Re:YC competitor: how TechStars was born
by davidw on Sunday May 20, 2007 @04:02PM
(#23440)
Think about how much capital is necessary to get a biotech firm off the ground, let along an actual drug to market.
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That's exactly what I'm curious about. What is necessary and how much capital is needed.
For me, about $6,000 in equipment and reagents, office space that can be converted into a basic lab, and a whole lot of lawyers. I'm going into a biotech area (genetic testing) with almost no regulation or governmental oversight, which changes the game just a little.