How Marc Beer Has Overcome Adversity
After over thirty years in the biotech industry, I think it’s safe to say Marc Beer has pretty much seen it all but he didn’t start out as a big success. So how was he able to circumvent numerous obstacles in an effort to work his way to the top? The 48-year-old businessman and entrepreneur recently talked about how he had made it in such a tricky industry. While a freshman at Miami University, he quickly discovered his fondness for the business world and declared it as his major. After the receipt of his bachelor of science degree in the spring of 1987, he received his first job offer from a company called Abbott. He served as a member of their sales team for over half a decade before moving on to his next job opportunity.
As one of the corporate officers at Biostar, he proved to be a valuable asset to the company but left after two years to become the vice president of global marketing for a new enterprise called Genzyme. Finally, in May of 2000, he decided to become the founder and CEO of his own company. Based out of Cambridge, Viacell’s primary mission is to extract the stem cells from umbilical cords in an effort to uncover and synthesize new vaccines and cures for various diseases and illnesses. It was a risky venture but it paid off in a big way as they had become worth over $300 million by the time he decided to sell the company for a significant profit. Learn more: https://www.bizjournals.com/boston/news/2018/08/21/ex-aegerion-chief-beer-raises-42m-for-womens.html
Upon completion of the transaction, he was ready to begin his next business venture but, before that could happen, he had to deal with the tragic loss of his wife. It seems a pulmonary embolism had taken her life and he then had to become the sole guardian of their three children. For the next two years, he would spend the majority of his time tending to their needs and helping out with whatever schoolwork they were struggling with but his daughter soon convinced him to return to the business world and resume helping people. So in 2016, he partnered with some colleagues to open a new business by the name of Renovia where he would serve as chairman, cofounder and CEO. Based out Boston, the company builds medical equipment and manufactures it.
These products are designed to help people who are suffering from various types of illnesses, anything from typhoid to cholera. When providing advice to future aspiring entrepreneurs, he advised them to ensure they had a solid financial strategy, learn from their past mistakes, compromise for the success of the company and focus on giving back to communities as much as possible.