assets. And how do you protect this IP that you generate? Because
Speaker:I have noticed that, you know, at companies about that size, it
Speaker:seems like many times the offices for the
Speaker:head of legal and head of people are very close by in proximity
Speaker:because there's a lot. There's a lot of exchange there, you
Speaker:know, to your point. So I want to think a
Speaker:little bit about the strategy role that you're playing as well. So
Speaker:in a growing biotech, I would break these
Speaker:out into two different questions, but let's just keep them together. What
Speaker:are the main strategies that you're thinking through on a daily basis so
Speaker:that you can help the company grow? Whether that's legal people,
Speaker:you know, what are the things that you find most enjoyable and impactful
Speaker:I see myself as a strategist. I spend a lot of my time trying
Speaker:to preempt what the outcome could be in
Speaker:a way that makes sense, right? And a lot of my GC
Speaker:friends, they are trained to sort
Speaker:of put out fires, right? Litigation ensues or
Speaker:transaction happens, then they turn into a
Speaker:more reactive, and there's nothing wrong with it, just different
Speaker:models, different business, a way of doing things. But
Speaker:I spend a lot of my time trying to craft a strategy in
Speaker:a way that if something unexpected happens,
Speaker:it's not an entire surprise. For example, we look
Speaker:at potential problems on the road for IP. We
Speaker:look at potential employment issues because of the new law that came out. Or
Speaker:the AI thing that just, you know, everything is sort of I'm
Speaker:not trying to find an answer to everything. I
Speaker:think it's important to know that because the moment I
Speaker:say I know everything is the moment I don't think I
Speaker:know everything or anything. So if I spend all of my time to
Speaker:understand what the problems are and can be and
Speaker:find a way to proactively mitigate the potential
Speaker:consequences of it. And by doing that, then I
Speaker:look at, back to your second part of the question, what empowers me, right?
Speaker:And so I, I find it the most energizing, um,
Speaker:to be able to work with the people. Um,
Speaker:I, I enjoy working with scientists, um, that sort of go back to
Speaker:my, my IP route, but I also enjoy working with.
Speaker:people on the non-IP portion, right? Talking about inclusion, talking
Speaker:about how to make a place more empowering
Speaker:for all kinds of employees. It touches
Speaker:on the humanity portion of my interests. So
Speaker:I like to weave them together, because I
Speaker:I like the way you describe that. I also like to look
Speaker:for things that could go wrong and have a plan for it. But
Speaker:I just call myself a negative optimist. I hope that it all works
Speaker:That's exactly a point well made. One of the things that I have tried to
Speaker:do so that, you know, lawyers have a reputation, right?
Speaker:Part of no. One of the things I try to do so that I don't become
Speaker:a part of no is I say I'm a part of maybe. Right.
Speaker:And so the way I do it is to say here are the risks. However,
Speaker:here are the things we can do in view of the risk. Now we
Speaker:have a menu in front of us to pick, rather than, no, no, no, no,
Speaker:no, no, no, no, no. And that also allows
Speaker:me to work with the other teams. For example, at the exact choosing
Speaker:level, at the different functional groups, or even down to the
Speaker:most junior of folks. Now we know the
Speaker:different risks. How do we then sit together and
Speaker:craft a strategy that people can actually
Speaker:Yeah, I think risk mitigation is such a fascinating thing. And it's
Speaker:kind of fun, right? Because if you're looking ahead and it's a risk down the
Speaker:line, it gives you more room to play. And you also do put parameters in
Speaker:I am the one, though, who is running ahead full speed. And Allison's
Speaker:like, have you considered X,
Speaker:Y, Z. It's really helpful to have somebody on the team who is maybe a
Speaker:little more, I'm the classic entrepreneur who's like,
Speaker:Right. And you talk about empowering and the energizing part. One
Speaker:of the part I, what makes, what drives a
Speaker:lot of the exercise I said, despite what I said, that being the
Speaker:part of it may be, is I surround people, like surround
Speaker:myself with people who are very different than I am. And
Speaker:that's intentional. I very often hire people who
Speaker:are very different than I am just so that I can get a
Speaker:new perspective, right? And so while I'm doing what I'm doing,
Speaker:my approach is this, I want to make sure there are other people checking
Speaker:to make sure I am not putting myself in a bubble and lose sight
Speaker:of what I don't know, what I don't know, right? And so that has been
Speaker:empowering. It's sometimes uncomfortable because people
Speaker:are different than you are. I intentionally put myself in an uncomfortable situation,
Speaker:but the idea is so that I can grow, the team can
Speaker:And you do a decent amount of work within the
Speaker:DEI realm as well in your company. So I
Speaker:think that getting comfortable with that diversity, that
Speaker:really, once you are comfortable, that makes the
Speaker:whole company better. And I wonder what
Speaker:your perspective is on helping people to push through that and sort
Speaker:of setting the stage for creating that diversity, those
Speaker:different perspectives within the company and helping people to overcome maybe their discomfort,
Speaker:Yeah, so I would say of the D, E, and
Speaker:I, I actually focus a lot on the I.
Speaker:It's not to say the other two are not important, but of the three, I like to focus
Speaker:a lot of my efforts on the I, the inclusion part. And
Speaker:as a gross analogy, the diversity will increase numbers,
Speaker:it will change representation. The equity might actually bring
Speaker:people in, but it's the inclusion piece that
Speaker:makes people stay. And so how do I do it
Speaker:so that people feel they're included? And included to me
Speaker:doesn't mean, okay, you have a party, I invite you. It's that I
Speaker:want you to feel like you're part of the dance. You don't
Speaker:get a ticket and that's it. You are part of the party to
Speaker:dance with me. And so to me, that is
Speaker:my, that's all of my efforts on that piece of
Speaker:the D&I, or I like to call it ID really, I'd
Speaker:reverse the order. But that also means that people
Speaker:come from all kinds of backgrounds, right? And people have different
Speaker:levels of comfort, they view the world differently. So
Speaker:very often we need to calibrate not to lose ourselves.
Speaker:I would like to be true. I think it's important that we are true
Speaker:to ourselves. But how do we do that so other people can
Speaker:also be true to themselves? I think that that has been a
Speaker:lot of work that needs to be done, right? And how do you do it
Speaker:so that people feel they're listened to, they're seen?
Speaker:At the same time, more importantly, they are empower to
Speaker:contribute. Because being seen is one thing, but feeling like they
Speaker:can be part of that community, to be included, and
Speaker:do something together as a team, that is
Speaker:What have you seen work in companies, you know, when they're really trying
Speaker:to focus on the inclusion piece? Are there actionable things
Speaker:that you've implemented or you've seen companies implement that you think if
Speaker:other organizations were to know and do the same, it would actually
Speaker:Um, so I will, I will speak from my own experience, right?
Speaker:That's, that's my way of saying this is not a guidebook because I think it depends, it
Speaker:depends on that demographic of the company. It depends on the industry of the
Speaker:company. But what I found to be helpful, um,
Speaker:is that the, the team that the senior leadership
Speaker:team, um, she strived for transparency, accountability,
Speaker:and more importantly, vulnerability. And so it's
Speaker:important, I think, for the employees to see
Speaker:that the efforts to
Speaker:create a more inclusive environment doesn't just come
Speaker:from one person or some lip service that you
Speaker:give out as a brochure or some training you do once a
Speaker:year. It's that it should all come all
Speaker:the way from the top to all the way to the bottom. And I
Speaker:mean, they shouldn't even be about it. It should be just an entire company should be
Speaker:an effort for everyone to be involved. And that also means
Speaker:if there is a challenge, right? So maybe there's something that hasn't
Speaker:been done well. The team should actually
Speaker:confront it, right? I believe that one way
Speaker:to work together, to build that trust, to
Speaker:build that intimacy is actually by solving hard problems together.
Speaker:Not to avoid them together, but to actually confront them and then
Speaker:deal with it heads on. And that's how I feel
Speaker:in my experience, people starting to trust each
Speaker:other. And once you have that trust, people feel safer
Speaker:to potentially speak out, right? And to potentially make
Speaker:mistakes. And that's when you actually handle
Speaker:and work together as one. Because otherwise you have a bunch
Speaker:of sort of discrete point people working on
Speaker:different things, but they never are bound together by some sort
Speaker:That makes a lot of sense. Yeah. Thank you for sharing that. That's really impactful. Can
Speaker:we switch gears and talk about legal matters? I'm
Speaker:so curious about where you see the future of
Speaker:IP going with all of the rapid changes
Speaker:that we're seeing. Is there anything that you are just fascinated
Speaker:I, well, yeah, the answer is definitely yes. I'm fascinated by
Speaker:quite a few things. And again, just a few months ago, I never
Speaker:heard of JotGPT. I don't think anybody knows what JotGPT is, but and
Speaker:look at, look at where we are now. Right. And I think one of the
Speaker:things I find fascinating and one of the reasons I
Speaker:am where I am in both a company perspective
Speaker:or the legal career I'm in is actually to learn the
Speaker:technology. at the very beginning stage, right?
Speaker:And that's actually by design where
Speaker:IP comes from. You learn it before it's publicly available. You learn it before
Speaker:it's well known. I think there's going to be a
Speaker:lot of unknowns. And it's not going to be a
Speaker:linear growth. It's going to be an explanation because And once
Speaker:we open the door to taking AI as one example, I
Speaker:would not be surprised that all of a sudden AI can be used for multiple,
Speaker:multiple things that had never even been contemplated before. Now,
Speaker:that also means, now putting my lawyer's hat
Speaker:back on, The technology
Speaker:is going to be ahead of the time or before the
Speaker:legal paradigm catch up. So before the courts
Speaker:can act, before Congress can act, we're going to have a lot
Speaker:of challenges as a result of exciting
Speaker:development in science and technology that we need to confront,
Speaker:right? And how do we protect privacy? How do we protect You
Speaker:know, even bias, you know, our AI, should
Speaker:AI be treated as people? I mean, there are a lot of things that are not
Speaker:yet resolved legally, but it has to
Speaker:Within your space particularly, we're talking about
Speaker:imaging, right? And so using your technology to
Speaker:be able to survey vast quantities of
Speaker:images and to find the pattern so that we can identify
Speaker:disease tissues faster and that sort of thing. Are there any
Speaker:thoughts to the ramifications of that patient confidentiality and
Speaker:where will those datasets come from and all of those things? Because, you
Speaker:know, we we're still in the midst of, for instance, the HeLa cell
Speaker:legal issues. And so I'm just curious, are we
Speaker:going to see that again in 50 years with people's
Speaker:I think that problem has never gone away. The
Speaker:reason is sort of on the surface, less
Speaker:heard of is because of the legal paradigm that was created. Right.
Speaker:And then that's my way of saying, because the problem never went
Speaker:away. Anytime there is a scientific advancement,
Speaker:that will probably be brought back in front and center. Right.
Speaker:And so how do you, how do we. advance
Speaker:the science of our kind, humankind, so that we benefit everybody
Speaker:without compromising at the same time the people being part
Speaker:of the experiments. That is
Speaker:going to be challenging, right? And that's another part
Speaker:of that also is there is right now no cohesive framework,
Speaker:Europe act this way, US act that way, even in the United
Speaker:States, this country, different states act different ways. So until
Speaker:there is a more cohesive framework, and I would, I remain hopeful
Speaker:that sometime soon, this will happen. But until
Speaker:then, it's going to be quite a bit of back to the, my
Speaker:earlier comment about how do you preemptively and
Speaker:proactively think about the possible consequences before
Speaker:Karina's question was so intelligent and like so far reaching
Speaker:and consequential. Mine is very in the moment. Do
Speaker:you allow employees to use ChatGTP at DeepCell or
Speaker:is that like, no, don't be funneling our information into
Speaker:Well, that's going to be a work in progress. But for now, we
Speaker:are not prohibiting child GPT. And
Speaker:to be realistic, this is the engineering part of me, right? It's
Speaker:impossible to prohibit. So rather than prohibiting, we've
Speaker:been focused on how do we do it so
Speaker:Yeah, it's a lot to think of right now. I agree. We're seeing
Speaker:schools are prohibiting it. Oh, okay.
Speaker:But how, how are you prohibiting this? You know, this is where it's
Speaker:the education component. What should and shouldn't we use it
Speaker:And actually the joke, the joke actually is when someone asked to,
Speaker:to write a policy of how to not use ChargeGBT, someone
Speaker:But here's my whole thing with it. I mean, here's my soapbox. This
Speaker:is the prime opportunity to teach people how to think critically. Just
Speaker:because it spits it back out at you and the tool is there does not mean it's accurate.
Speaker:And it's like a calculator. If you understand what the
Speaker:answer roughly should be or how you got there, sometimes you
Speaker:mistype in the calculator and it gives you a crazy answer and you need to be
Speaker:able to parse that out. And so I think it's like, you know, when we talk about people
Speaker:using these tools, they just have to understand the critical components of what
Speaker:And also, you raised a very good point, right? I mean, that's again, that's a
Speaker:different way. That's my way of seeing the world is
Speaker:that One reason child GPT becomes child
Speaker:GPT is our framework and our way of
Speaker:looking at data being generated. It may
Speaker:not be healthy, right? So for example, one of the reasons
Speaker:that school kids can actually use child GPT to get away
Speaker:our assignment is those are meeting rubrics, right?
Speaker:If you were to look at this and say the assignment is
Speaker:to for you to actually provide your thinking
Speaker:process, those are not things JWT can do. Just
Speaker:like going back to a larger company environment, if what
Speaker:we are looking for is truly people generating
Speaker:new ideas, and it could be IP, it could be non-IP, but
Speaker:it's the thought process of sharing what you are generating, those
Speaker:are not replicable by JWT, or even created by JWT. And
Speaker:so I think it may be helpful for us
Speaker:as a whole, as a society, to look at what is valuable information
Speaker:Yep. I completely agree. I think it's a great tool for brainstorming. I think people
Speaker:just have to think through it and take it to the next level. Take the
Speaker:first iteration and say, okay, well that's what that's been out, but now how do I
Speaker:improve it and where does that lead me and chase the rabbits, you know?
Speaker:So kind of staying on this legal route, we
Speaker:are moving so fast. How do you keep up with that with the IP?
Speaker:whole thing about strategy is you need to preemptively think
Speaker:of what could be and might be in a practical way, right? And the reason
Speaker:is nobody has unlimited budget. And so that goes
Speaker:to what if the strategy shouldn't be just cover everything, scorch the
Speaker:earth. And so that also means I think
Speaker:it's important when we build an IP, the strategy
Speaker:should be a science-driven strategy rather than a legal-driven strategy.
Speaker:Because if the strategy is based on science, then
Speaker:you capture a technical solution rather than
Speaker:a legal-driven maneuvering, which
Speaker:can come and go based on how the courts act. right, how the laws change.
Speaker:But if a solution is a solution, that actually builds a
Speaker:lot of the foundational pieces of
Speaker:what the assets of the company can be. And that also
Speaker:allows you to be more creative, right? Rather than using legal as
Speaker:a reason of what not to do, or what
Speaker:to do, you now open yourself up to a potential, endless
Speaker:potentials, because your science will
Speaker:allow you to capture that from different angles.
Speaker:How do you find the different elements of that development, that
Speaker:technology improvement? And also, how do you do it
Speaker:to find a synergy of the different elements? Those
Speaker:are things that are independent and
Speaker:agnostic from the legal requirements as well. And
Speaker:with that, then the company can actually have an IP
Speaker:asset that match better with
Speaker:its commercial interest. And you can explain to the
Speaker:investors or the rest of the world, here's what I'm
Speaker:doing and why, rather than some arbitrary legal
Speaker:I think that when we think about people who are building a biotech in the
Speaker:very early stages, you know, obviously, They
Speaker:need to advance the science. There's IP. They have like just standard HR legal
Speaker:issues. But most people aren't bringing in like a full time
Speaker:chief legal officer. Right. But when do you think the right time to start
Speaker:incorporating that in is for a small firm? What
Speaker:do you think the tipping point is to like you need someone on site? Is it in a
Speaker:It's important to know that different companies are different, right? And
Speaker:then there are companies that are not generating as
Speaker:much IP as some of the more life sciences and biotech companies.
Speaker:So I don't, I don't want to pretend that, you know, they should be all the
Speaker:same. In fact, they should not be the same to be strategic. But
Speaker:however, for a science or, or a IP, an
Speaker:IP generating company, life sciences being one, biotech, life
Speaker:sciences and biotech, and also high tech. I, I
Speaker:would say it's probably better. to
Speaker:bring an attorney that
Speaker:is at least knowledgeable on the IP front
Speaker:as early as possible. Because very often what ends up
Speaker:happening is when they hire, when they have the
Speaker:resources, more often is when they were
Speaker:told to do it by the board, it's still a little too late, right?
Speaker:Because a lot of the founders didn't appreciate how important IP
Speaker:really is. And think about this, I would encourage us to think about this.
Speaker:Before a company commercialized a product, very
Speaker:often the only tangible asset is actually IP.
Speaker:And so if there is to be a merger and acquisition, if there's going to be whatever
Speaker:transaction, before a product is actually launched
Speaker:or sold in the market, the only thing that
Speaker:you can show, or one of the very few things you can show, really is the IP
Speaker:assets you have. And so rather than playing catch up,
Speaker:it is important, I would even say critical, particularly for
Speaker:a biotech company, to focus on the assets as early
Speaker:Could see your chief business officer hat in that one. Yep. No,
Speaker:that's really, really point well taken. That
Speaker:is critical. And I think not very many founders do think
Speaker:about that as like, I have an asset. How
Speaker:do I protect this asset? There's a lot of people who can't
Speaker:afford, you know, at an early stage to bring in a full time head
Speaker:of legal or even, you know, someone on the IP space.
Speaker:How useful is it? Is it possible to use a firm to
Speaker:leverage an external firm? And if so, when is that? not
Speaker:At the minimum, the company should focus on
Speaker:IP, right? And be, whether that is on an outside counsel, outside
Speaker:firm or internal, at the minimum, some effort should
Speaker:be made. That's what I recommend. The question of when that
Speaker:balance is tilted so that it becomes an in-house, it
Speaker:would depend on a lot of factors, right? And so
Speaker:resources being one. What I though would say
Speaker:from a sort of anecdotally, what
Speaker:has been successful for a
Speaker:license or biotech company to handle
Speaker:their IP is actually to have that transition to
Speaker:in-house as early as possible. And here's why.
Speaker:Outside councils, law firms, to no
Speaker:fault of their own, they can handle a task-oriented IP
Speaker:project. However, they are not going to have the visibility or
Speaker:even the insight into where the company wants to go.
Speaker:So the information they have is as good as whatever they
Speaker:receive. On the other hand, if you have someone strategic
Speaker:in-house, what they can bring to the table is asking,
Speaker:well, what about something else? What have we missed? Right. And
Speaker:that strategy piece is very often not able
Speaker:to capture by an outside counsel that is not on the ground day
Speaker:to day and figure out where the company may
Speaker:go or where the company can be benefited in
Speaker:That makes a lot of sense. Yeah, that was sort of my assumption as
Speaker:well. But so it sounds like, you know, if you
Speaker:have to choose keeping external counsel that's
Speaker:doing like contracts and, you know, more of the regular
Speaker:legal aspects, but can that be handled
Speaker:by your IP attorney or is that not generally done? I know you wear both hats,
Speaker:but can your IP attorney usually generally
Speaker:very often different, but they're also very often
Speaker:the same, particularly in a life science company. And that's another reason
Speaker:I like to weave my legal
Speaker:strategy based on an IP-centric approach. And
Speaker:so again, this is applicable in a more life science, biotech,
Speaker:or high-tech settings where it's very uncommon
Speaker:any transaction will go through without touching IP in some
Speaker:way. even a hiring of a consultant, right,
Speaker:or collaboration. So very
Speaker:often an IP trained attorney should
Speaker:be able to at least contribute to the transactional
Speaker:pieces that legal exercise, although
Speaker:they are, they're designed to be different. But
Speaker:that's my way of saying that if
Speaker:there is to be a legal transactional exercise, IP should
Speaker:have some input into it. But whether the person can
Speaker:actually do both, that would depend on what
Speaker:Yeah, this is an area I have very little experience other than, yeah,
Speaker:we get contracts signed. But we
Speaker:have not had to deal directly with IP because that's just not our
Speaker:area. Other than if a candidate comes in, you know, attached to a patent, we have
Speaker:In a situation, unless it's an IP focus, typically companies
Speaker:like to have people who are focused on the more
Speaker:For anyone listening who is like, wow, what a cool career. I mean, I
Speaker:think it would be very difficult to replicate your career path. It is very
Speaker:interesting and it is just diverse. It is fascinating. But
Speaker:if someone was like, wow, I really think that like being the chief legal officer
Speaker:or, you know, any of these interim roles you had or chief business officer, like
Speaker:I guess in general, what advice do you have to someone who's, you
Speaker:know, maybe early stage career, maybe they're still figuring it out, but
Speaker:I actually get asked that question quite a bit. I
Speaker:do a lot of mentoring. And so that's actually one of the
Speaker:most common questions I get asked. So my recommendation
Speaker:is this. I think it's important to
Speaker:find your North Star values. Because that
Speaker:is going to be what helps you weather the storms, if there is one.
Speaker:That is going to be what helps you find your interests and understand what
Speaker:you don't like. So find your North Star values
Speaker:as early as possible, appreciating that value can
Speaker:change. but in the actions can change and
Speaker:you should be willing to embrace that change because that's how
Speaker:you evolve. But find that value as early as possible and
Speaker:at the same time be intellectually curious, right? And to say,
Speaker:look, there might be things I don't know. But let's find
Speaker:out, right? Don't stop there. Don't stop at there's something I don't know.
Speaker:OK, too bad. But find out, make an effort to find
Speaker:out, be vulnerable and say, I'm going to show up. I'm
Speaker:going to give it a try. And if it doesn't work, then let's be resilient
Speaker:and come back again or do something else. Know what you like, be
Speaker:true to yourself and then give it a try and just
Speaker:I think that's great life advice. Yeah. Honestly, career,
Speaker:Yeah. So what is next for
Speaker:you on this wild career ride that you're on? Do you
Speaker:have anything that is undone and you think, you know, before I'm done,
Speaker:I don't really have one, probably because
Speaker:I keep trying new things regardless. And I know I'm going to
Speaker:keep trying new things regardless. But career-wise, I
Speaker:think, first of all, I have had a remarkable career
Speaker:journey to be where I am. And I'm looking forward to seeing where it goes. But
Speaker:being where I am right now, I've started to enjoy
Speaker:a lot more giving back. to
Speaker:the community, mentoring, and making sure that
Speaker:whatever I'm doing can actually help the
Speaker:next generation of folks who want to participate
Speaker:in any part of the journey I've been on, the legal part, the BD part,
Speaker:the HR part, you know, science part, that I'm,
Speaker:I'm part of that community to make that environment a
Speaker:better place, an easier place for them to, to thrive. Right. I
Speaker:see myself in participating a lot more on the community efforts,
Speaker:right. On a, in a board capacity perhaps, or,
Speaker:or, or advisory kind of, so that, so that it's,
Speaker:it's for me to be able to help people
Speaker:what is your favorite book, fiction, nonfiction, could have read
Speaker:it 20 years ago, could have read it yesterday, a book you think everyone should
Speaker:You know what? One of my favorite, favorite fiction
Speaker:book, it's actually a children's book. It's actually called
Speaker:The Rabbit Listened. And in essence, it's about
Speaker:this little kid. He was very frustrated, right? Because the
Speaker:toys fell down. And there are a series of animals coming, came
Speaker:to sort of comfort him. The bear roared because he was angry. The
Speaker:chicken said, let's talk. And the snake, you know, just a whole bunch
Speaker:of different things and said, let's do this, let's do this, let's do this. he
Speaker:didn't feel better. And what happened was this little rabbit, the
Speaker:rabbit came, sat by the kid, the child, and
Speaker:they just listened without saying a thing. And
Speaker:so as a result of that, the child started to
Speaker:angrily scream and then to roar and then to do
Speaker:all that stuff. And then at
Speaker:the end, the child goes, Now I'm
Speaker:ready to rebuild. Right. And so to me, that was such a lot
Speaker:of times we think we're helping people the
Speaker:way we know how to help, but that's counterproductive. Right.
Speaker:And so if anything, that's a reminder for myself that I would like
Speaker:to help. We should help people the way they want to be helped. if
Speaker:anything, that create a more inclusive environment because that
Speaker:can avoid a lot of the issues we're seeing with microaggressions
Speaker:and all that because we don't have the perspective of the other
Speaker:person. I do read a lot of fiction books, but this is probably one
Speaker:of my favorite ones. Yeah. And then now fiction, this book I really like
Speaker:is called Emotional Agility by Susan David. And
Speaker:to me, it was almost a summary of a lot of works that I really
Speaker:enjoy, right? Brene Fran's work, Alan Grant's work, Keenan
Speaker:Scott's work. And so this sort of summarizes how
Speaker:to be vulnerable, how to show up, how to stay intellectually curious
Speaker:and agile, and then give it a try. Right. And so that's
Speaker:Amazing. I'll put that on my list too. Yeah. I
Speaker:love all of the authors you mentioned and so anything that brings that together.
Speaker:Where can our audience get in touch with you if they have questions or
Speaker:Perfect. We'll link that in the show notes. If anyone wants to go Lincoln with you, I'm
Speaker:sure you'll get quite a few folks that are wanting to join your network and
Speaker:just follow your career. I'm fascinated. I can't wait to see what
Speaker:you do next. And I'm going to be following your career religiously because it
Speaker:is so fascinating. Thank you so much for coming on. This was a