Bare-bones Startups Do It Themselves

Posted in Business Climate, Funding Sources, Tips and Advice by mcarter on December 2nd, 2009

Most entrepreneurs surely can relate to this story from The Scientist about bare-bones startups.

Author Chris Tachibana notes how a do-it-yourself approach (is there any other way?) has enabled one biotech entrepreneur to get rolling.

Stine’s approach sounds groundbreaking, but really, he is just taking a tried-and-true model to an extreme, according to Phil Ness, president and CEO of WashingtonLifeScience.com, a local website for biotechnology news, jobs, events, and educational materials. “The companies you read about are those that have lots of money and dedicated PR, but that’s not how the bulk of companies operate,” says Ness. Small life science laboratories often “hit the university auctions for used equipment and use Craig’s List. It’s more common than not.” Still, Stine “is the only guy I’ve ever heard of who remodeled his own facility,” Ness laughs.

 
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