Looking for Venture Money--Try OnBioVC
Anybody who has started a biotechnology company will tell you that it is a labor intensive, time consuming and daunting task. After the patents are filed and the business plan is finished, the next step in the process is determining whether or not somebody is willing or crazy enough to invest in your fledgling company.
Like most other things in life, there is an art to raising venture capital and if you are a scientist, I highly recommend that you hire a professional rather than attempt it yourself—it will save lots of time and anxiety. That said, one of the most trying parts of raising venture capital is correctly identifying which firms or networks may right for you! There are literally hundreds or perhaps thousands of investment firms that specialize in a wide variety of technologies to choose from. This can sometimes be overwhelming because information about potential investors is difficult to find at a single website or database.
The advent of the semantic web and social networking has spawned a few websites devoted to venture capital. One that may be of particular interest to bioscientists is OnBioVC. Copy on its website states: “OnBioVC’s mission is to be the premiere destination for timely coverage and comprehensive trend analysis of global bioscience venture capital investment activity.” The site offers provides a FREE database that can sorted by technology and indication and also offers monthly Trend Analysis surveys. While the site is currently in beta, it looks to have potential to be a valuable resource for entrepreneurial bioscientists who are crazy enough to want to start their own companies. Check it out!
Until next time...
Good Luck and Good Money Hunting!!!!!!!
Thanks very much BioJobBlog for the post and the link!!! I will be certain to link back! Let me know how else I may be of assitance to you.
@arubenstein