Episode 156: Answering YOUR Questions Part 2 – Founding and Building a Biotech Startup Company
You have a promising technology – but does that mean you should build a company around it? In the second installment of our listener-submitted questions series, producer Ian McLachlan is back in the host seat with Elaine Hamm, PhD, and James Zanewicz, JD, LLM, RTTP, to tackle questions about starting and building a biotech company. They explore one of the most important lessons for aspiring founders: fall in love with the problem, not your solution, and make sure there is a real customer willing to change what they are doing and pay for something better. In this episode, you’ll discover: How to determine whether a technology solves a meaningful problem, has a real market, and should become a company in the first place. Why customer discovery should begin before you build the company and how early conversations with customers, investors, and partners can test your assumptions and strengthen your strategy. How founders can establish milestones and go/no-go decisions that help them recognize when to move forward, pivot, or shut a company down before wasting valuable time and capital. Starting a biotech company is hard, but for founders with the right problem, the right team, and the passion to keep going, the potential impact can make the risk worthwhile. Tune in for a candid look at what aspiring entrepreneurs should consider before turning an idea into their next company. Links: Connect with James Zanewicz, JD, LLM, RTTP , and learn about Connect . Connect with Elaine Hamm, PhD , and learn about Tulane Medicine Business Development and the School of Medicine . Learn about NSF I-Corps and I-Corps at NIH . Check out Elaine’s book recommendations: The Lean Startup , The Startup Owner's Manual , Business Model Generation , and Talking to Humans . Connect with Haley Marcotte and learn about Nucleate New Orleans . Connect with Ian McLachlan , BIO from the BAYOU producer, and submit your questions for future episodes! Learn more about BIO from the BAYOU - the podcast. Bio from the Bayou is a podcast that explores biotech innovation, business development, and healthcare outcomes in New Orleans & The Gulf South, connecting biotech companies, investors, and key opinion leaders to advance medicine, technology, and startup opportunities in the region.

