I argue mostly but there are still some exceptions: http://www.the-scientist.com/?articles.view/articleNo/27680/title/Startup-on-the-cheap/ http://www.the-scie

I argue mostly but there are still some exceptions: http://www.the-scientist.com/?articles.view/articleNo/27680/title/Startup-on-the-cheap/ http://www.the-scientist.com/?articles.view/articleNo/27680/... http://www.xconomy.com/seattle/2009/02/06/sticking-it-to-the-vc-man-johnny-stine-builds-biotech-startup-on-a-shoestring/ http://www.xconomy.com/seattle/2009/02/06/sticking-it-to-the... Also nowadays there are biotech incubators with all the basic equipment where you can rent a bench for around $2k/month. http://www.nature.com/nm/journal/v19/n12/full/nm1213-1556.html http://www.nature.com/nm/journal/v19/n12/full/nm1213-1556.ht... [Paywall]