IEEE Power Electronics Magazine - December 2016 - 17

growth in a slow and steady manner.
employed is to have the entrepreneur
By embracing technological advancand key team members join the
es, such as in mateacquiring company for
rials and advanced
a specified period of
components (e.g.,
time  to ensure (using
The company's small
wide-band gap de "golden handcuffs"
size, expertise, and
vices), very early,
a nd performanceunderstanding of its
they are often the
based payouts) that
market segment
vehicle by which an
the two businesses
industry adopts new
a re su c c e s s f u l l y
makes it nimble and
technologies at a
integrated.
able to respond to
gradually increasing
These entrepreneeds as these
sca le. Not ever y
neurs are all heroes
become visible.
entrepreneurial venwho need to be celeture has to transbrated. They take
form our universe,
on high levels of
and not every entrepreneur has to be
personal risk, work extremely hard
an Elon Musk, Steve Jobs, or Bill
away from the limelight, and contribGates. They all have their own roles
ute to technology and economic

tlec-2015_power-poster-final-cmyk-HIRES.pdf

1

8/12/16

in the entrepreneurial ecosystem,
and they all are equally important.
About the Author
Deepak Divan (ddivan@varentec
.com) is a National Academy of
Engineering member, IEEE Fellow,
and past president of the IEEE
Power Electronics Society. He is a
professor and director of the Center
for Distributed Energy at Georgia
Tech. He also serves as founder and
chief scientist of Varentec, a company focused on grid edge control that
is funded by a clean-tech venture
capital firm, Khosla Ventures, and
investor Bill Gates. Varentec is his
third start-up company.

10:05 AM

tlec-mda-poster-PELS-Q3.indd 1

8/12/16 10:06 AM

December 2016

z IEEE POWER ELECTRONICS MAGAZINE

17



Table of Contents for the Digital Edition of IEEE Power Electronics Magazine - December 2016

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