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"Class 5" Entrepreneurship -- Strategies for Starting and Growing New Life Science Ventures in Today\'s Turbulence
Starting a new life science venture is challenging under any conditions. Today, the state of financing, increasing complexity and uncertainty in the regulatory environment, and globalization forces in the industry conspire against entrepreneurs. These conditions demand a return to fundamentals when building businesses, but also a renewed focus on new strategies that prepare these ventures for a competitive environment in the next decade that is decidedly different from the last ones. This presentation explores the Class 5 whitewater conditions of biotech today, and propose approaches entrepreneurs can employ in order to succeed in these conditions.
(This presentation was made at Biotech at the Beach, a conference series in Virginia Beach VA, on 18 February 2011)