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Also, for Life Science startups, this seems like a very small amount of money. Aren't these businesses generally extremely capitol intensive - expensive equipm
by Alupis 6y ago
Also, for Life Science startups, this seems like a very small amount of money.
Aren't these businesses generally extremely capitol intensive - expensive equipment, PhD's, etc.
- mattkrisiloff 6y agoIn the long run, for sure -- but often a lot more than people think can be done to start building momentum with a small amount of money for these types of companies. For example, the company I'm currently CEO of started with $250,000 initially, and that allowed us to figure things out to make a lot more progress and raise a lot more funding. That said if you need more money than what we are offering at the start, our first thing to do will be to help you figure out a greater fundraising process.