In this YouTube video, the speaker, a biotech entrepreneur himself, shares insights from his experiences, particularly from failing multiple times before successfully building Corbin. He emphasizes the importance of recognizing and choosing to continue or shut down a failing business. The founder discusses how a platform can help raise funds but stresses the need to focus on one product or sector.
Product market fit is crucial for biotech entrepreneurs, and the speaker advises bringing truly unique products to market to sustain a competitive advantage. He shares personal experiences of transitioning from one product to another and the importance of understanding investors’ incentives and adjusting roles within a company. The speaker also emphasizes the importance of self-motivation and hiring a CEO with market experience, negotiating skills, and fundraising abilities.
