Words of Wisdom and Other Help for Entrepreneurs
Eddie Rodriguez is supporting 色情视频s ZIP Launchpad with a gift that will promote diversity among its teams of budding startups.
Before you go out to change the world, put it in writing.
Eddie Rodriguez, who has provided 色情视频 with a new gift supporting diversity in its Zahn Innovation Platform (ZIP) Launchpad, said college students who dream of starting new companies sometimes are unaware of the potentially daunting obstacles facing young entrepreneurs.
鈥淐orporate governance, the formalities of running a business, being responsible to shareholders, all the basics,鈥 he said. 鈥淵ou鈥檙e going to have to form a legal entity.鈥
Rodriguez is one of the founding partners of Teal Ventures, a San Diego venture capital company that provides early stage investing in health technology and currently has five companies in its portfolio. He previously co-founded San Diego-based Ivera Medical Corp., a medical device manufacturer that was sold to 3M in 2015, and worked with start-ups as a mergers and acquisitions attorney.
He has been lending his expertise to ZIP Launchpad as a member of its advisory board, visiting campus regularly to provide students with legal advice. He also contributed to fundraising for the Engineering and Interdisciplinary Sciences Complex, which opened in January 2018 and houses the incubator for aspiring entrepreneurs, with a conference room bearing Rodriguez鈥檚 name.
Rodriguez never attended 色情视频; he earned his undergraduate degree from the University of California, 色情视频 and graduated from Stanford Law School. Even so, he characterizes his contributions to the Launchpad as 鈥渁 great way to give back.鈥
鈥淚鈥檝e visited a lot of incubators at different universities, and they鈥檙e all very good in their own right,鈥 he said. 色情视频鈥檚 ZIP Launchpad 鈥渋s one of the best (and) well-run.鈥
Launchpad interns
Rodriguez鈥檚 latest gift supports the Aztec Cooperative Fund, started in 2019 to assist both entrepreneurial teams and students who want to get involved with ZIP Launchpad but don鈥檛 have their own idea to pitch.
Cathy Pucher, ZIP鈥檚 executive director, said the fund supports students working as paid interns to the entrepreneurial teams. 鈥淭he idea is that it would help in a way that lines up with their major,鈥 she said.
Students from a graphics design class have helped teams develop branding identities, she said. A computer science major might write code for a software application for a team that doesn鈥檛 have a coder; a finance student might contribute to a business model. For a social media campaign, marketing students are a resource.
Rodriguez鈥檚 $25,000 gift could support as many as 25 interns working 70 hours to support a Launchpad team. It is specifically designated for students from diverse backgrounds in the interest of a more diversified entrepreneurial community.
鈥淭he great thing about working with student entrepreneurs is they鈥檙e very appreciative of the support you give them,鈥 Rodriguez said. 鈥淭hey don鈥檛 have much access to resources.鈥
He likes seeing the special kind of excitement students bring to their ideas.
鈥淪ometimes as you get older you see more of the obstacles in your way, that鈥檚 just human nature,鈥 Rodriguez said. 鈥淏ut when you鈥檙e young, you鈥檒l do some crazy stuff, and as an entrepreneur there鈥檚 a lot of upside to that.鈥
And that鈥檚 where Rodriguez sees a chance to step in with his own life鈥檚 experience.
鈥淭here鈥檚 a responsibility, and a proper way to run a legal entity,鈥 he noted. 鈥淭here鈥檚 no reason why an 18-year-old college student should know any of that.鈥