Building Companies Around Game-Changing Technologies with Rahul Bhansali

Technologies can change the world as we know it. They have the power to upend industries, create new markets, and transform the way we live, work, and play. Yet, despite their potentially world-changing nature, such technologies often fail to live up to their hype.  In this episode, Tommy talks with Rahul Bhansali, Co-Founder and Managing Partner of Formation Venture Engineering. As an entrepreneur, Rahul strives to make venture capital fundamentally different from how it has traditionally been done. He invests in and builds game-changing life sciences technology and pre-planning acquisitions for optimal outcomes that serve founders, investors, and the world.  Rahul talks with Tommy about his journey to becoming an entrepreneur, what venture engineering is all about, and how he and his team unlock some of the world's most potent and latent problem-solving resources to solve the financial parody problem facing scientists today. Key Takeaways [02:29] - Why Rahul moved to India despite being born in America. [04:44] - What led Rahul to become an entrepreneur. [08:24] - Why Babson College is one of the world's top entrepreneurial schools. [12:48] - Some of the most important lessons Rahul learned from Babson College. [18:33] - What Rahul's no creep rule means. [22:51] - How engineers and scientists approach business differently. [27:28] - How Rahul and his team flip the concept of venture capital on its head. [38:32] - The importance of building long-term relationships in business and with people. Quotes [17:39] - "When you have a flexible mindset regarding the standards, and you're willing to try and find new ways to think about stuff and recognize that humans fundamentally run them, it inevitably creates this ability to come up with creative solutions when you need them the most." ~ Rahul Bhansali [24:34] - "In the world of science, there are not as many entrepreneurs as there are in the engineering space. We know dozens of scientists who have made billions of dollars for their corporations or universities, but they've not made enough money to repair their kitchens." ~ Rahul Bhansali [25:47] - "My team and I strongly believe that we have the potential to unlock the world's most potent, latent human problem-solving potential in the world. And that is, unlocking the way that the world's science makes it to the market." ~ Rahul Bhansali Links  Rahul Bhansali on LinkedIn Rahul Bhansali Email Formation Venture Engineering Babson College World in Conversation Connect with our hosts Mammoth Tommy on LinkedIn Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts Learn more about Mammoth Scientific's Health & Tech Fund 1 When you move beyond the point of making sure your retirement goals are on track, your investment opportunities are wider than just publicly traded funds. Step into the world of investing in venture capital by learning more about Mammoth Scientific's Health & Tech Fund 1. Curated by some of the leading medical and fintech experts, Mammoth's Fund 1 is paving the way for health science and tech innovation. If you're interested in helping patient care, provider insight, and instrumentation go beyond possibility and into reality, check it out today at Mammoth.vc. Visit Mammoth.vc today!