a16z Podcast: Shifting Risk Mindsets, From Tech to Bio
The a16z Show
a16z
4.2 • 1.2K Ratings
🗓️ 10 May 2018
⏱️ 27 minutes
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| 0:00.0 | Welcome to the A16Z podcast. Today we're having another of our hallway style conversations |
| 0:05.2 | based on videos that are also available on our YouTube channel at YouTube.com |
| 0:09.3 | slash C slash A16Z videos. How can bio and therapeutics founders learn to speak the languages |
| 0:16.0 | of tech and bio? In this hallway style of conversation,16Z bioteam partners, including general partners |
| 0:22.5 | Jorge Condé and Vijay Pondi, with Jeff Lowe, discussed the mindset shifts involved in building |
| 0:27.5 | biocampanies, therapeutics companies in particular. They cover paths to market, timelines, and more. |
| 0:33.7 | So welcome. Here today we have the A16Z bioteam, VJ Pande, Jorge Condé, and Jeffrey Lowe joining. |
| 0:42.2 | And what we want to talk about today is some of the challenges for entrepreneurs investing and building companies in the biospace broadly. |
| 0:52.3 | And especially in ways that that might differ a bit from the tech companies, traditional |
| 0:57.8 | tech companies. |
| 0:58.8 | And certainly, I want to make sure we focus on many of the common pitfalls that we see entrepreneurs |
| 1:04.3 | stumble into in this space. |
| 1:07.2 | So with that, Jeffrey, you spent a lot of time thinking about that. In your mind, what do you think is the top issue that an entrepreneur in this space faces when they start to think about innovating and building a company in the biospace? |
| 1:21.6 | I think it's about speaking a new language. So you have tech entrepreneurs and technical founders coming in and speaking a language that is very geared toward a tech audience, having a new technology. |
| 1:32.7 | And I think what we're so interested in is bringing these new technologies to the biospace. |
| 1:36.8 | And how do you translate that to your partners? |
| 1:39.1 | How do you translate that to your potential funders? |
| 1:41.3 | How do you translate that to the media? |
| 1:42.7 | Because there's something new here, |
| 1:44.8 | and something new and different is something that they often have difficulty translating to people |
| 1:49.8 | doing something used to doing something in the same way. It's previously. Yeah, or even, I mean, |
| 1:54.8 | some of these founders, while they're in computer science or engineering, they've actually never |
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