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Hi Nextos, First you'll need to identify VCs that would consider funding you. There are some VCs that exclusively focus on reformulations, others that focus o
by DevX101 12y ago
Hi Nextos,
First you'll need to identify VCs that would consider funding you. There are some VCs that exclusively focus on reformulations, others that focus on devices, others that do HealthIT, and some that do new drug discovery.
If you're going to a VC and they don't have a track record of investing in similar technology you're likely outside of their comfort zone and/or investment thesis and they will likely pass.
Second, once you've identified your target firms, find some of their portfolio companies and offer to meet exec at the company. I would explain what you're working on, try to share your vision for why the project you're working on is 'frightenly ambitious' and why you can actually pull it off. If you've done a good job at convincing this exec, I'd followup with a request for an introduction to their VC investor.
Alternatively, (or perhaps in parallel), I would look into getting an intro from a professor at Cambridge! Many professors in biological research have some ties to investors (as consultants) or companies via former students or projects that have gone through their lab. As a current grad student, I imagine such a meeting would be trivial to setup but be prepared to rigorously defend your proposition before they expend their reputation by introducing you.
Whatever you do, don't cold email these VC firms. They get thousands of emails every year and they simply don't have the bandwidth to review them all. Which is why an introduction from a trusted intermediary is so important.
Check out this post for a biotech vc, he has some good tips:
http://lifescivc.com/2013/09/ten-tips-for-raising-startup-capital-in-biotech/ http://lifescivc.com/2013/09/ten-tips-for-raising-startup-ca...
Good luck