Robert Duggan (venture capitalist)

[6] According to Robert Duggan in Investopedia, “We [our family] made about $800 a month…The last couple days of every month we scrambled around the house looking for lost quarters, dimes, and nickels [to pay the bills].

When I was mowing lawns I realized when I went that extra mile to make a difference for the better, the property owner wanted to tip me or give me more work.

Sometimes it was a simple smile, extra care to make sure a hedge was edged perfectly, or taking the time when I was done to have the owner walk the property with me admiring my work.

"[10] Duggan's first company, Sunset Designs, supplied Jiffy Stitchery kits to consumers - helping them create their own high-quality stitched projects at home.

[11] He invested $100k in Sunset Designs, and sold it to British consumer-goods giant Reckitt Benckiser Group for $15 million in the mid-1980s.

Paradise Bakery distributed cookies to major corporations such as McDonald's, Kentucky Fried Chicken, and Disney World.

[23] As chairman, as well as investing the $3 million initial financial capital, Duggan oversaw the organization's spread to outdoor marketing projects throughout Eastern Europe: Croatia, Slovenia, Serbia, Bosnia and Macedonia.

[32] He received $3.5 billion from the sale of Pharmacyclics to AbbVie in "one of the biggest paydays ever from the buyout of a publicly held company.

[39] After having been a director since December 2019, Duggan was appointed as CEO of Summit Therapeutics, a clinical-stage drug development company focused on new mechanism antibiotics, in spring 2020.

[43] Duggan invests in fields such as cancer treatment, anti-microbial therapeutics, human longevity and anti-aging technologies, and stem cell research.

Duggan is on the board of trustees at UCSB,[44] and has funded educational endeavors such as athletic departments, the UC Santa Barbara Gold Circle Society and two faculty chair positions (in Mathematics and in Life and Physical Sciences).

[45] He has made foundational donations to new departments such as the Institute for Energy Efficiency and the XIV Dalai Lama Chair in Tibetan Buddhism and Cultural Studies.

[47] Duggan has received numerous awards and acknowledgements for his work in the fields of technology, entrepreneurship, philanthropy, and activism.

He has received a Congressional Medal of Merit from Ron Paul,[48] and was made a Knight of the Legion of Honor by French President Jacques Chirac in 2000.

Duggan received the 2016 Venky Narayanamurti Entrepreneurial Leadership Award from the UCSB College of Engineering for his work in technological entrepreneurship.

[52] Duggan is an avid surfer, who began surfing in Santa Cruz, California, later travelling Hawaii and to countries such as Costa Rica, Nicaragua,and Mexico.

Bob Duggan with Mountain Bike in Costa Rica
Bob Duggan with Mountain Bike in Costa Rica