David concludes his talk with Jack Derby, a long-time startup CEO, college professor, investor and volunteer with entrepreneurship organizations. In part two, Jack discusses what he learned about teaching during his time as a volunteer in the Peace Corps, why his wife Jan has been a vital part of his personal and professional life, and the importance of continuing education. Jack also talks about his $10 million endowment to Tufts, that ensures the university will continue to help students develop an entrepreneurial mindset and the skills to turn ideas into successful ventures.
About Jack Derby:
Jack is a professor within the Derby Entrepreneurship Center at Tufts, where he teaches separate courses in marketing and in sales. Jack has taught at Tufts for 16 years and was the prior director of the center, which consists of 16 professors and 800+ students a year, constituting the largest minor on campus. The Center encompasses the study and practice of entrepreneurship through all the Tufts schools.
Jack individually coaches 20 Tufts student startups each year. Today, he continues to teach a marketing course and a sales course in the Center, where he received the Henry & Madeline Fisher award voted by students as the highest rated professor on campus in the Department of Engineering. Prior to stepping down as Director in 2020, due to family health issues, Jack was the Cummings Family Professor of Entrepreneurship. For 20 years, he has taught business planning and marketing in MIT’s Mechanical Engineering Department, where he continues to teach.
In 1990, Jack founded Derby Management, a regional consulting firm specializing in strategic and business planning with deep expertise in the specializations of business planning, sales productivity and marketing optimization. Prior to starting Derby Management, Jack served as CEO of Mayer Electronics and President of CB Sports. He is or has been a board member of 21 companies. Jack’s 17 years of corporate background consisted of being President of Litton Industries Medical Systems, CEO of Datamedix and Executive Vice President of Becton Dickinson Medical Systems, a market leader in hospital monitoring.
For his work as an entrepreneur, Jack was named to the Boston Business Journal’s Mass High Tech’s All-Star Team, he received MIT Enterprise Forum’s Vince Fulmer Award for his work as chairman, and in 2019, received the Lifetime Achievement Award from the Association for Corporate Growth of Boston for his work as long-term chairman of this leading M&A organization. Jack has founded or co-founded nine startups over the years, acting as CEO in eight.
Today, Jack is an active and highly engaged board member with a long investing history as an early- stage investor as General Partner at Kestrel Ventures, Chairman of Common Angels and currently as a General Partner at Converge Ventures.
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