Dr. Bose strongly believes that the company would have gone down a terrible path had they taken on any VC money. He had always wanted Bose Corp to focus on research, and thus all profits are poured into funding more R&D. No doubt this decision makes it possible for him to donate the majority of shares to MIT today. I still remember his words: "Those MBAs would have had me fired in no time."

So how did he fund the company initially? According to Dr. Bose, Lee handed over his entire life savings because he firmly believed that Bose would succeed!