22 min
Alan Frazier, Chairman of Frazier Healthcare Partners, on pioneering healthcare venture capital, turning down CFO of Microsoft, and the importance of mentors Voyager Talks
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- Business
Alan Frazier, a pioneer in the healthcare venture industry with $7.1 billion in capital raised, discusses starting his firm in 1991 with a $5 million fund, turning down the role of CFO of Microsoft, going from a CPA to CFO of a fast-growing biotech startup, how his childhood prepared him for life as an investor, the importance of hiring people with the right values, traits of great entrepreneurs, how storytelling allows venture capitalists to help build companies, and reflections on his professional career and community involvement.
Listen to the end to gain insight into spending more time with his foundation and giving back to the community in recent years, as well as his advice to find a group of mentors to support you on your journey.
Top Three Takeaways:
#1 Early in his career, Alan chose culture over money when he turned down an offer to become CFO of the 80-employee Microsoft. Although he had a feeling he might make a lot of money, he didn’t think Microsoft was a good culture fit or that he would enjoy his life if he worked there. This is a great lesson in the importance of finding an organization that fits your values and sticking to that even when facing a tough decision.
#2 In recent years, Alan has realized the importance of going beyond business and has gotten much more involved in giving back to his community through his foundation and nonprofit board roles. The things you do outside of work can bring a lot of joy, fulfillment, inspiration and energy in other parts of your life. In short, it’s good for yourself, good for your career, and of course good for your community to step away from work and be involved in your community.
#3 Alan stressed the importance of finding mentors who truly care for you to help guide you. This show is meant to help introduce the careers and advice of a couple of successful individuals, but it’s only meant as a starting point. Find mentors who have been where you want to go, who know you, care for you, and can share their specific experiences and feedback to support you on your journey.
Instagram: www.instagram.com/Voyager.Talks
Twitter: https://twitter.com/ZevCarlyle
LinkedIn: https://www.linkedin.com/in/zevcarlyle/
Podcast Home: https://bit.ly/VoyagerTalksHome
Guest bio:
Alan Frazier is the chairman of Frazier Healthcare Partners, a leading provider of growth and venture capital to healthcare companies, which he founded in 1991. With over $7.1 billion total capital raised, Frazier has invested in more than 200 companies, with investment types ranging from company creation and venture capital to publicly traded companies and buyouts of profitable lower-middle market companies. Since 2005, 61 Frazier Life Sciences portfolio companies, many of which were created or seeded by Frazier, have completed IPOs or M&As.
Prior to forming Frazier Healthcare Ventures, Alan was the executive vice president and chief financial officer of Immunex Corporation. Later, he served as the senior financial advisor and chief financial officer of Affymax and worked on the spinout of Affymetrix. Prior to Immunex, Alan was head of the Emerging Business Practice and co-head of the Technology Practice for the Seattle office of Arthur Young Company (now, Ernst & Young). Alan holds a B.A. in Economics from the University of Washington. He has served on numerous boards, including Calypso Medical Technologies, Portola Pharmaceuticals, and TridentUSA Health Services. Alan is active in his community, having served on the boards of UW Medicine and Fred Hutch Cancer Research Center. Alan’s continuing drive and passion come from his “love to create” and his “love to build.”
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Send in a voice message: https://podcasters.spotify.com/pod/show/zev-carlyle/message
Alan Frazier, a pioneer in the healthcare venture industry with $7.1 billion in capital raised, discusses starting his firm in 1991 with a $5 million fund, turning down the role of CFO of Microsoft, going from a CPA to CFO of a fast-growing biotech startup, how his childhood prepared him for life as an investor, the importance of hiring people with the right values, traits of great entrepreneurs, how storytelling allows venture capitalists to help build companies, and reflections on his professional career and community involvement.
Listen to the end to gain insight into spending more time with his foundation and giving back to the community in recent years, as well as his advice to find a group of mentors to support you on your journey.
Top Three Takeaways:
#1 Early in his career, Alan chose culture over money when he turned down an offer to become CFO of the 80-employee Microsoft. Although he had a feeling he might make a lot of money, he didn’t think Microsoft was a good culture fit or that he would enjoy his life if he worked there. This is a great lesson in the importance of finding an organization that fits your values and sticking to that even when facing a tough decision.
#2 In recent years, Alan has realized the importance of going beyond business and has gotten much more involved in giving back to his community through his foundation and nonprofit board roles. The things you do outside of work can bring a lot of joy, fulfillment, inspiration and energy in other parts of your life. In short, it’s good for yourself, good for your career, and of course good for your community to step away from work and be involved in your community.
#3 Alan stressed the importance of finding mentors who truly care for you to help guide you. This show is meant to help introduce the careers and advice of a couple of successful individuals, but it’s only meant as a starting point. Find mentors who have been where you want to go, who know you, care for you, and can share their specific experiences and feedback to support you on your journey.
Instagram: www.instagram.com/Voyager.Talks
Twitter: https://twitter.com/ZevCarlyle
LinkedIn: https://www.linkedin.com/in/zevcarlyle/
Podcast Home: https://bit.ly/VoyagerTalksHome
Guest bio:
Alan Frazier is the chairman of Frazier Healthcare Partners, a leading provider of growth and venture capital to healthcare companies, which he founded in 1991. With over $7.1 billion total capital raised, Frazier has invested in more than 200 companies, with investment types ranging from company creation and venture capital to publicly traded companies and buyouts of profitable lower-middle market companies. Since 2005, 61 Frazier Life Sciences portfolio companies, many of which were created or seeded by Frazier, have completed IPOs or M&As.
Prior to forming Frazier Healthcare Ventures, Alan was the executive vice president and chief financial officer of Immunex Corporation. Later, he served as the senior financial advisor and chief financial officer of Affymax and worked on the spinout of Affymetrix. Prior to Immunex, Alan was head of the Emerging Business Practice and co-head of the Technology Practice for the Seattle office of Arthur Young Company (now, Ernst & Young). Alan holds a B.A. in Economics from the University of Washington. He has served on numerous boards, including Calypso Medical Technologies, Portola Pharmaceuticals, and TridentUSA Health Services. Alan is active in his community, having served on the boards of UW Medicine and Fred Hutch Cancer Research Center. Alan’s continuing drive and passion come from his “love to create” and his “love to build.”
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Send in a voice message: https://podcasters.spotify.com/pod/show/zev-carlyle/message
22 min