Understanding and Securing Venture Capital: An Entrepreneur’s Perspective

Abstract Venture capital (VC) has contributed a sizable percentage of the funds needed by development-stage biotechnology companies, especially for therapeutics at the later stages of product development and clinical testing when large amounts of capital are required. There are a wide range of VC firms that focus on different stages of development and various product sectors in the biotechnology industry. These VC funds are managed by professionals with diverse backgrounds and interests. Although there is limited capital available such that all worthy biotechnology ideas do not get funded, having a better understanding about VC partners interests and motivations will increase your likelihood of raising VC capital. In this chapter, we will share with you some background and insight from both a VC partner’s and an entrepreneur’s perspective that will improve your efforts to obtain capital for your company.