4 ms·
Who was the founder? Maybe I just don't understand the industry, but I always figured starting a biotech company was only really an option for the well-connecte
by garply 18y ago
Who was the founder? Maybe I just don't understand the industry, but I always figured starting a biotech company was only really an option for the well-connected and well-funded. It seems really expensive.
- zaidf 18y agoIt was a speaker at a panel at TieCON 2007. I have no idea how he pulled it off. You are right, thinking biotech and startup makes it seem like it would require a lot of investment. At the same time, there are plenty of folks in desperate situations able to raise money and build a company. How they raise money etc. simply becomes a part of the detail when you are that desperate. He may have had a well-connected cofounder. Or professor. I don't know.
- rms 18y agoIt is certainly not impossible; I did it. It requires very specific circumstances to be able to bootstrap a biotech company. What's more common is probably what I call an East Coast style business: you write a business plan, then you go raise money to execute it.