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21. Biotech Startup Revolution: Jared Friedman - Managing Director @ Y Combinator

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Comminator Funding a Tactical Founder

In two thousand five, v cs were not funding what we call young techtical founders. They wanted to fund experienced managers and executives who had run companies before. But by 20 15, all of this intera structure that the biota ecosystem depends on, it had suddenly become possible to start a biote company on a very small amount of money. And that has the consequence of making it possible for a new kind of founderBiotec founder can't raise ten million dollars off of a power point presentation. Founders, they just have a lot of idea and energy and want to try it out since y c was sort of giving those founders a shot at success.

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