Pytri’s Post

My 6 outcomes for startups after mentoring at MassChallenge My first MassChallenge cohort as a mentor is complete. Mentoring a diverse group of startups during the MassChallenge cohort has been an incredibly rewarding journey. I've had the privilege to witness firsthand the challenges, breakthroughs, and determination of early-stage founders. This experience not only enriched my perspective but also highlighted several key lessons that I believe are crucial for startup success. My personal insights for early-stage startupers I want to share: 1. Develop a market-fit mindset. The best ideas are those that resonate with real market needs, not just theoretical possibilities. Start by listening to your potential customers, validating their pain points, and iterating quickly based on feedback. A market-fit mindset keeps you flexible and focused on delivering value rather than falling in love with a preconceived notion. 2. Your idea is not a product. An idea is just the starting point; the real work begins when you start turning it into something tangible. A product requires planning, prototyping, user testing, and execution to bring it to life. Remember, customers don't buy ideas—they buy solutions that solve their problems. 3. Building the right team. A great idea without a great team is likely to fail. Surround yourself with people who complement your skills, share your vision, and bring diverse perspectives to the table. A strong team with shared values and clear roles is the foundation of any successful startup. 4. Customer acquisition as a process. Acquiring customers isn't a one-time task; it's a systematic, evolving process. You need to identify your audience, test different acquisition channels, and refine your approach based on performance metrics. Treating customer acquisition as a core business process ensures sustainable growth over time. 5. Set your metrics and deadlines. Metrics are the pulse of your startup; they help you measure progress and make informed decisions. Deadlines create urgency and keep your team focused. By defining clear goals and timelines, you create a framework for accountability and maintain momentum toward achieving milestones. 6. Investors are not investing in your idea. Investors care about execution, market potential, and the team's ability to deliver—not just the idea itself. A compelling pitch should demonstrate traction, a clear go-to-market strategy, and why your team is the one to bring the idea to life. In other words, they invest in the vision and the execution capability behind the idea. Each insight stems from my experience and observations, and I hope they provide value to founders navigating the challenging yet rewarding world of startups!

Techbio startups play at the most exciting and bullish end of the healthcare spectrum, researching the world’s most complex diseases and ailments. But following a flurry of funding activity, how are European biotech’s faring in 2024? Where are scaleups going next? And what’s next for the sector? Our CEO and cofounder Nicolas Wolikow will be leading a roundtable discussion at Sifted Summit on October 2nd at 13:10, titled Techbio 2024: The state of play, dissected #biotech #techbio #healthtech #startup

𝐌𝐞𝐥𝐛𝐨𝐮𝐫𝐧𝐞 𝐡𝐚𝐬 𝐚 𝐧𝐞𝐰 𝐛𝐢𝐨𝐢𝐧𝐜𝐮𝐛𝐚𝐭𝐨𝐫, 𝐛𝐮𝐭 𝐰𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐦𝐞𝐚𝐧 𝐟𝐨𝐫 𝐢𝐭𝐬 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐛𝐢𝐨𝐭𝐞𝐜𝐡 𝐩𝐫𝐞𝐜𝐢𝐧𝐜𝐭? 𝐀𝐧𝐝 𝐰𝐡𝐨 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐰𝐢𝐧𝐧𝐞𝐫𝐬 𝐚𝐬 𝐚 𝐫𝐞𝐬𝐮𝐥𝐭?   Come find out who the new kid on the block is at CSL headquarters. The collaborative triple threat between Unimelb, WEHI, and CSL is sure to shake up the current landscape and further develop the biotechnological advancements of Australian startups. https://lnkd.in/gYepAGZH

❓ Got questions about how the Medical Biotech Startup 10 week Program can help you decrease your time to market? We’ve got the answers! Join Hello Tomorrow for an Ask Me Anything Session, 📅 Tomorrow, December 17, 2024 ⏰ 4:00 PM 🔗 Register now: [https://bit.ly/3BefEDA] Here’s what you’ll gain from this session: 🔍 Insights into application guidelines 🤝 Details on mentorship and expert support 🌍 Overview of in-person ecosystem tours 💼 Information on investor days and partner offerings Don’t miss this opportunity to take the first step toward accelerating your startup’s growth! 🚀 Vincent Durand, Nicolas Desrumaux, PhD, Mathieu Grajoszex Christophe Tallec #MedicalBiotech #MedTech #Biotech #TechBio #Innovation #Startups #BioLabsFrance

Briefly Bio launches with $1.2m Pre-Seed Funding to Make Complex Lab Experiments Reproducible Briefly Bio, a biotech startup simplifying complex lab processes, has launched with $1.2 million in pre-seed funding. Co-founded in 2022 by Harry Rickerby, Katya Putintseva, and Staffan Piledahl, the company has launched innovative software to make lab work easily reproducible. It allows scientists to capture their work clearly and share it consistently. According to the company’s announcement reported by Health Tech Digital, the pre-seed round was spearheaded by Compound VC, with a significant contribution from Tiny VC, NP-Hard Ventures, and multiple angel investors from the biotechnology and technology sectors. Read more: https://lnkd.in/gwnd-Jzt #fundingnews #FundingOpportunity #StartupFunding #PreSeed #StartupSuccess #HealthcareNews #LabTechnology #HealthcareFunding #nextdigitalhealth #Wi4 #vineetagrawal

I've just came back from the amazing "Targeting mitochondria" conference organized by the World Mitochondria Society. 🏹 It was without doubt an intellectual feast - I don't remember when else had I got so many new ideas on how to further develop Miphic (Techstars '24) technology in the span of just 3 days! 🧠🎇 Special thank you for your dedication to the cause, Volkmar Weissig, we need more people like you. I'm looking forward to the next one, and I hope we'll have even more things to talk about next year! 😉 #mitochondria #precisionmedicine #biotech #startups #eitri #techstars

In the first half of 2024, 50 #biotech startups secured $100M+ in funding rounds, potentially surpassing the peaks of 2020-2021. #Investors are pouring into companies with imminent clinical milestones. Check out this recent Endpoints News article featuring our #clients Uniquity Bio and Endeavor BioMedicines, who are recognized among the top companies who hosted private financing rounds this year: https://lnkd.in/dvVXbFfg #VentureCapital #BiotechFunding #sambrownies  

🚀 "Let's get it started!" - The cooperation between Central European BioForum, A4BEE and us is just starting 🤝 We are thrilled to announce a new chapter in innovation as Medical Innovation Institute partners with Związek BioForum and A4BEE to launch the ❗️Incubator BioForum❗️. This ambitious initiative is set to transform the biotech landscape across Central Europe, providing the crucial support needed to propel #biotech companies toward success. 🌟 Związek BioForum has long been a driving force in the biotech sector, advocating for the growth and development of biotechnology in the Central European region. By joining forces with us and A4BEE, they are taking a significant step forward in creating a dedicated platform that nurtures innovation and supports the next generation of biotech leaders. The Incubator BioForum will be brought to life as part of the #DRIVE programme by EIT Health, which kicks off 🎯 TODAY in Delft, Holland. Our team members Marcin Trzaskowski, Michał Jeska and A4BEE Klaudia Kozusznik are already on the ground. They will be collaborating closely with EIT Health mentors to design a tailor-made programme that meets the unique needs of #PolishBiotech #startups. This initiative reflects our shared commitment to fostering a vibrant biotech ecosystem that can compete on the global stage. Through this partnership, Central European BioForum continues its mission to empower biotech entrepreneurs and drive innovation across Central Europe. The Incubator BioForum is more than just a programme – it's a catalyst for change, offering the resources, mentorship, and community support needed to turn groundbreaking ideas into reality. 📣 Stay tuned for more updates as we embark on this exciting journey to shape the future of #biotechnology in our region. Together, with Związek BioForum at the helm, we're ready to push the boundaries of what's possible in biotech. #Biotech #Innovation #CEBioForum #MedicalInnovationInstitute #A4Bee #CentralEurope #StartupSupport #IncubatorBioForum

I never cease to be amazed by the story of how it all starts with one person with a bold idea, spark of curiosity and a vision.  Looking forward to California Life Sciences (CLS) Innovation Showcase to hear from the #founders about their incredible entrepreneurial journey. #Innovation #Entrepreneurship #LifeSciences #StartupGrowth

🌱 #Bioprocesses —using microorganisms or cells to produce valuable substances—still need major #innovation to lower costs and compete with traditional production. Making #fermentation radically more #efficient would be a #gamechanger for many startups, including ours! 🚀 ✨ Visiting Stämm's offices and labs was pure inspiration! They’re transforming #biomanufacturing with modular, scalable bioreactors that tackle the big issues with traditional fermenters: 💡 Compact and energy-efficient design ⚙️ Flexible, adaptable production 🌍 Lower costs and environmental impact Stämm’s breakthrough is making biotechnology more accessible and scalable! 🌐 #Biotechnology #Innovation #Argentina #Biomanufacturing #SustainableTech #Stämm #FutureOfBiotech #CircularEconomy #Bioreactors