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Robert W. Duggan
Chief Investment Officer
Bob Duggan is the Founder of the investment
firm Robert W. Duggan & Associates. He brings an investment
banking perspective as well as intelligent insight and guidance to his
portfolio of growth companies.
Mr. Duggan has been a private venture
investor for more than 30 years and has participated as a director of,
investor in and advisor to numerous small and large businesses in the
robotic medical equipment, computer local and wide area network, PC
hardware and software distribution, digital encryption, consumer retail
goods and outdoor media communication industries. He has also assisted in
corporate planning, capital formation and management for various
investments. Across the breadth of ten diversified companies Bob has raised
approximately $160 million dollars as equity investments for these
companies. At this time the
cumulative value of these ventures as measured by current stock exchange
value or final sale price is in excess of $5.5 billion dollars. His investors have generated
approximately $1.75 billion dollars of value on their $160 million of
capital investment.
Mr. Duggan served as Chief Executive
Officer and Chairman of the Board of Directors of Computer Motion, Inc.,
from 1997 until the conclusion of its merger with Intuitive Surgical in
June of 2003.Symbol ISRG (see: www.intuitive.com.) Computer Motion Inc. performed the
world’s first FDA approved robotic assisted surgery in 1994 as well
as the world’s first Trans Atlantic surgery. (The surgeon manipulated robotic
instruments in New York and the
patient’s gallbladder was removed via robotic instruments in a
hospital operating room in Strasbourg,
France).
Mr. Duggan was the co-creator of this project which took place on September
7, 2001. Currently, Mr. Duggan is a
member of the Board of Directors of Intuitive Surgical and is the largest
individual (non-institutional) shareholder of Intuitive Surgical.
In 1999 Mr. Duggan received the “La Legion D’Honneur”
from the President of France, Jacques Chirac. The award recognizes Mr.
Duggan for the introduction of robotic surgical technology to the French
healthcare system and its significant impact on reducing patient trauma,
reducing patient recovery time, and reducing healthcare cost. In 2001 Mr. Duggan was awarded the key to
the city of Shanghai
and interviewed on China National T.V.
This was in connection with a series of lectures he gave to the
Chinese medical community regarding the emergence of surgical robotics and
its potential impact on Chinese healthcare.
Bob and his wife Trish have been married
for over 30 years. They enjoy the company of their 2 daughters and 5 sons.
Bob’s avocational interests include
surfing, playing sports with his children, reading and listening to music.
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