1/ Business development is essential for many biotech startups, but there’s a wide chasm between wanting to partner and signing on the dotted line.
@JorgeConde and I offer a beginners recipe book for the sausage making of a biotech BD deal future.a16z.com/how-to-execute…
@JorgeConde and I offer a beginners recipe book for the sausage making of a biotech BD deal future.a16z.com/how-to-execute…
2/ Biotech founders face a multitude of challenges in building their startup. How do you choose the best business model for your platform company? a16z.com/2021/01/08/bio…
3/ How do you choose the most impactful areas of application for your technology? a16z.com/2021/01/08/pla…
4/ And how do you choose the best partner to help bring your technology to market? future.a16z.com/business-devel…
5/ But once you have gone through the BD dating dance and have chosen a partner you'd like to work with, how do you tactically move to executing an agreement and starting the fun part - the science!!
6/ We think of a biotech business development deal as a play in three acts: pre-term sheet, term sheet, and post-term sheet
7/ In this step-by-step guide, we break down each act — tasks to complete, terms to know, pitfalls to avoid, and advice from our own hard-earned battle experiences — for biotech startup founders and BD leads.
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