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John H. Ford
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For the past 30 years, I have been involved in startups, as a founder, and active investor. My first company was purchased by Johnson & Johnson, which set the foundation for future investments. My level of trading escalated after graduating from college, primarily as a result of my... More
  • A Shareholder Visits Oculus Headquarters 1 comment
    May 17, 2010 4:19 PM | about stocks: OCLS


    I first became aware of Oculus, three years ago, when one of the top investors I know recommended it to me. I immediately became intrigued with the story and began my investigation.

    Before I invest in a company, I like to meet management. I showed up unannounced and here is what I discovered.

    After being greeted in the lobby by the CFO, Bob Miller, I then met with both he and Jim Schulz, the COO, in the conference room. I was impressed. These guys are more than capable of turning Oculus into a successful company. They both have long histories in the pharmaceutical industry and demonstrated the energy and intelligence needed to turn a startup company into a long term success. They were candid and able to answer penetrating questions without hesitation. It felt like they were on a fast-moving train with no time for deception, spin, or manipulation. They were both working long days, and long weeks, and getting the job done. They clearly knew their stuff!

    Bob Miller is the kind of CFO, that shareholders need controlling the purse strings. Not only is he is brilliant like most of the Stanford graduates I know, but he is also frugal! He keeps a tight rein on expenses. It seems there would be no unnecessary spending with him in control. He also has an amazing grasp of the scientific side of the business.

    Jim Schutz, the COO, is a man of many talents. As an attorney, he understands all the elements of patent protection that are needed to keep Oculus in a strong intellectual property position. He is also a natural salesman. I told him that the company needed to use this talent, but he is probably stretched far enough as it is.

    Hoji, the CEO, is impressive. Anyone who has been following the company, is aware of his abilities and my conversations with him, have only reinforced my opinion; Hoji is smart, comfortable thinking outside the box, and can take the company to a very high level.

    If anything were to happen to Hoji, either Bob, or Jim, would be more than capable of running the company. It's kind of like having a great football team, with three star quarterbacks. Good management is crucial.

    So, we have a management team that is talented, energetic, experienced, and driven. They have a accomplished some very significant milestones thus far, and I believe they will drive the company to profitability.

    In my 30 years of investing in startups, I have seen that good management can take a mediocre company or product, and turn it into a success. I have also seen that bad management can destroy a good company and product. In the case of Oculus, we have the best of both worlds, excellent product, and great management.

    Coming soon: A Shareholder Investigates the Mexico Market.

    Disclosure: Long oculus
    Stocks: OCLS
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  • DubaiTrader75
    , contributor
    Comment (1) | Send Message
    This stock will be $10 by year end
    18 May 2010, 08:08 AM Reply Like
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