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7 Common Mistakes of Entrepreneurs and How to Fix Them

Most entrepreneurs start out with great optimism because they perceive in their minds a visionary product or service that could revolutionize some facet of work, life, industry or medicine. First time entrepreneurs embark on this journey with lots of energy and motivation that propels them to step out into this high-risk endeavor. However, most entrepreneurs are not aware of the "Unknown-Unknowns." These are [...]

By | November 14th, 2015|BioBlog|0 Comments

The Benefit of Biotechnology Experience

When venture capitalist Robert Swanson, and biochemist Dr. Herb Boyer each put in $500 to start Genentech in 1976, it could hardly be said that they knew what they were getting into, or how they were going to make their company successful. Few biotechnology companies existed before, and there were no successful “biotechnology business models” to follow.  [...]

By | April 23rd, 2012|BioBlog|Comments Off on The Benefit of Biotechnology Experience

Can I Start a Company and Still Remain an Academic Professor or Physician?

You may be a Professor or Practicing Physician at a University or Research Institution and ask the question “How can I start a biotech company if I don’t really want to run it?” Don’t worry! You don’t have to be CEO in order to start your own biotech company.  In fact, it may not be [...]

By | April 4th, 2011|BioBlog|Comments Off on Can I Start a Company and Still Remain an Academic Professor or Physician?

BioEntrepreneur: Why You Need A Lawyer?

What is the first thing a biotech entrepreneur should do when thinking about formally starting their company??? One of the first things is to talk with an experienced attorney who has worked with start-up biotechnology companies.  Too many entrepreneurs say they can't afford an attorney, but in reality you cannot afford NOT have one for your business. This article [...]

By | August 31st, 2010|BioBlog|Comments Off on BioEntrepreneur: Why You Need A Lawyer?

How Much is Your Company REALLY Worth?

Determining Valuation for Early and Latter Development-Stage Biotechnology Companies – All biotech entrepreneurs at some point must address the question “how much is your company worth?” The answer determines the slice of equity for yourself, employees, and current and future shareholders.  As a result, most BioEntrepreneurs tend to overvalue their company at the start-up and [...]

By | August 2nd, 2010|BioBlog|Comments Off on How Much is Your Company REALLY Worth?

How Does an Entrepreneur Find Venture Capital For Their Business?

The lifeblood of a young biotech company is cash. Without capital, the greatest of ideas get nowhere.  The biotech entrepreneur must successfully identify and access consistent sources of capital over the life of their organization in order to transform their ideas in to products.  During early development stages the entrepreneur should make use of Angel [...]

By | July 9th, 2010|BioBlog|Comments Off on How Does an Entrepreneur Find Venture Capital For Their Business?

“Homey” Rules for Entrepreneurs

Sometimes people make simple things complex.  However, most of the time we make complex things impossible.  George Whitesides has a knack for making complex things seem easy.  He is a professor of chemistry at Harvard and a serial entrepreneur. Whitesides co-founded 12 companies which at one point had a combined market capitalization of over $20 [...]

By | May 17th, 2010|BioBlog|Comments Off on “Homey” Rules for Entrepreneurs

The Biotech Industry is Finally Profitable! So What Does That Mean?

A recent report from Ernst and Young acclaimed that the biotechnology industry finally reached profitability for the first time in history with a net income of $3.9 billion in 2009 (Beyond Borders: Global Biotechnology Report 2010). This is a significant milestone and welcome news!  However, to put this in perspective, Wal-Mart, General Electric and AT&T [...]

By | May 2nd, 2010|BioBlog|Comments Off on The Biotech Industry is Finally Profitable! So What Does That Mean?

What to do First? 7 Steps to Starting a Biotechnology Company

Most would-be entrepreneurs believe that they will one day start a company, however they usually don’t  know how.  Starting a company cannot be haphazard.  Beginning a company requires significant planning and many events must simultaneously converge in order to be successful.  Some people describe the successful convergence of timing and opportunity as “serendipity”, others call [...]

By | April 6th, 2010|BioBlog|Comments Off on What to do First? 7 Steps to Starting a Biotechnology Company