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<p>Many people try this and fail. The barrier to entry in many areas of biotech is quite large which limits what you can do without a lot of initial funding. For example, Almost all biotech is going to require analytical equipment, which is extremely expensive if you are starting off very small. Also, if you go into biotech, you should ALWAYS expect to be laid or have to change jobs within 5 years, because the industry by its very nature is just so unstable. If you remove the top 10 giant corporations from biotech, the industry as a whole loses $6 billion dollars per year. The game is literally stacked against you from the beginning. Many, many extremely smart people have tried biotech start ups and fail. Usually it takes a stroke of good luck, perfect timing, and some serendipity. Your biotech startup also has to be something that another company can’t easily outsource to China or India (many US CROs get outcompeted simply on price point when compared to an Indian or Chinese CRO). </p>
<p>Anyone who is thinking about a startup should definitely read this book:</p>
<p>[Science</a> Business: The Promise, the Reality, and the Future of Biotech: Gary P. Pisano: 9781591398400: Amazon.com: Books](<a href=“http://www.amazon.com/Science-Business-Promise-Reality-Biotech/dp/1591398401/sr=8-1/qid=1168219621?ie=UTF8&s=books]Science”>http://www.amazon.com/Science-Business-Promise-Reality-Biotech/dp/1591398401/sr=8-1/qid=1168219621?ie=UTF8&s=books)</p>
<p>We constantly hear about amazing biotech promises that end up never coming to fruition. I’m still waiting for the “revolution” in genomics to produce any tangible clinical breakthroughs. </p>
<p>New biotech is always great, that is until you have to convince someone to pay for it:
[Failure</a> to launch : Nature Biotechnology : Nature Publishing Group](<a href=“http://www.nature.com/nbt/journal/v31/n1/full/nbt.2482.html]Failure”>Failure to launch | Nature Biotechnology)</p>