The buzzy biotech Perlara got into Y Combinator and raised $10 million from investors like Mark Cuban before things went south. Its founder shares the key lesson he learned from the failure.

Malaysia News News

The buzzy biotech Perlara got into Y Combinator and raised $10 million from investors like Mark Cuban before things went south. Its founder shares the key lesson he learned from the failure.
Malaysia Latest News,Malaysia Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

The first-time entrepreneur told Business Insider about how he built a biotech from scratch, and how it all went wrong.

Twitter connected the biotech with rare disease advocates, and helped it catch the eye of the billionaire

In five years, the startup brought in nearly $10 million from investors and $2 million in revenue from research partnerships with patient advocacy groups, and employed 15 full-time workers."It was tenuous, not fully sustainable. But it was working," Perlstein told Business Insider.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

34 Things Under $10 That Will Never Stop Being Useful34 Things Under $10 That Will Never Stop Being UsefulA doggy seat belt, fancy metal straws, AirPod ear grips, and 31 other things that are here to take problems DOWN.
Read more »

U.S. offers $10 million reward for information to disrupt Hezbollah financesU.S. offers $10 million reward for information to disrupt Hezbollah financesThe United States on Monday offered a reward of up to $10 million for informatio...
Read more »

This Entrepreneur Went From 50 Investor Rejections To $200 Million In SalesThis Entrepreneur Went From 50 Investor Rejections To $200 Million In SalesThe founder of Thrive Market didn’t take the easy route to success. Instead of graduating from a great college and taking a safe job at a big name firm with a comfortable salary, he chose entrepreneurship.
Read more »

'Shark Tank': Why Mark Cuban invested $500,000 in this invention that helps stop snoring'Shark Tank': Why Mark Cuban invested $500,000 in this invention that helps stop snoring'Shark Tank': Why Mark Cuban invested $500,000 in this invention that helps stop snoring via CNBCMakeIt
Read more »

Mark Cuban-Backed Rocket Startup Signs Asian CustomerMark Cuban-Backed Rocket Startup Signs Asian CustomerRelativity Space, the Mark Cuban-backed startup that is building 3D rockets, will launch a mu Space satellite in 2022.
Read more »

What's A Valuable Life Lesson You Learned From 'Parks And Recreation'?What's A Valuable Life Lesson You Learned From 'Parks And Recreation'?What Is The Best Thing You've Learned From 'Parks And Rec' That You Still Live By To This Day?
Read more »

Russian operative Maria Butina has learned her lesson, lawyers sayRussian operative Maria Butina has learned her lesson, lawyers sayMaria Butina, the American University graduate student and gun rights activist, is asking to serve no additional prison time when she is sentenced April 26.
Read more »

We got a look at the pitch decks that buzzy $40 million startup HealthJoy used to snag early investors and then execute a huge strategic shiftWe got a look at the pitch decks that buzzy $40 million startup HealthJoy used to snag early investors and then execute a huge strategic shiftHealth-tech startup HealthJoy started off selling its product to people who were newly insured through Obamacare. Then that market started to sour.
Read more »



Render Time: 2025-02-25 14:17:54