Science
Craig Bandes discusses how to avoid the same pitfalls of companies he has worked with in the past and how to create a structurally sound order of operations through his experience in business and finances: "And you get to a point where you just realize that if I don't try it, I'll never know, and I'll always regret it. And then you jump into it . But jumping in with more experience, I think, really increases the odds of surviving".Craig Bandes is the CEO and co-founder of Pixelligent Technologies. He has over 25 years of experience serving as a CEO, entrepreneur, and angel investor. Additionally, he is a member of the NanoBusiness Alliance Advisory Board. In this episode, Bandes shares with host James Di Virgilio the importance of having a business background before entering the business world, how he's saved a company from bankruptcy, and the next steps for said company in terms of workplace diversity, globalization, and sustainability. TRANSCRIPT: Intro: 0:01 Inventors and their inventions. Welcome to Radio Cade -- a podcast from the Cade Museum for Creativity and Invention in Gainesville, Florida. Starting in running your own company -- it's not for everyone. For those who have done it, it can be exhilarating, exhausting, and easily the hardest thing they've ever done. We decided to go out and talk to some of those people and find out what they've learned, what they'd repeat, what they'll never do again, or hear stories from their first year, then from the period when they realized they're going to survive and how they intend to position their companies for the future. We'll find out what a CEO's normal day is like, how they build and manage their teams, what it's done to their personal lives. And finally, when is it time to move on? Join us for CEO101 -- a limited series of deep looks at people who are their own boss -- for better or for worse. James Di Virgilio: 0:54 We're talking with Craig Bandes, the president and CEO of Pixelligent Technologies. It's a nanotechnology company that does a whole lot of fascinating things that Craig is going to tell us all about. But first, Craig, tell us about your background as a leader. You've done a lot of things -- both co-founding companies, as well as being brought in to be a CEO. Craig Bandes: 1:14 Yeah. Well, great. Thanks for inviting me to join today. So, you know , I think it's , it's nothing that I think you can prepare for without being in the role. There's so much of it that you figure out as you go. There's definitely taking advantage of books on leadership or being mentored by others that have come before you, but there's nothing like being in it to really make all the mistakes, hopefully learn from them, and start to formulate what you think is a, a good compilation of strategies, right? There's not just one that I think makes a leader, or a CEO, successful. James Di Virgilio: 1:45 Give us a little bit about your, just, biography, sort of the companies that you've led. Give us a CV here. Craig Bandes: 1:51 So, very different companies, very different industries. The first company I co-founded with a partner was in IT staffing and consulting -- and that was an area where he had slightly more experience than I did in it. And we were big users of those, sort of resources and vendors when we're both working together as executives in a telecom company, which [inaudible] many back around the uh, circa 2000, didn't work out after raising lots and lots of money -- which was my main job when I was there. And so we started it together, and it was not my lifelong dream to do it, but I had more entrepreneurial background than he d