Comments on: Want biotechnology venture capital? Use a shotgun! http://www.biotechblog.com/2008/01/14/want-biotechnology-venture-capital-use-a-shotgun/ Commercial, legal, political, and scientific trends in biotechnology Thu, 09 Feb 2012 15:32:22 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Jonathan http://www.biotechblog.com/2008/01/14/want-biotechnology-venture-capital-use-a-shotgun/comment-page-1/#comment-7703 Jonathan Fri, 06 Feb 2009 20:43:45 +0000 http://www.biotechblog.com/2008/01/14/want-biotechnology-venture-capital-use-a-shotgun/#comment-7703 What if you don't know anyone? I mean where do you go from there? What if you don’t know anyone? I mean where do you go from there?

]]> By: Geoff Meyerson http://www.biotechblog.com/2008/01/14/want-biotechnology-venture-capital-use-a-shotgun/comment-page-1/#comment-6024 Geoff Meyerson Mon, 07 Jul 2008 02:35:59 +0000 http://www.biotechblog.com/2008/01/14/want-biotechnology-venture-capital-use-a-shotgun/#comment-6024 The reality of the situation is that since VCs receive hundreds of plans a year and only fund 2-10 new companies a year depending on the size of the fund, the odds are against you. Pitching to as many VC as you can get introductions to makes the most sense. Attorneys and other portfolio company CEOs are good sources of trusted referrals. If you really have trouble getting in, placement agents are the your best bet. Getting a placement agent to take your company before you receive your Series A, however, will be very difficult given the low probability of success, the low potential fee, and the large amount of work required. An unreleated question...why are there no biotech finance blogs not dedicated to public equity investing? I'm trying to buck this trend with my new blog "The Biotech Finance Blog (http://thebiotechfinanceblog.blogspot.com/)" but would love some company. The reality of the situation is that since VCs receive hundreds of plans a year and only fund 2-10 new companies a year depending on the size of the fund, the odds are against you. Pitching to as many VC as you can get introductions to makes the most sense. Attorneys and other portfolio company CEOs are good sources of trusted referrals. If you really have trouble getting in, placement agents are the your best bet. Getting a placement agent to take your company before you receive your Series A, however, will be very difficult given the low probability of success, the low potential fee, and the large amount of work required.

An unreleated question…why are there no biotech finance blogs not dedicated to public equity investing? I’m trying to buck this trend with my new blog “The Biotech Finance Blog (http://thebiotechfinanceblog.blogspot.com/)” but would love some company.

]]> By: Guido Cavakliere http://www.biotechblog.com/2008/01/14/want-biotechnology-venture-capital-use-a-shotgun/comment-page-1/#comment-5791 Guido Cavakliere Mon, 07 Apr 2008 02:46:57 +0000 http://www.biotechblog.com/2008/01/14/want-biotechnology-venture-capital-use-a-shotgun/#comment-5791 Mrs Hartmann More developmenet of that article? I dont think that the article needs more improvement, because the last sentnce of the last paragraph, leaves us an important message "The reality is that most investors will realize that there is a great deal of flexibility in the business plan, because there are so many unknown elements in a young company, and pitching more investors increases the likelihood of attracting an investment." More investors a biotyech firm/ company has, more investments it receives. This is important for the company's survival, But You are right in your last paragraph about joining with a trusted partner for a start. Just one more thing to add: When the firm/ company turns to be a big one, try to keep a limited number of partners, to prevent major disputes, and losses of large sums of money Mrs Hartmann

More developmenet of that article?

I dont think that the article needs more improvement, because the last sentnce of the last paragraph, leaves us an important message

“The reality is that most investors will realize that there is a great deal of flexibility in the business plan, because there are so many unknown elements in a young company, and pitching more investors increases the likelihood of attracting an investment.”

More investors a biotyech firm/ company has, more investments it receives. This is important for the company’s survival,

But You are right in your last paragraph about joining with a trusted partner for a start. Just one more thing to add: When the firm/ company turns to be a big one, try to keep a limited number of partners, to prevent major disputes, and losses of large sums of money

]]> By: Wanda Hartmann http://www.biotechblog.com/2008/01/14/want-biotechnology-venture-capital-use-a-shotgun/comment-page-1/#comment-5694 Wanda Hartmann Tue, 12 Feb 2008 13:49:18 +0000 http://www.biotechblog.com/2008/01/14/want-biotechnology-venture-capital-use-a-shotgun/#comment-5694 This is an interesting start to an article or blog, but needs more development. The venture capital strategy described here is also outlined on Evelexa.com in a document called "The Entrepreneur's Guide to a Biotech Startup." The document is a bit dated (2004), but speaks of a similar venture capital technique, minus the shotgun approach. It seems that in finding venture capital partners, you should go with someone you know and trust -- both for the investor and the startup company. This is an interesting start to an article or blog, but needs more development.

The venture capital strategy described here is also outlined on Evelexa.com in a document called “The Entrepreneur’s Guide to a Biotech Startup.” The document is a bit dated (2004), but speaks of a similar venture capital technique, minus the shotgun approach.

It seems that in finding venture capital partners, you should go with someone you know and trust — both for the investor and the startup company.

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