Extremely Successful Investors

Money attracts money. By far, the best endorsements for attracting new investors are the financial commitments of professional investors who have made noteworthy fortunes in the biotech arena. Usually, these are venture capitalists who have learned to judge entrepreneurs and their stories, or at least have been very lucky. Herein lies one of the main reasons for invihng high priced VC money into your deal it is a very good investment for attrachng more OEM in subsequent funding rounds. 

Having said this, I must pay special tribute to Richard Lerner and Sidney Brenner, whose counsel and support greased the tracks for my launching scientific endeavors that flew in the face of conventional wisdom. 

If your story has all these elements, there is one additional factor that will affect your ability to raise money and that is timing. Investors appetites for biotech stories are like the wind if it is blowing hard enough, any kite will fly as the wind dies down, only the very best kites will fly and occasionally, during a dead calm, no kites will fly. And, as with the wind, mere mortals cannot control these cycles, they can only wait for the wind to improve. 

Having a great story is essential to financing a biotech company. Once that is in place, it is critical to understand the various sources of biotech fxmding. 

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