Category: Start-ups

2015 burn rate

2015 burn rate

As a Public Benefit Corporation, transparency is a common thread tying our missions together. From the outset we decided to share PLab financial data. You can find previous disclosures from H1 2015 (here) and Q3 2015 (here). Below are details about our burn rate from...
The value of a Virtual Lab Manager

The value of a Virtual Lab Manager

Back in 2014 when PLab was first funded, one of the first hires wasn’t an employee, but a contractor….HappiLabs. Bootstrapping their way into existence, HappiLabs provides a service called the Virtual Lab Manager, specializing in purchasing lab supplies...
The value of a Virtual Lab Manager

Perlstein Lab Burn Rate through Q3 2015

At Perlstein Lab, we’re interested in sharing our experiences so other young biotech companies can learn from us. We like to share our financial information to give you an idea of how and where we spend our money. If you plan to start, or are currently running a...
The value of a Virtual Lab Manager

Perlstein Lab Burn Rate 2015 (Q1-Q2+May)

Previously, we highlighted Perlstein Lab’s burn rate from 2014. We’ll revisit that post and discuss our expenses for January through May 2015. We aim to give guidance to new entrepreneurs and ideas to existing biotech companies. We may not make the best decisions, but...
The value of a Virtual Lab Manager

Lean Biotech Startup Burn Rate

Tracking expenses by the day and month is critical to estimating your runway as a startup. Unfortunately, scientists are not fully trained to manage finances in a lab. In academia, most of operational duties are handled by the university, and therefore, scientists...
The value of a Virtual Lab Manager

Lean biotech startup

PLab fits the mold of a lean startup but with a biotech twist. Over the course of 2014, our first year of existence, we grew bench by bench at [email protected], the biotech incubator we call home. Every aspect of overhead is itemized, from individual autoclave runs to monthly...
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