5 AM Ventures Partner Scott Rocklage

Scott Rocklage joined the California-based venturecapital firm 5AM Ventures in 2003, and by 2004, he became its Managing Partner. The company, which was started in 2002 by John Diekman and Andrew Scwab, offers early stage investment opportunities to its clients. Rocklage said that the company is called 5AM Ventures because of the fact that 5:00 am represents an early time of the day, and since his firm specializes in early stage investments, he felt that the two things were appropriately related.

 

Before he joined the 5AM Ventures team, he served as CEO and Chairman of Cubist Pharmaceuticals from 1994 to 2003. He has spent more than 30 years in the healthcare management business, and has had a number of peer-reviewed research papers published. He has also been credited with being the inventor of over 30 patents in the U.S. And he is a board member at Whitehead Institute, which is a non-profit organization that’s involved with biomedical research.

 

Dr. Rocklage graduated from the University of California at Berkeley, receiving a BS degree in Chemistry. Then, he received his PhD in Chemistry from the prestigious Massachusetts Institute of Technology, or MIT. Some of the studies in his chosen field were done under the Nobel Prize winner, Professor Richard R. Schrock.

 

Over the years, Rocklage has been employed with several healthcare companies, where he was either CEO, Chairman or President. This is what helped gain him the experience to be in a managing position at his current company. At 5AM Ventures, he works with entrepreneurs that include, physicians, scientists and business executives. He assists them with turning their ideas into medical treatments that can meet patients needs.

 

He credits his good organizational skills and his ability to manage time well as being what makes him successful and effective in his line of work. He says that he’s always pushed himself to keep learning and growing.

 

When the doctor is not hard at work attending meetings and managing 5AM Ventures, he spends his time with his wife, Patty, in their home in Palm Beach Gardens, Florida. The couple has three adult children. Learn more: https://www.crunchbase.com/person/scott-m-rocklage

Fabletics is changing the way we shop for workout apparel in stores and online

When you are in search of athletic apparel, you may get overwhelmed trying to figure out which brand is best to buy and which ones will last the longest. You may then experience sticker shock at what the name brand apparel companies charge for their goods. Many people feel like they need to spend that money to get the good quality apparel that those brands are known for. If they spend less on the cheaper brands, then it is like throwing their money away and the clothes will not last long because the quality is terrible. Fabletics has changed the way that most people shop for workout apparel. They offer the same quality of clothing that the expensive brands offer, but at a price that can fit into any budget. Plus, with the help of actress Kate Hudson, their clothing is always stylish and trendy, so you always look good when hitting the gym or the grocery store.

 

Fabletics business model is based on a monthly membership subscription service. This model has proven wildly successful and they have become a multimillion dollar company in just a few short years. Recently, Fabletics has decided to expand their company and open physical stores to implement a reverse showroom technique. To many people, this may seem like an unusual step for a successful online company to make. Most physical stores are losing business to online shopping when their customers find the items they are looking at for less online. Fabletics is simply using their physical stores as another layer of customer service for their members, so it doesn’t matter if they purchase online or in store. The stores allow their customers to see and try on their clothes before purchasing and the items even go in their online shopping cart for later purchase if they desire. The physical stores allow Fabletics to learn the styles and trends that are popular with those areas that they serve, allowing them to offer clothing that would most appeal to their customers in those areas. Their stores also increase their online membership numbers. Up to a quarter of those who come into their stores sign up as monthly subscription members. This creates more loyal customers that come back month after month.

 

The quality of Fabletics clothing is what keeps their members coming back month after month. Their clothes keep their compression and shape, giving you the support you need for many, many workouts. Plus, they hold their color and don’t fade after many washings, so you will always look fabulous in their clothing. When you sign up with Fabletics, you take their Lifestyle Quiz. This quiz helps determine your preferences and exercise habits. This helps to narrow down the clothing choices, making shopping for that perfect outfit on their site quick and easy. This saves you quite a bit of time shopping for that outfit you are looking for, giving you more time to live your life to the fullest. You then will receive hand picked outfits each month to choose from, based on your lifestyle quiz, making shopping each month for a new, stylish outfit, quick and easy.

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