By Kathy Day
As a man who helps new entrepreneurs with good ideas get a kickstart in business, Doug Giese passes on some sage advice that someone once gave him.
Starting a business, he said, is like being a Mississippi riverboat gambler: It’s a closed community. They don’t bet everything on one roll of the dice and if they don’t play fair, no one will play with them.
The same is true when starting a company, he said.
“Conserve cash, don’t be crazy and get a real good board of directors,” said the Rancho Santa Fe resident who is on the board of Tech Coast Angels (www.techcoastangels.com) and is a founder and vice president of its seed track program.
The organization, the largest investor network of its kind in the country, assists early-stage companies with capital and guidance, while its seed program focuses on those with proven technology that generally don’t qualify for traditional angel or venture capital funding.
Giese is also involved with a start-up company, Agile Nanotech Inc., that’s applying technology from UCLA’s nanotechnology lab to use infrared light to look into muscles to determine oxygen levels. He said the concept is something that could be of great value to “higher-end athletes who want more specific performance data.”
The company is working the Human Performance Laboratory at San Diego State University and a consultant from UC Davis to advance the idea and expects to file for a provisional patent in three to six months, he added.
An engineer who says his parents embody the American story, Giese married Debbie, his high school sweetheart from Palos Verdes High School. His family moved there after his dad, who grew on a wheat farm and dropped out of school in eighth grade, married his mom, who was raised on a cattle ranch.
“After they married, he got a Ph.D. in electrical engineering,” he recalled, noting they first settled in Gardena before moving to Rolling Hills.
His own educational track took him to Vanderbilt University in Nashville, where he earned a bachelor’s degree in biomedical and electrical engineering, along with a master’s and Ph.D. in electrical engineering.
Giese’s first job out of college was with TRW in Redondo Beach where he was involved with the early stages of artificial intelligence and the LANDSAT imaging systems.
But the couple “didn’t like L.A.,” Geise said, so when the company opened its San Diego division he came here to manage the software group.
But he “got the bug to start his own company,” and with three friends launched AP Labs, which developed complex signaling processes and rugged computers and consulted mostly with the military on such projects as submarines B2 bomber.
After selling his share of the company in 2002, he joined Tech Coast Angels.
While Giese says as “an engineer I’m not too crazy,” he enjoys ocean sailing and once sailed single-handed in a storm from Los Angeles to San Diego on a 22-foot boat. He also likes driving his Jeep off road – slowly — in the Southern California deserts.