A Glimpse at the Incredible Life of Dr. Scott Rocklage

When it comes to succeeding in life, setting goals is one thing; achieving them is another. Being able to do the latter is what separates the dreamers from the doers, and few people exemplify this concept better than Dr. Scott Rocklage. If you aren’t familiar with the biopharmaceutical or life science venture investing industries, you may not have even heard of him. Similarly, if you don’t live in Boston or down in Florida, you more than likely aren’t aware of his existence at all. If the name rings a bell, however, and if you’d like to find out how he got where he is today, keep reading.

There is no denying the fact that Scott Rocklage was born with many great advantages. However, even when he was very young, he never tried to skate by in life based on his privilege. Instead, he threw himself into working hard and accomplishing a lot from the time that he was just a kid. Throughout grade school, Scott Rocklage was known as a high achiever not only academically but in the world of sports as well. Ultimately, however, Rocklage threw himself into the worlds of science and medicine and more information click here.

Even when he was quite young, Scott Rocklage knew that he wanted to make something of himself. Logical and pragmatic, he knew that he would need a stellar educational background to achieve the things that he wanted to achieve. Therefore, he worked tirelessly in high school to ensure that he had the best chances of being accepted to a great school. It paid off because he immediately went on to earn his bachelor of science in chemistry from the University of California at Berkeley. Earning a BS from UC Berkeley was a fine accomplishment in and of itself, but Scott Rocklage wasn’t even close to being done with school and learn more about Scott.

After earning his BS, Scott Rocklage went on to attend the Massachusetts Institute of Technology in Cambridge, MA. Rocklage was glad to be back in Boston, and he was proud to work on his graduate program under the highly esteemed Dr. Richard R. Schrock. Later, in 2005, Schrock would go on to win the Nobel Prize in Chemistry. As a student under Schrock, Scott Rocklage learned a great deal. The experience convinced him that he needed to pursue a career in science and medicine, so he immediately set about looking for work in that field.

What followed is what can only be described as a meteoric rise. Scott Rocklage’s path through the chemical industry and, later, venture capitalism, started out with a position as a leader of a small research team that focused on something called homogeneous catalysis. After working in this field for a while, however, Rocklage realized that he needed more. He decided to switch over from the bench chemistry side of things to the business side of things, as he felt that doing so gave him the best chances to be at the forefront of the latest innovations and advancements.

Scott Rocklage became CEO of a company that specialized in MRI contrast agents before moving on into many very respectable and interesting positions. Through his career, he has taken on many roles. These include serving as chairman and CEO of Cubist Pharmaceuticals and as president and CEO of Nycomed Salutar, Inc., which occurred from 1986 to 1989. Rocklage has held several research and development positions at firms like Catalytica and Salutar. Today, he is currently serving as the board chairman of Rennovia, Novira, K2, Kinestral and Relypsa. Rocklage also serves on the boards of Pulmatrix, Achaogen and EPIRUS.

After so many years working in the biopharmaceutical industry, Dr. Scott Rocklage decided to take a more active role in helping fledgling companies and concepts get off the ground. Thus began his career in the life science venture investing industry. In 2003, Scott Rocklage became a venture partner at 5AM Ventures; the following year, he became a managing partner. He continues to serve as a managing partner of the venture capital firm. Rocklage has published more than 100 peer-reviewed papers through his career, and he is named as an inventor or co-inventor on more than 30 U.S. patents. He’s also been a driving force in the FDA approval of several U.S. New Drug Applications.

 

Like any successful and happy person, Scott Rocklage isn’t just about work. He sets aside plenty of time for play as well as for time with his beloved family. He and his wife Patty, a successful therapist, have been married for many years. They have three adult children who have all gone on to enjoy great success. The couple has homes in the Boston area as well as in Jupiter, FL, where they enjoy playing a lot of golf at the nearby Loxahatchee Club. If and when Rocklage retires, you can be sure that he’ll be hitting the links each and every day and Scott’s lacrosse camp.

Other Reference: https://www.linkedin.com/in/scott-rocklage-66aa7a12a

Alternative Solutions for Borrowers in Equity First Holdings LLC

Equity First Holdings LLC is an American-based alternative financing institution. It has expanded internationally with nine global offices across the world. The organization specializes in the development of alternative lending solutions. Mostly, its clients base comprise of businesses, corporations and high net worth individuals seeking non-purpose capital. Over the years, they have continued to offer securities based lending. Equity First Holdings prides itself with an experience of over 15 years and transactions of over 700 successfully deals. The company has a team of hyper-focused employees that ensures they carry out their business on a deal by deal basis. Through their different funding options, clients seeking funds through this institution gets offered with straightforward, and custom tailored solutions. Therefore, the organization empowers them through quick and efficient funding and more information click here.

The customers get taken through a unique loan process that is simple, transparent, and secure. The process of loan acquisition is as detailed below:

  • Initial Contact- the client makes contact with the firm. They provide details of the required amount and the proposed collateral.
  • Valuation Process- Upon determination of the clients’ validity, a loan to value ratio gets determined. Determination of a fixed interest rate is also carried out.
  • Terms and Agreement Transfer- the terms gets drafted, and if they are agreeable, it is signed and the agreed upon collateral gets moved to an Equity First custodian account.
  • Funding- this process is simultaneous with the transfer of collateral.
  • Securities Return- Upon completion of the loan payment, the customer gains access to the collateral

Businesses and high net worth individuals stand to benefit more from Equity First. They get access to funds based on their securities. Unlike other conventional lenders, the loan has a fixed interest rate. Additionally, the credit given has no hold–on. In such a case, the firm does not follow up on the use of the acquired funds. Today, the company has seen an exponential rise in their customer base due to efficient and excellent services and what Equities First knows.

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Equities First Loans are the Best for Potential Investors

There are various factors that led to increase of interest rates with bank loans. Early on 2002, it was clear that credit was supporting housing rather than business investment. Additionally, empirical surveys utilizing data from developed countries portrayed that excessive credit development greatly facilitated to the harshness of the crisis. More so, downward force upon interest rates was established by rising and high US present account deficit which extended alongside the housing bubble during 2006. The Federal Reserve personnel elaborated the manner in which trade deficits required US to borrow cash in the progress of fixing up bond costs and lowering interest rates and read full article.

The chairman of Federal Reserve, Bernanke elaborated that from 1996 – 2004, the USA present account deficit extended by $650 billion, that is from 1.5% – 5.8% of GDP. Funding the deficits necessitated the country to seek huge sums of cash from abroad and the larger part of the same from countries operating trade surpluses. Mainly, those were the developing economies within Asia and oil-exporting countries. The balance of payments requires that a country like US operating a current account deficit likewise to own an investment capital account in addition to the same amount. Thus, huge and growing sums of foreign money in form of capital flowed into US with the aim of financing the imports. As a result, the high interest rates given by traditional lenders such as banks has forced business investors from seeking alternative sources of cash. Today, stock lending and Equities First stands at the core of the processes having financing several borrowers for 15 years.

Whatever happened in US created huge demand for different kinds of financial assets, raising the costs of such assets while minimizing interest rates. To date, conventional lenders have made their lending criteria a bit challenging which has left Equities First on the high demand in offering loans based on stocks as security and Equities First’s lacrosse camp.

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