Founders in the earliest stages of startup life face a hefty learning curve. Just some of the core competencies you need to lock down include how to raise VC funding, recruiting the right people, finding product-market fit and building a killer go-to-market team. The list goes on and on…and on. You’ll learn about all those […]
Biotech January 20, 2021
Running a biotech company is capital intensive, and this can make it intimidating to get started. Founders sometimes face a chicken and egg problem: how do you make progress without millions of dollars in funding, and how do you raise millions of dollars in funding without having made progress?
However, it is quite possible today to start a biotech company on a shoestring budget ($0-$200k starting costs). Many successful biotech companies started in just this way.
This post walks through three such stories, covering three biotech companies that are doing extremely well. Each example explains how they managed to get started and hit initial milestones with minimal funding or without any funding at all.
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