Bonnie Baskin: Viromed & AppTec
In her early years in Chicago, Bonnie Baskin was not sure of her direction. She was interested in science. When she read Rachel Carson’s Silent Spring, she decided to become a marine biologist.
So she attended the University of Miami where she joined the marine biology program. One boat ride, and seasickness, convinced her that marine biology was not her destiny.
She chose to remain on land, and graduated with a degree in microbiology. During her summer vacations, she would work at her father’s chemical company where she learned from her father the value of treating employees, customers and vendors with respect.
After finishing her graduate degree, she worked as a post-doctoral researcher at the National Institutes of Health, and then came to Minnesota with her husband. She joined the University of Minnesota, but left after a year to start her own business called ViroMed. ViroMed would focus on testing human samples for viruses.
Baskin built and sold this business 18 years later for $40 million. She then ran and built a spinoff from ViroMed, called AppTec, and 6 years later sold it for $163 million.
This is how she did it.
This introduction is excerpted from Bootstrap to Billions: Proven Rules from Entrepreneurs who Built Great Companies from Scratch by Dr. Dileep Rao. Copying or reproduction in any format or medium without the prior express, written consent of the author is strictly prohibited.