Wed, 27 November 2019
In this episode, Hall welcomes Gary Madsen of ProTransit Nanotherapy. Gary Madsen, Ph.D., has over 30 years of experience in developing and launching biotechnology products in a wide variety of markets at companies of various sizes. He spent 17 years at Abbott Laboratories in product support, new product development and business development. His expertise in product commercialization has helped him to success building new technologies; today that has led him to a promising new technology -- nanoparticle drug delivery.
Gary advises that potential investors in biotechnology make sure that the technology is workable, scalable, and that it has good supporting data beyond just slick advertising. Gary explains some of the technology behind nanoparticle drug delivery, and its potential applications. In addition, Gary touches on why skincare is a good entry point for new technology, as well as some of the technical challenges in scaling production. Finally, Gary outlines some of things that ProTransit has done to set themselves up for success as they pursue additional applications for their technology.
Direct download: Gary_Madsen_of_ProTransit_Nanotherapy.mp3
Category: -- posted at: 4:15pm CDT
Tue, 26 November 2019
In raising funding you need to find investors. So how do you get in front of them?
First, identify the right type of investor and build up your network in that area.
Know your sector, stage, and revenue category and look for those who invest in it. If your target investor funds biotech then you should skip pursuing investors who fund fin-tech.
Second, start building a list of your target investor group.
Target specific people and not firms or funds. Compile a list of 20 investors and start building a relationship with them.
Third, start connecting with them online and in person.
In emailing, start with an introduction of who you are and what you’re all about and how it is relevant to them.
You need to bring something to the investor in addition to the ask for funding.
If you have a contact making an email introduction, provide them a short two paragraph summary. Include the following:
-Who you are - demonstrate experience and credibility
-What you are doing - make it interesting
-Why you want to connect - is it about an investment, advice, feedback, etc.
Don’t make your contact do all the work because they won’t be able to provide that information. Write it up for them.
In meeting them in person, bring something interesting to the discussion such as new information about a sector, company, or group that may be useful to the them. It could also be the latest research you have done on a topic of interest.
Keep the dialog going until you build a rapport with the investor.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
Let’s go startup something today!
Direct download: Startup_Funding_Espresso_--_How_to_get_in_front_of_investors.mp3
Category: -- posted at: 10:26pm CDT