Tom Shannon is the founder and CEO of Brightstar Wisconsin (HL), a one of a kind non-profit created as a unique entity to fill the early-stage funding void by providing charitable foundations, corporations and wealthy individuals with a vehicle to help fund job creation— through capital donation!
Tom graduated with a Finance degree from The University of Wisconsin – Madison. He started his first successful career in the insurance business and over a 20-year period, Tom helped small business owners find and execute the insurance and financial strategies they required to protect and grow their assets. When he decided to launch his second career as a business owner, Tom’s search led him to a company called Prodesse that had a technology for a rapid, and reliable, flu test. He led that company from humble beginnings to an eventual sale to a strategic partner for more than $70 Million. Tom is in the Wisconsin Investor Hall of Fame and is an active board member in companies like Oshkosh Nanotechnology, Proxim Diagnostics and Somna Therapeutics.
Mike and Tom cover a ton of great stuff in this episode, including how he dealt with a Cease & Desist order from the FDA (that turned out to be a huge blessing in disguise), the incredible job creation engine and sustainable model that BrightStar has built and why he may well be the least successful member of the Shannon family.
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