2. INTRODUCTIONS
• Palmer Labs – Where Ideas Come to LifeWhere Ideas Come to Life
– Invent, Integrate, and License Technologiesg g
– Focus on High Tech Commercial Products
– Broad Market Areas: Medical, Energy, Transportation,
TelcomTelcom
• Cardiac diagnosis, auto fuel economy, other
• 8 Rivers Capital
– Take Palmer Labs Technologies to the Marketplace
Organize Financing of Development– Organize Financing of Development
– Form Operating Companies to Deploy Products
3. INTRODUCTION: PALMER LABS AND 8 RIVERS CAPITALINTRODUCTION: PALMER LABS AND 8 RIVERS CAPITAL
Formed by two colleagues from MIT
develop and commercialize high technology products that can have major impacts
fFocus on enabling and rewarding entreprenuers technically and financially
Palmer Labs Where new ideas come to life. I
Identify, invent, integrate, develop, patent and license high technology productsy, , g , p, p g gy p
Palmer Labs goal is to become a leading innovator through attracting, hiring, and
enabling technologists.
8 Ri ers Capital8 Rivers Capital
Form and finances operating companies to deploy Palmer Labs and some other high
technology products using private equity and early project revenues
Our linked but separate companies hope to avoid the pitfalls of standard
entrepreneurial and investment banking enterprises
Facilitate entrepreneurs in retaining greater ownership than through traditional VC’sFacilitate entrepreneurs in retaining greater ownership than through traditional VC s
Palmer Labswhere new ideas come to life
4. OUR HISTORYOUR HISTORY
Bill Brown and Miles Palmer met at MIT. Miles earned degrees in EE and
Chemistry and Bill earned degrees in Biology and Political ScienceChemistry, and Bill earned degrees in Biology and Political Science.
Bill left MIT to go into law. He attended Duke and practiced law in New York
City, first for Donovan Leisure Newton & Irvine and then as partner for Sidley
Austin. He then moved into finance, working for Goldman Sachs, AIG and, g ,
Morgan Stanley. And from there to Duke as a Visiting Law Professor.
After MIT, Miles sought to become an astronaut, and in 1980 was nominated
by NASA and again in 1984 by the Air Force. Unfortunately, he was not
ultimately selected for the program Miles moved into research at SAIC andultimately selected for the program. Miles moved into research at SAIC and
spent the next 22 years developing technologies in electromagnetic launch,
rocket boosted weapons, bio-fuels, zero-emission coal plants, robotic vehicles,
and hybrid vehicles.
With Bill’s finance and legal background and Miles’ technology innovation
background, they partnered to form Palmer Labs and 8 Rivers Capital.
Palmer Labswhere new ideas come to life
5. FOUNDER: MILES PALMERFOUNDER: MILES PALMER
Dr. Miles Palmer is a cofounder of Palmer Labs and 8
Rivers Capital.
Dr. Palmer’s pioneering work in advanced aerospace
technology at SAIC has been recognized nationally by his
peers and resulted in a press conference hosted by Sandia
A distinguished innovator, engineer, and scientist, Dr.
Palmer has four patents and over 40 publications in a
broad range of fields, including biomedicine, aerospace,
optics, communications, transportation, automotive
technology, robotics, power, energy, fuels, and
environmental chemistry
peers, and resulted in a press conference hosted by Sandia
National Labs. His work has been cited by Business Week,
the Chicago Tribune, Scientific American, Discover
Magazine, and other media outlets.
Dr. Palmer served on the MIT Curriculum Committee, the
Department of Defense Strategic Defense Initiative Rocketenvironmental chemistry.
After earning both an Electrical Engineering and a
Chemistry degree at MIT, Dr. Palmer earned his PhD at the
University of California, San Diego. He earned scholarship
and academic society honors at both institutions. His
bachelor’s thesis at MIT led to advances in artificial skin
Department of Defense Strategic Defense Initiative Rocket
Technology Advisory Panel, and the American Institute of
Aeronautics and Aeronautics Committee on Lasers and
Plasmadynamics.
He is married and has two sons, one in college and one in
junior high.bachelor s thesis at MIT led to advances in artificial skin
materials for burn victims, and his PhD thesis included a
credible alternative theory for the early evolution of the
earth’s atmosphere that was published in the national
press. Dr. Palmer was selected by NASA for final
interviews for astronaut selections at Johnson Space
Center while in graduate school.
junior high.
g
Dr. Palmer joined the Air Force in 1981 to gain experience
in flight testing and advanced aerospace technology in an
effort to become an Air Force Space Shuttle astronaut.
He received numerous awards in the Air Force and was
selected for astronaut duty by the Air Force in 1984. He
l f h Ai F i 1986 d j i d SAIC
E-Mail:
left the Air Force in 1986 and joined SAIC.
where new ideas come to life
Miles.Palmer@palmerlabs.com
Palmer Labs and 8 Rivers Capital
6. FOUNDER: BILL BROWNFOUNDER: BILL BROWN
Cofounder Palmer Labs and 8 Rivers Capital
Visiting Professor Duke University School of Law
Recruited by AIG International in 1996 as the
global head of sales for currency and fixed
incomeVisiting Professor Duke University School of Law.
Leadership positions at Sidley & Austin,
Goldman Sachs, AIG, and Morgan Stanley.
Two degrees from MIT Biology Political Science
income
Recruited to Morgan Stanley 1997 as U.S. head
of foreign exchange sales. Took over listed
derivatives as global co head helping manageTwo degrees from MIT, Biology, Political Science
President Phi Delta Theta.
Duke University School of Law graduate
Duke Law Journal editorial board
derivatives as global co-head, helping manage
over 500 staff in 9 locations globally.
Duke University School of Law Board of Visitors
School of American Ballet Corporate Advisory
Practiced law in New York City 1980-89
Donovan Leisure Newton & Irvine , then Partner
Sidley & Austin. Acquisition and project
financing leveraged leasing Latin America debt
School of American Ballet Corporate Advisory
Board.
Married with two daughters in
collegefinancing, leveraged leasing, Latin America debt
refinance, and securities regulation. Joined
Goldman Sachs 1990. Grew foreign sales in
NYC, then London.
college.
E-Mail:
where new ideas come to life
Bill.Brown@palmerlabs.com
Palmer Labs and 8 Rivers Capital
7. OUR PROJECTSOUR PROJECTS
Health Care
Working to prolong and
save lives through
Telecommunications
Inventing technologies
th t ill b i ff d bl
g
advanced technology
products targeted at
solving some of the
most critical health
care problems of
t d
that will bring affordable
high speed wireless
communications to the
world.
today.
Transportation
Integrating technologies to dramatically
Energy
Developing technologies to improve
current systems and to develop newIntegrating technologies to dramatically
improve current automotive systems and to
introduce new modes of every day
transportation.
y p
sources of energy that can dramatically
reduce energy costs and environmental
impacts.
Palmer Labswhere new ideas come to life
8. CONTACT USCONTACT US
Palmer Labs, LLC
11710 Plaza America Drive, Suite 2000
8 Rivers Capital, LLC
11710 Plaza America Drive, Suite 2000
Reston, VA 20190
703 430-8982
703 871-5299 (fax)
Reston, VA 20190
703 430-8980
703 871-5299 (fax)703 871 5299 (fax)
palmerlabs@palmerlabs.com
www.palmerlabs.com
703 871 5299 (fax)
8riverscapital@8riverscapital.com
www.8riverscapital.com
where new ideas come to life Palmer Labs and 8 Rivers Capital
