Academic-led early stage biopharma co's, particularly those that haven't yet raised institutional capital, can face a chicken-and-the-egg issue. They may need an experienced operator to help refine strategy & kickstart fundraising. But w/o capital, it can be hard to attract...1/5

...entrepreneurs to the project. One way to move the ball forward is w/ advisors. Many operators who have had significant success w/ past co's decide to retire from full-time operational work, but still enjoy being part of the ecosystem. They can serve as consultants, board...2/5

...or SAB members, informal advisors. If they're excited about your technology, some may do significant work on your behalf, incl. making connections, for a small equity grant. Of course, VC firms with a focus on "venture creation" may be interested in forming a co. around...3/5

...your technology / programs. (Also, many early-stage co's don't need a CEO immediately - a strong Exec Chair can complement the scientific team until there's enough progress to attract a top CEO.) So how do you find mentors/advisors? Go to conf's & talk to ppl who are... 4/5

...interested in your tech. Check out advisors to other co's in your space. Look at recently acquired co's - any team members who might be useful to you? They may have some time off b/t roles. Each time you connect w/ one person, request that they connect you to 1-2 others. 5/5