bootstrapping biotech - get me money

Post on 22-Apr-2015

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Starting a business in any technical field is tough. Biotech is especially hard because you have to raise money well before you can sell a product. How can a founder raise the needed money from Venture Capitalist and Angels? What must you show in your presentation? Discover the 10 critical items you must show investors to get money.

TRANSCRIPT

Give Me MoneyPresentations which Attract

Investment

Tell Them What They Want to Know

Steve Scott, CEO, Technology Acquisition Group

BIO-BMonitoring with Style

San Diego, CA

Problem – Crippling Costs

Researcher Lack of Quick Subject Identification High cost: estimated 25% of staff time Loss of sensor and data stream

Resident Desire for individual styles

The Problem

What pain does your solution solve? How big is the problem? How much does it cost? Ideal customer

Bio-Bling

Sensitivity Measurement

Your Solution

Picture of product Diagram of product or service Main benefit How much does it save

Simple Distribution

Standard Lab Supply Catalog Web 3 distributors signed

Promotional

How do you generate revenues?

Operate your business Gain market share – Go to market

strategy Focus on realistic operation and

distribution Only the most important points

Year 1 Year 2 year 3 Year 4 Year 50

5

10

15

20

25

30

35

40

45Lab Tech

T-shirt

Petri Ring

Mouse Bling

Market Growth

800320

140 120

Dollars (m)

Marketing and Sales

Size of opportunity Market segments Served available market is key Graphics best

Competition

Painful

Easy

Slow Fast

Tattoo

Color Dot

Isolation

BLING

Competition

Competitive landscape Direct and indirect Map

Competitive Advantage Matrix

Technology

Color change based on chemical sensor and temperature change

Future activity/passivity sensing

Underlying Magic/Technology

Concepts only Differentiation from competitive methods IP strategy mentioned in presentation

Projections

Year 1 Year 2 Year 3 Year 4 Year 5

Revenue 1,600 5,300 18,300 31,000 41,000

COS 400 1,325 4,575 7,750 10,250

SG&A 240 795 2,745 4,650 6,150

Net Profit 960 3,180 10,980 18,600 24,600

Projections and Milestones

Typical 5 year forecast Review possible revenue sources Total Revenue COS, SG&A Net Profit Some add residual cash line Don’t need details

Management Team

CEO – E. X. Harve Harvard Medical Katrina Rodent Project

CTO – Keep M. Glowing CTO 25 yrs - Dow Chemical DOD

CMO – M. Slinger Former CMO – Roche, J&J, Fischer, Beckman, K-Jewelry, Mousekateers

Your Team

Sell your accomplishments High value associations

Schools, companies, awards, big titles One of most important slide in preso Offer a plan to fill gaps

Use of Funds

100

150

200

350

Pilot Testing

Sytlist

Market Launch

Funds Raised 750K

Your Funding Need

How much are seeking? Use of money How long will it last Will you need more money later?

Corporate Development

Yr 1 Yr 2 Yr 3 Yr 4

Phase IDevelopment

Petri RingDevelopment

Pilot Test

Scale up Production (II)

Yr 5

Exit

Scale upProduction (I)

ProjectMilestone

FinancialMilestone

Fund Raising (I)US$ 750k Fund

Raising (II)US$ 1.5M

Yr 0

Market Launch

Status and Timeline

Show what you’ve done Where you are When you will do the next steps Technology, business and funding Exit plan Gantt chart or timeline

Strong market demand

Scalable product Large cost improvement

Time savingIndividual identity

Seeking $750,000 for market launchContact: exHarve@biobling.com

Summary & Call to Action

How much capital are you seeking? Key strengths Contact info

Steve Scott, CEO, Technology Acquisition Group

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