The 2015 JOBS Act, including Regulation A+, is driving the biotech industry forward. Biotech companies are getting to their IPOs faster, at higher valuations, and using the money to fund further R&D, and hiring to support it.
The push to video conferencing during the pandemic has changed the world of raising capital forever. This CEO raised over $3 billion in their “virtual IPO”, meeting over 1,000 people, including high-profile fund managers, in one-on-ones and groups, via zoom over a 7-day period.
While venture capital has its place in the entrepreneur ecosystem, they eliminate most startups and early-stage companies for consideration. Founders need to leave the old model behind.
We love seeing companies with life-saving technology get the capital they need to get their technology to patients. But we hate seeing the founders have to give up so much of their hard-earned equity to do so.
College Professor Becomes Overnight Billionaire
What’s especially interesting about this story isn’t the sensational headline so much as his business model.