If I draw a parallel to software, I know enough about enough companies to be able to essentially create and run a company of my own using no original tech and other people’s components.
What’re the current “rails” of biotech? How can I “bootstrap” this from start to finish assuming money isn’t an issue. I have some targets in mind. What’s the chain going from 0 to 1 using other company’s tech?
Thanks!
Money is an issue, and you'll have costs that software startups don't have to contend with, such as renting or building out lab space, and eventually doing trials. You'll also need a far longer runway owing to the typical R&D, trial, and approval timelines.
I know of one biopharma startup that "bootstrapped" by doing R&D for other pharma companies while developing their own products, but that required contracts worth millions.
Then there's the "virtual pharma" movement, which AFAIK hasn't really created much value. They have a few executive and science positions, but don't own lab space and basically outsource almost all development (using funds from investors) with the hope that they'll have something promising enough a few years later to justify acquisition by a larger company.
Also, I would personally get on LinkedIn find 5-10 sales reps in the area your looking for. Buy them lunch and ask them.