Mind to Market

Friday, September 01, 2006

Biz Plan

I've been heads down on a business plan lately and all that that entails. Mostly combing through hundreds of articles, documents, websites. And of course talking to people, mainly my partner Frank, who has first hand knowledge of the industry from a technical point of view. Not that he didn't observe the business side and reach some understandings about it. The bioinformatics industry has gone through some very dramatic transformations, as has all of IT, over the last ten years. Just by coincidence I ran into the former CFO of Genomica at BioWest last week. They had raised a total of $120 million in a matter of months on the basis of a business plan, a management team and a whole lotta hype. Those were the days!!

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