đ§ŹAlfredo Andere - LatchBio: Building Biotech Data Tools to Revolutionize Life Sciences (Part 3/4)
The Biotech Startups Podcast
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Navigating Biotech Dreams
This chapter explores the journey of three friends who left school to pursue their passion in the biotech sector, sharing insights from their early entrepreneurial experiences. They emphasize the importance of market research and user feedback while facing challenges inherent to building biotech companies. The discussion highlights their commitment to long-term dedication in a field that intertwines AI, biology, and the unique obstacles presented by each.
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đ§ŹThe Biotech Startups Podcast is powered by Excedrâhelping life science startups accelerate R&D and commercialization with founder-friendly equipment leasing. Reduce upfront equipment costs. Accelerate R&D. Reach commercial milestones faster.
đTBSP listeners get exclusive offers through Excedrâs partner networkâincluding special discounts, promos, and more: https://www.excedr.com/partners.
"A lot of decisions when you're doing a startup come down to being naive enough to not know how hard it's going to beâand taking that leap of faith."
In part three of our conversation with Alfredo Andere, co-founder of LatchBio, we dive into the early days of building a biotech startup from scratch. Alfredo shares how his teamâs chemistry and blind faith led them to drop out of college and fully commit to solving biotechâs data infrastructure challenges. He details their rigorous market research process, which involved conducting hundreds of user interviews, and how this groundwork helped them raise an oversubscribed $5 million seed round led by Lux Capital.
Alfredo also reflects on the stark contrast between cutting-edge data tools at tech giants like Google and the outdated methods still used in biotech, emphasizing the massive opportunity to revolutionize life sciences.
Key topics covered:
- Building trust and chemistry as a founding team: The decision to drop out and go all-in on LatchBio
- Biotechâs data problem: Why outdated tools are holding back life sciences innovation
- Market research done right: 200+ pages of notes and six paying customers before launching a product
- Raising $5M in seed funding: How preparation and customer validation gave LatchBio a competitive edge
- Lessons on naivete in entrepreneurship: Why bold risks are essential for tackling big problems
If you enjoy The Biotech Startups Podcast, please consider subscribing, leaving a review, or sharing it with your friends. Thanks for listening.
Subscribe to the podcast:
Youtube: https://www.youtube.com/@excedr
Find our guest, Alfredo Andere, at these links:
Find our host, Jon Chee, at these links:
LinkedIn: https://www.linkedin.com/in/jonchee
Learn more about Excedr
LinkedIn: https://www.linkedin.com/company/excedr/
Website: https://www.excedr.com
Resources and articles:
Viktor Frankl's "Manâs Search for Meaning": https://www.goodreads.com/book/show/4069.Man_s_Search_for_Meaning
Lux Capital Insights: https://www.luxcapital.com/riskgaming#content
The Acquired Podcast featuring Jensen Huang: https://www.acquired.fm/episodes/jensen-huang
Taiwan Incubator Program: https://startup.sme.gov.tw/en/ia
Next Generation Sequencing (NGS): https://www.excedr.com/blog/next-generation-sequencing-101
Google and Facebook Data Infrastructure: https://medium.com/illumination/facebook-google-and-digital-public-infrastructure-ee854e1896eb
Bulk RNA-seq Analysis Tools: https://en.wikipedia.org/wiki/List_of_RNA-Seq_bioinformatics_tools
Machine Learning Applications in Biotech: https://cdn.fortunejournals.com/articles/ai-and-machine-learning-in-biotechnology-a-paradigm.pdf
Companies, universities, & people mentioned:
LatchBio: https://latch.bio/
Lux Capital: https://www.luxcapital.com
Google: https://www.google.com
Facebook (Meta): https://www.facebook.com
Excedr: https://www.excedr.com
Vivos Therapeutics: https://www.vivos.com
Kenny Workman: https://www.linkedin.com/in/kennyworkman
Kyle Giffin: https://www.linkedin.com/in/kylegiffin
Brandon Reeves: https://www.linkedin.com/in/brandonreeves1
Jensen Huang: https://www.linkedin.com/in/jenhsunhuang/
Timestamps:
00:00 Intro
01:56 Team Chemistry and Founding Relationships
04:30 Exploring Different Project Ideas
06:34 The Decision to Drop Out of College
09:00 The Role of Naivete in Entrepreneurship
11:38 Biotech vs. Computer Science: Understanding Complex Systems
13:14 Taiwan Incubator Experience
17:22 Market Research: 200+ Pages of User Interviews
21:05 Biotech's Data Infrastructure Problem
25:21 Raising an Oversubscribed $5M Seed Round
29:38 The Future of Biotech Data Analysis
30:30 Outro
The Biotech Startups Podcast gives you a front-row seat to the business and science of building a biotech. Hosted by Jon Chee, CEO of Excedr, the show features honest conversations with founders, execs, and investors about their work, their companies, and how they got there. From scientific breakthroughs to startup lessons, each episode explores what it really takes to grow a life science companyâfrom pre-seed to IPO.
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