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Philip Sugar
Serial entrepreneur with four public company exits International Business Unit President Commercializing, Launching & Profitability Selling New Technology
Philip Sugar is an experienced technology executive and serial entrepreneur. Based on the available information:
Professional Background
Philip Sugar is currently serving as a President and Technology Consultant, primarily working with fast-growth technology companies.2 His areas of expertise include:
- Software
- Cybersecurity
- Robotics
- SaaS (Software as a Service)
- Cloud technologies
- Blockchain and Libra
Entrepreneurial Experience
Sugar has a notable track record as an entrepreneur:
- He is described as a "serial entrepreneur" with four public company exits.3
- He has experience as an International Business Unit President.3
- His skills include commercializing, launching, and profitably selling businesses.3
Previous Ventures
While specific company names aren't mentioned, there are some hints about his past work:
- He was involved with a company called SmartButton, where he bought out the venture capital investors.1
- The Delaware Innovation Fund financed SmartButton at its launch and watched it grow and prosper.1
Leadership Philosophy
Sugar has shared insights on management and leadership:
- He emphasizes the importance of staying involved in key processes, even after hiring specialists.1
- He advocates for maintaining customer touch and creating nimble, hardworking teams.1
- His approach focuses on pragmatism, humility, and learning from experience.1
Philip Sugar's LinkedIn username is indeed philipsugar, as mentioned in the query.2
Highlights
Today is BioMechanics Day. Let's celebrate kids learning.
Watch this great video from the Shirley Ryan AbilityLab where Arun Jayaraman is the Executive Director, Technology and Innovation Hub.
He also is a Director at WearableRobotics.com
The passing of Tony Hsieh reminded me of talking with him/ CFO Alfred Lin's belief on what I call customer/employee equity.
There is not good way of putting that equity on a balance sheet but it exists. That is really what his book, Delivering on Happiness a path to profits, passion and purpose is about.
Three examples of this equity being drawn down from the Balance Sheet going into the P/L short term (easier than seeing it built):
Sears iconic brand Kenmore. Stood for high quality and service. Eddie Lampert took over and there was a tremendous push for cost savings with suppliers and the service organization. The brand equity was drawn down and people stopped seeing Sears as the go to place to buy appliances, big box stores killed the brand.
Bob Nardelli at Home Depot was able to reduce employee expenses through cutting hours, benefits. The store became a miserable experience, and while the board had granted him a severance of $210mm, the equivalent $550 bonus for each of the 400k associates would have had an infinite ROI.
GM in the 1980's had horrible quality plastic and headliners. Accountants calculated that saved GM $hundreds on each vehicle. What they did not calculate was how much it cost them when people bought Japanese cars for decades instead.
