Life Science Success Financial Strategies for Life Science Startups: Insider Secrets Revealed!
In this episode of the Life Science Success Podcast my guest is Josh Yelen, a CPA, MBA, and the Founder & CEO of Function, a strategic financial leadership and bookkeeping services company that supports businesses across various industries, including life sciences. With over two decades of experience in operations, accounting, finance, and sales, Josh is also a co-founder of Venture Forward Capital, where he supports early-stage entrepreneurs in building disruptive companies.
00:00 Introduction to Life Science Success Podcast
00:40 Join Our Free School Community
01:41 Introducing Our Guest: Josh Yelen
02:10 Josh Yelen's Professional Journey
04:30 The Birth of Venture Forward Capital and Function
09:05 Function's Unique Approach to Financial Services
14:55 Challenges in Biotech and Pharma
20:40 Trends Shaping the Future of Biotech
29:19 Firing the Biggest Client and Growing the Business
29:46 Innovative Use of AI in Business
30:53 Aligning Company Goals with OKRs
32:45 The Importance of Focus and Avoiding Distractions
36:46 Leadership Advice and Entrepreneurial Challenges
39:31 Motivational Videos and Personal Drive
45:37 Concerns About AI and the Future of Work
50:48 Excitement for the Future and Final Thoughts