Milton Chang is the author of Toward Entrepreneurship. He was president of Newport and New Focus, which he took public. And the companies he incubated resulted in six IPOs and seven acquisitions; none failed. Incubic was formed subsequently to co-invest with VCs, where only roughly 40% of the companies succeeded. He is a Trustee of the California Institute of Technology and is on the SEC Advisory Committee on Small and Emerging Companies. He was on the Visiting Committee on Advanced Technology of the National Institute of Standards and Technology, and also the authoring committee of the National Academies’ Optics and Photonics: Essential Technologies for Our Nation. He writes a monthly business and management column for the Laser Focus World, and more recently for the IEEE Technology and Engineering Management Society. Dr. Chang earned his BS engineering degree with highest honors from the University of Illinois and PhD from the California Institute of Technology. He was awarded Distinguished Alumni from both U of I and Caltech. He also attended the Harvard Owner/President Management Program (OPM) and was a member of the Young President Organization (YPO). He is a fellow of the Institute of Electrical and Electronic Engineers, the Optical Society of America, and the Laser Institute of America, and past president of IEEE Photonics Society and the Laser Institute of America.