Tips on Running a Biotech Company

1. Life Sci VC discusses the pros and cons of having a Scientific Advisory Board (SAB).  They can provide objective, external perspectives and be a conduit for idea exchange. However they can be expensive and sometimes have difficult dynamics if collaborators are involved.  It should have 3-5 core members with ad hoc members invited as needed. Nobel Prize-winning scientists may help attract investors, but may not make much of a contribution. It’s good to have a mix of backgrounds and experiences.

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