How to Fund a Biotech Startup (Without Killing It) | Dr. Andreas Schmidt, Springboard Health Angels
From building startups across three continents to backing the next generation of European biotech, Dr. Andreas Schmidt sits at the intersection of founder, operator, and investor. In this episode, he unpacks why "venture capital is the most expensive money" and when founders should avoid it, what most investors miss when evaluating early-stage biotech, and the one decision rule he uses at life's intersections — what he calls "the diving platform » moment.Dr. Andreas Schmidt is the Managing Director and Co-Founder of Springboard Health Angels, a Munich-based angel network and venture fund investing in early-stage health and life sciences companies. A serial entrepreneur with a PhD in immunology from UC Berkeley, he previously founded and scaled biotech companies in Singapore, Europe, and the US — including AYOXXA Biosystems — before turning his operator experience into capital and mentorship for the next wave of biotech founders.📥 We distilled the sharpest lessons from our first 6 guests into one free guide — the Insider Biotech Career Starter Pack. Get it at https://transcribedpod.comAndreas explains:◼️ Why "venture capital is the most expensive money" — and the underused funding paths (early revenue, family offices, matching public funds) most biotech founders ignore◼️ The "accidental marathon runner" mindset: why every biotech timeline takes twice as long as you plan, and why grit beats brilliance◼️ Why immigrants make exceptional founders — and how being thrown into "swim or sink" environments unlocks creativity most people never tap◼️ His honest take on AI-only life science startups: why he prefers companies with "hard assets" (labs, molecules, IP, clinical data) over pure-software bets◼️ The "diving platform" decision rule he uses at life's crossroads — and why standing still is the only option that never works00:00 Welcome to Transcribed00:48 What Is Springboard Health Angels? Investing with a Founder's Mindset01:27 The Jugend forscht Moment That Sparked a Science Career02:21 Why Build a Company Instead of Staying in Academia05:45 The First Company in Singapore: Sublet Rooms to Pay Employees07:10 Serial Entrepreneurship: What Nobody Tells You About the Glossy Stories08:11 What Makes Biotech Different: The Accidental Marathon Runner09:07 Can Entrepreneurship Be Learned? Why Immigrants Make Great Founders10:14 AI in Biotech: Why Hard Assets Still Matter11:37 Inside a VC's Due Diligence: What AI Can't Tell You About Founders13:22 Mentoring Founders: Seeing Yourself Across the Table15:22 Beyond Venture Capital: Mapping All the Ways to Fund a Biotech17:07 Building vs. Investing: Why Andreas Loves the Hybrid Life18:25 A Day in the Life of a VC: Fundraising, Trust, and Coffee Chats21:03 The Sparring Partner Role: Opening Doors and Sharing What Went Wrong23:12 The AYOXXA Lesson: Why the Last 0.01% Decides Everything24:06 The Most Underrated Influences: Mentors, Family, and the Boy Scouts26:12 Advice for Young People: Take Responsibility Early27:07 The Diving Platform: How to Make Life's Decisive Decisions28:32 Exponential Hype vs. Biological Reality: Will We Cure All Disease?30:00 Advice to His 25-Year-Old Self: Don't Stay on the Rails31:00 ClosingFollow Andreas:LinkedIn - https://www.linkedin.com/in/andreas-schmidt-phd-80259a/—Transcribed Podcast — in-person interviews with scientists, founders, and industry experts shaping the future of biotech and pharma.🎙️ Watch all episodes: https://www.youtube.com/@TranscribedPod📥 Free Biotech Starter Pack → https://transcribedpod.com🌐 https://transcribedpod.com📸 Instagram: @transcribedpod📧 thetranscribedpod@gmail.com#TranscribedPodcast #Biotech #Pharma #Science #Interview #VentureCapital #Startups #AngelInvesting #SpringboardHealthAngels #Munich #Transcribed #Pierre #Meronn
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