May 15, 2009 Comments Off on VC’s don’t read business plans; So, what to do? Posted in: General Biotechnology A recent UMD study has found that VCs pay little attention ot the content of business plans.This is not much of a surprise. I’m generally bearish on business plans, but I do recognize their important role. Having written several business plans and having successfully competed in business plan competitions, I’ve recognized that many of the […]
For all the talk of the numerous biotechnology companies with mere months of cash left and the predictions of looming liquidations, mergers, and acquisitions, it is important to note that a measure of destruction can benefit industry progress. Economy Joseph Schumpeter coined a term for industrial progress through destruction: creative destruction. In this process, growth […]