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RESPECT A COMPETITIVE PRODUCT. And then go further as this great article suggests: recommend it to your customers when appropriate (and especially when it is true). When an entrepreneur is pitching investors, the part about who is the competition is relevant here. Be brutally honest if the competition has some superior features and benefits. Go out of your way to point them out, and preserve your credibility. Only a buffoon will stand there saying that his or her product is incomparable. A little humility and a lot of honesty go a long way. http://lnkd.in/wwFTEv View in LinkedIn

THE ROI on the Human Genome Project is claimed to be 60X. Even if it were one tenth of that, it would beat the socks off the average VC return. Count in jobs as an intangible, and it is hard to see how societies would not line up to repeat such an experiment. Add in how this project has been a Game Changer in medicine, and started a whole new paradigm shift to preventative medicine. We have not begun to count those savings. Frame this article on your wall as a reminder of a huge success story. http://mobile.bloomberg.com/news/2013-06-12/human-genome-project-spurred-966-billion-sciences-boom.html View in LinkedIn

EFFECTIVE COMMUNICATION is about KISS (Keep It Simple Stupid). Entrepreneurs frequently deal with high density complexity content, and unless you can communicate this very simply, you are dead. Forget the Elevator Pitch. Can you represent your idea in a pictographic? If you can you will be a more effective communicator. That translates directly to being a better entrepreneur. http://lnkd.in/wCjXZ6 View in LinkedIn

BIOSIMILAR PERSPECTIVE. Interesting read. http://lnkd.in/gWxEJw View in LinkedIn

"I DON'T HAVE CUSTOMERS" a bio-entrepreneur recently told me, because he was developing a new drug. We all have customers but frequently forget this. His investors are his most important customers today. They bought something from him with real money and need superb customer service to not want to change brands. I was recently involved with a company where the CEO treated the investors with contempt. Not good. We all can benefit from thinking hard about who our customers (in the non-traditional sense) are, and focusing on giving them a better customer service experience. http://lnkd.in/73SZjU View in LinkedIn

FLORID ALZHEIMER'S is too late stage and screwed up to have serious hope of a treatment; going downstream to MCI is a better strategy. View in LinkedIn

FAILURE is one of many necessary steps to success. The Lean Method advocates being experimental with your business plan and trying different approaches. Some will work and some will fail. But each is a data point about how best to proceed. Most businesses encounter non-fatal bumps in the road. Those that analyze and learn and power through are usually strengthened by these challenges. Equating failure and shame, as Japan and Spain have traditionally done, is stifling for innovation. The only shame exists when you do not get back on the horse that threw you. . http://lnkd.in/ATUkt8 View in LinkedIn

LIKE THE PHARMA industry market dynamics, this is akin to an innovator brand drug loosing the patent and opening the gate for cheaper generics. The Myriad court decision triggered the emergence of cheaper competitive tests. View in LinkedIn

HALF A TRILLION DOLLARS IN SALES by Pharma companies is a whopping amount. Add to this the over 600,000 employed directly in Europe alone with a multiplier of 3-4 for upstream and downstream jobs, and you have an economic engine with horsepower. As new drug approvals are switching to biologicals, the biotech industry which feeds this will be on the ascendancy, and more Pharma companies will be forced to transition to Biopharma. This trend is in stark contrast to the current difficulty of funding early stage Biopharma. It is time for government initiatives to fill this gap. http://www.pharmaintellect.com/2011/07/top-50-pharmaceutical-companies-in.html?m=1 View in LinkedIn

THE SILVER TSUNAMI in China especially, will grow to enormous proportions just as the tax paying younger cohort is shrinking. This futurist predicts that societies like Japan, which resists immigration, will have to resort to robotics to care for the colossal number of elders. The collision of this tidal wave and the need for solutions is not far away. Entrepreneurs, sharpen your pencils to dream up inexpensive scalable solutions for this enormous social need. http://lnkd.in/mpnnZD View in LinkedIn