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4.0 Substance Over form
Fund: HealthCare Ventures
Posted by Anonymous on 2009-11-20
I am the CEO of a biotechnology company that recently entered into a major transaction with a large pharmaceutical company. Healthcare Ventures invested in us a year and a quarter prior to exit. Before Healthcare Ventures we had gone through multiple pitches with several other VC groups (sound familiar anyone?) and had significant interest because we had already received a favorable term sheet for a licensing deal. However, we did not find the right chemistry (read valuation and control) with any of the VC groups we had spoken to and in addition had the luxury of a phenomenal angel network willing to support us. Just when we had decided that VC funding was not right for us we received a call from Doug Onsi and Steven Landau. In one day they flew out to us and went over the science in far more depth than any before them. They gave us three extraordinary contacts the first day - free of charge :o). The next year we became VC-believers. HCV went out of its way to help us with their network and experience and made a great deal possible for us and our investors - angels included.
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