What's the difference between a biotech entrepreneur and an entrant in America's Cup ?

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Ohhhh... -- about US$ 100 - 500 million !!


Next time you hear a biotech "entrepreneur" -- or entrePOORneur ? -- say he/she wants to start a biotech drug development company, ask him/her how many rich friends they have ?

More than likely, they know absolutely no one with any money.  Yet the cost and timeline for developing just one biotech drug is about the same as entering a boat in the America's Cup race -->> US$ 100 - 400 million.  See the references below if you doubt me.

And the manpower requirements are about the same -- 60 - 100 full-time staff for for 5 - 7 years.  Just like a drug development project !

In sum, if you are not a billionaire and don't know any, don't start a biotech company.

And don't enter America's Cup !

So next time one of your friends or some academic scientist / professor tells you he/she wants to start a biotech company, just ask them in return:

"Why don't you instead just enter a boat in America's Cup ?  The cost and timeline are about the same, and your chances of winning may actually be higher!"  :-)

The analogy is perfectly symmetrical, but they won't realize it, being, more than likely, very very naïve about the 5 - 7 years of rough bio-sailing they face.

"Be careful out there!" 

David Palella

David A. Palella
Founder
BIOSCIENCE VENTURES Inc.

San Diego, California
cell: 619-787-5767
email:  dpalella@gmail.com

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http://www.BSVpartners.com

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http://biobizdev.blogspot.com

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"Battling billionaires rock the America's Cup boat"

http://www.telegraph.co.uk/finance/2784112/Battling-billionaires-rock-the-Americas-Cup-boat.html

Feb 10, 2008

"Just participating in the America's Cup can cost a team between £40m and £80m."

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http://abclocal.go.com/wpvi/story?section=news/sports&id=7276913

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http://news.bbc.co.uk/sport2/hi/sailing/12936177.stm

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http://www.baycitizen.org/americas-cup/story/report-changes-americas-cup-cost/

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http://www.sfexaminer.com/local/2011/03/america-s-cup-deal-will-be-reviewed-following-report

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http://www.stars-stripes.com/san-diego-sailing/explore-stars-stripes.html

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POSTED 03 July 2011 @ 2:00 PM by:


David A. Palella
Founder
BIOSCIENCE VENTURES Inc.
“Global Corporate Development for Biopharmaceuticals since 1991”

San Diego, California
cell: 619-787-5767
email:  dpalella@gmail.com
http://www.linkedin.com/in/davidpalella

web site:  http://www.BSVpartners.com

blog:  http://biobizdev.blogspot.com


& Group Founder:

Infectious Disease R&D and Business Network
http://www.linkedin.com/e/-ubgx8c-godydbie-43/vgh/3937807/

Japan Biotech/Biopharma Partnering Forum
http://www.linkedin.com/e/vgh/2857975/

Asia Business & Finance Roundup
http://www.linkedin.com/e/vgh/3132759/

San Diego Biofuels & Sustainable Chemicals Networking Group
http://www.linkedin.com/e/vgh/3891375/

X-tech Roundup(SM) - San Diego
http://www.linkedin.com/e/vgh/2836926


& Co-founder:

Stem Cells & Regenerative Medicine
http://www.linkedin.com/e/vgh/3921448


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