Page 35 - Woman 060920_interactive

Women of Distinction

and assess new technology with created an 18-month plan in- “I founded BeanStock Ventures actual engineering side of the
potential clients.” cluding a financial plan to ensure with the vision of creating a team business. That is where Bean-
Shawnnah spent quite a bit that my two daughters, Marissa of software development experts Stock Ventures comes in. We have
of time on the road looking at and Jazmine, had their college in the medical device space. We the entire product development
very different technologies across educations paid for. Having develop software for our clients package and can assist them in
the board in the healthcare and recently remarried, I discussed and provide SOAR (Software areas where they might want or
medical device space. Shawnnah my plans with my husband, Luis Online/Onsite Agile Regulatory) need support.”
had traveled a lot throughout and my stepson Orion to make training and quality systems to I asked Shawnnah what some
her career so this wasn’t new to sure everyone was on board with assist in satisfying their regula- of her future plans were for Bean-
her, but she had reached a point my decision to leave my job and tory requirements. In addition, Stock Ventures and she respond-
where she wanted to be home venture out on my own.” BeanStock Ventures invests in ed, “I think the key area we want
more with her family. When a Shawnnah was exploring startups by using our revenue to move into is on the venture
position opened up at Illumina, different avenues, with her wide from the consulting business to side. We envision building a VC
a company of which she had variety of experience in differ- advance innovations in health- fund to support startups in the
always wanted to be a part, she
jumped at the chance to be part
of unlocking the power of the
genome. “Illumina develops,
manufactures, and markets inte-
grated systems for the analysis of
genetic variation and biological
function. I absolutely loved my
time there but now with two
children in college I was finally
in a place in life where I could
aim towards my ultimate goal of
owning my own company.”
As this was always in
Shawnnah’s game plan, she
had gone back to school years
earlier in 2011 to earn her MBA.
“I always wanted to have my own
company. I had always been able
to obtain upward mobility, but I
never wanted to step over others
to advance my own career. Most
of my moves over the years had
been lateral ones. Yes, I got paid ent areas she had considered care. Our goal is to help support medical devices and life sciences
more and more as I moved, and building her own medical device, these startups get to their next space. We believe doing so will
eventually compensation be- getting a patent, and pitching it. milestone and provide them with help to stimulate the economy
came a non-issue. I mean, there “What ended up happening was expertise in product develop- and enable great technologies
is a certain point where you earn that instead of building a product ment. Our approach is similar to to get to market faster. Our goal
enough money to provide for company, I started receiving the accelerators and incubators is to get these brilliant ideas to
your family and the motivation to interest from individuals and out there that provide support market faster so that the patients
grow is not just in the compen- companies asking me to help for the business aspects, but can start benefiting from them.”
sation. The incentive for me is in them with their software design, instead we are focused on the If anyone can accomplish
the opportunity and I never really regulatory and medical device product development aspects. these goals, it is Shawnnah Mon-
felt like I had the opportunity development.” Well-respected in Many of these startup founders terrey. She has let nothing stop
to grow. Using my MBA was an the medical device and software are very scientific, technical, and her along the way and advocates
opportunity for me to learn more areas, there suddenly seemed highly educated, but do not have for every one of her clients to
about the business side of things to be an unending supply of the product development and be sure they can achieve their
in addition to the technical side.” customers coming to Shawnnah regulatory expertise to build dreams. With Shawnnah on
Shawnnah joined several asking for assistance with build- and deliver on the product side. their side, I have no doubt their
different organizations, to get ing their teams and launching The product development is the dreams will become a reality.
more involved in the community. their products. At first, she said
“I joined The Society of Women no, since she had her own plans BeanStock Ventures Website: www.beanstockventures.com
Engineers, where I served as vice to build her own product, but Contact us page: https://www.beanstockventures.com/contact
Our services flyer: https://www.beanstockventures.com/wp-content/up-
president for two years. I also before long the need became loads/2020/02/BeanStock-Ventures-Service-Flyer-1.pdf
joined Athena, which is also a overwhelming and the op- Trends from the CEO of BeanStock Ventures: https://www.beanstockven-
STEM organization for women. I portunities to give back were tures.com/news/covid-19-beanstock-ventures-was-built-for-the-future/
started investing a lot of my time rewarding, so she jumped in. Effective Virtual Product Development Management video:
in volunteering. When I decided Today, Shawnnah is the Founder https://youtu.be/dEo6Aho9syk
to start my own enterprise, I and CEO of BeanStock Ventures. Schedule an appointment with us:
https://calendly.com/beanstockventures/30min
35