Welcome to the new blog! I’m hoping for some ideas of what to write about: so if you’re curious about something biotech related: leave a comment!
Keep an eye out for some guest blogging in the future, as I know some pretty damn smart people. I just hope I can convince them to contribute something.
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June 28, 2008 at 11:52 pm |
biogenerics? will gene therapy/RNAi create the next genentechs/amgen?
has the business model changed for small biotechs so that none will grow that large, and their exit strategy is to be purchased by a big firm?
June 29, 2008 at 2:11 pm |
Objective:
1) Save Mankind with Biotech product, and
2) Get rich using OBP (own Brain Power) and OPM(other people’s Money) so you can repeat 1) without OPM.
Strategies:
1) Target ‘Killer Ap’ by defining attributes necessary to meet Objective 1 above.
2) Use OBP to develop scientific approach and demonstrate feasibility with
minimum capital and sweat equity. (This is the tough part)
3) Raise sufficient capital )PM to industrialize/validate/commercialize product without losing control of future value of business (Also tough since the venture/private equity guys have some experience and want to get paid for any risk taken)
4) Cash out or grow with second product.
What did I miss?