Couverture de Building a Biotech From Zero (Part 1 of 2): Formation, Founders & First Money In

Building a Biotech From Zero (Part 1 of 2): Formation, Founders & First Money In

Building a Biotech From Zero (Part 1 of 2): Formation, Founders & First Money In

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In Part 1 of this two-episode conversation, Ray sits down with longtime partner and life-sciences attorney David Smith to unpack the earliest—and most misunderstood—moments in forming a biotech company.

They dive into choosing the right corporate structure, splitting founder equity, why timing matters, and how early financing tools like convertible notes and SAFEs really work.

It’s a clear, practical look at the decisions that quietly determine whether a life sciences startup ever gets off the ground.

It’s candid, practical, and full of the small details only 30 years of trenches-level experience can give you.

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