Much like the costs of sequencing the human genome,1 the cost of founding a biotech startup is dropping precipitously.2 If current trends continue, biotech companies will soon be founded in garages, funded off their founders’ credit cards. The exact same trend that happened in software over the last decade and happened in hardware over the last 5 years or so is happening in biotech now. A smart software developer can build and launch a web or mobile app and get paying customers for under $2,000. The same will soon be true for biotechnology.
Biotech in the Garage
Biotech in the Garage
Biotech in the Garage
Much like the costs of sequencing the human genome,1 the cost of founding a biotech startup is dropping precipitously.2 If current trends continue, biotech companies will soon be founded in garages, funded off their founders’ credit cards. The exact same trend that happened in software over the last decade and happened in hardware over the last 5 years or so is happening in biotech now. A smart software developer can build and launch a web or mobile app and get paying customers for under $2,000. The same will soon be true for biotechnology.