Re: [DIYbio] Re: YCombinator for Biotech Open now in SF (Indie Bio prev SynBioAxlr8r)

Yep, sorry for the cliffhanger! And I think I'll leave it there. My main goal is to add some more general awareness about this whole concept, and what people should watch out for. We've definitely come across some sharks along our path :)

I have no doubts that that now is a good time to try this stuff out. But, I would ask a lot of questions and get perspectives before being enticed into one particular path. Biotech/synbio is becoming a pretty crazy place right now in a lot of different places.

I'm avoiding going into specifics just because I'm afraid it would be more like an "I said this..." "you said that.." kind of argument, which doesn't really get us anywhere. (Apologies for the vague-ness)

There's probably a really good discussion to be had here about different cases, opportunities, and ways of doing an epic startup (which may or may not include an accelerator). It would be awesome to see more people from this list getting into this kind of thing.

Ryan, which teams have finished raising? Your info might be more up to date than mine. It would be great to know where our friends are at!

Cheers,

Kevin

On Thu, Oct 16, 2014 at 7:59 PM, Biotech Ryan <ryan.bethencourt@gmail.com> wrote:

Hey All, 

I feel some responsibility as I started the post and I have been excited by the work that SOS ventures have been doing on multiple fronts, from early stage hardware to biotech.

I've spoken and met with several of the teams when they came to visit us at Berkeley Biolabs after their demo day and I think in general, what Kevin is probably referring too is the fact that the program in Cork was a first run program, with all the lessons learned that you'd probably expect from the first test run of an innovative biotech program and they will be fixed.

Saying that, I think it's important to highlight success and to congratulate the teams that were part of the accelerator (including Kevin and the team) and SOS, building and funding early stage biotech startups is HARD (I've done it three times now and it was like pulling teeth) and 4 out of 6 of the companies from the Indie Bio program raised significant rounds after their class. 3 raised $500k and the fourth, Muufri, raised $2M (a huge success, both from a technological and ethical perspective).

SOS put their money where their mouth was and took big financial risks on early stage entrepreneurs, how many others do or would do that ?

Now, let's build some kick ass biotechs :)

https://www.linkedin.com/pulse/article/20141015071255-2371689-5-reasons-why-now-is-the-time-to-start-a-biotech?trk=prof-post

p.s. when I spoke with Arvind and he said if anyone had any questions to feel free to email him through the Indie Bio website and he'd be happy to answer any questions.

All the best,

Ryan

On Thursday, October 16, 2014 12:05:55 PM UTC-7, Dakota wrote:

What things specifically?  You left us with a cliffhanger

On Oct 15, 2014 11:51 AM, "Kevin Chen" <bkevi...@gmail.com> wrote:

Definitely! I'm not trying to undermine the value of the program, or doubt the honesty of your words. I think you're in the clear.

But, over-hype can be a dangerous thing. I mostly want to add another perspective to the conversation, other than the folks running it.

Cheers,

Kevin

On Wed, Oct 15, 2014 at 11:18 AM, Cathal (Phone) <cathal...@cathalgarvey.me> wrote:

Hey Kevin,

Sorry it appears misinforming to you. All I can say is that I'm speaking honestly about my plans for IndieB.io Cork.

Thanks for chipping in, though, and I would love to hear more from past teams about how to improve the programme.

Best,
Cathal

On 15 October 2014 15:25:51 GMT+01:00, Kevin Chen <bkevi...@gmail.com> wrote:

Nice discussion here! Although, I seem to be the first one of the participants in the first round of teams posting here.

The hype is good and all, but there's a lot more to consider before signing anything. Definitely apply, but there are certain things to watch out for before you commit. There is at least a bit of misinformation going on here. I'll leave it at that without going into too much detail.

Also, I'd be happy to help you out, for free. I would also recommend reaching out to some of the other teams involved as well.

Kevin


On Wednesday, October 15, 2014 8:30:44 AM UTC-4, Cathal Garvey wrote:

By the way, the application form for the Cork and SF programmes are both
live, for applications:

http://indieb.io/apply-to-ireland/
http://indieb.io/apply-to-sf/

In both cases, remember the following:
* You can apply to both, or for multiple projects.
* Application is not an agreement to participate on your part; that
  comes later. So you stand to lose nothing by applying, you can always
  turn down if we make you an offer.
* Ownership over and confidentiality of your ideas is guaranteed
  throughout and after the application process, whether or not you are
  offered or accepted into the programme(s).
* Be sure to email me if you make an application, just in case it
  doesn't reach me directly yet. We're still working on the Cork/SF
  split and there may be hiccups.

Happy applying, hope to see some fun projects!
best,
Cathal

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Twitter: @onetruecathal, @formabiolabs
Phone: +353876363185
Blog: http://indiebiotech.com
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Sent from my Android device with K-9 Mail. Please excuse my brevity.

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