Your additional major lifeline can be additional founders. Seek out succor as well as solace coming from additional founders during the fundraising process. Only they truly understand what you’re going through when you’re going through the item. Don’t be afraid to vent about fundraising, even on Twitter (I’m pretty sure in which earned me the moniker “biotech rebel”). Empathy as well as completely new leads can come coming from anywhere.
Being in fundraising mode crowds out all additional mental activity. Sometimes in which’s because your schedule can be chock full with back-to-back pitch meetings. Sometimes the item’s because you received too many rejections in a 24-hour period as well as you can’t shake the imposter syndrome for days. Sometimes running the business becomes a welcome, much-needed respite in which helps you keep your sanity as well as remember your mission.
No one talks about the dark underbelly of fundraising: Crippling self-doubt, loneliness, as well as personal tolls on all your additional relationships. My biggest regret can be not having a co-founder to help shoulder the boulder of responsibility.
Looking back on the item, my best decision as a founder was joining Y Combinator. the item truly takes a village. as well as the item proved to be a very nurturing start-up village for me. Find your village as well as dare to change the planet. Expect rejection. Seek empathy. Persist.
Ethan Perlstein can be the founder as well as CEO of Perlara, a biotech company founded in 2014 as well as based in South San Francisco. Ethan received a Ph.D. in molecular as well as cell biology coming from Harvard in 2006, as well as was an independent postdoctoral fellow at Princeton coming from 2007-2012.