Biotech Startups

Summarizing biotech competition

Competitive analysis is not just your standard SWOT (strengths, weaknesses, opportunities, threats) analysis for business/management teams. For biotechs competing for market share, there can often be several individual entities vying for a piece of the pie. Knowing your competitors in your (potential) space is essential for strategy development, whether you…

Management training on the fly

Last year I defended my PhD and was lucky enough to get an awesome job as the first scientist at an early clinical stage biotech. We have since hired a few more people, one of whom is a research technician direct report. He and I have worked together for about…

Biotech Product Concept Formulation Framework

Last week I wrote an introduction to some of the basic concepts related to starting a biotech company. But let’s back up and talk about the most basic but essential fundamental: how to go about thinking through a product concept. There are several crucial factors to consider to determine the…

Biotech Startup Concepts

I currently work at a small but clinical-stage biotech company, where I work alongside our founder (an entrepreneur) and a consultant (another entrepreneur) who has his own company on the side that focuses on a protein-based treatment for Muscular Dystrophy. Because of I am surrounded by a startup-y, entrepreneurial feel,…

How do biotech companies raise capital?

What are some ways in which biotechs can raise money? Research and development is expensive, especially in the biotech realm. Cells, antibodies, animal models, infrastructure, etc. can lead to individual experiments costing thousands of dollars. So how do pre-revenue companies raise money to perform their experiments? How can they de-risk…