Ep. 36: Lab Equipment Financing Strategies for Biotechs with Jon Chee (CEO of Excedr)
In this episode, VibeCast host Ray Dogum speaks with Jon Chee, Co-Founder and CEO of Excedr, about Lab Equipment Financing Strategies for Biotechs. ------------------------------------------------------------------------ Key moments: 00:00:06 - Introduction 00:01:39 - Inspiration from Teachers 00:04:27 - Frustrations in the Lab 00:07:00 - Founding Excedr 00:09:10 - Traditional vs Independent Leasing Companies 00:16:23 - Types of Equipment Needed at Different Stages 00:18:55 - Shared Equipment and Facilities 00:19:30 - Industry Inflection Points 00:23:57 - The Biotech Startup Podcast 00:33:14 - Importance of Tech Transfer 00:34:22 - Building a Cohesive Team 00:36:07 - Going from Zero to One 00:36:40 - Key Considerations for Early Stage Biotech Companies 00:38:03 - Final Thoughts and Contact Information Guest Bio: Jon Chee is the CEO and Co-founder of Excedr, and has spent more than a decade working in the life sciences industry. Before founding Excedr, he spent his academic career in molecular toxicology wet labs at the University of California, Berkeley. During his time in the lab, Jon realized that his research could easily slow down or grind to a halt if there wasn't access to proper laboratory equipment. With this bottleneck in mind, he began brainstorming with a friend and soon-to-be Co-founder about possible solutions for researchers. The lack of access to mission critical instrumentation eventually led to the founding of Excedr. Excedr is a laboratory support program that provides scientists with cutting-edge instrument leases and comprehensive coverage plans at an affordable price. Excedr's goal is simple: save researchers time and money. They replace the high cost and inconvenience of buying and maintaining lab equipment with a smarter, more efficient means of conducting research. Guest Links: Linkedin: https://www.linkedin.com/in/jonchee/ The Biotech Startups Podcast: https://www.thebiotechstartupspodcast.com/ Excedr Twitter: https://twitter.com/ExcedrInc Excedr Linkedin: https://www.linkedin.com/company/excedr/ Excedr Website: https://www.excedr.com/ About VibeCast VibeCast is our weekly informational podcast and content series exploring the hottest topics in drug development and Web3 with some of the dynamic people that make up the Vibe community. VibeCast is a collection of long-form and short-form video content intended to help our community learn about the current opportunities and challenges in biotech fundraising and community engagement innovation. Guests include biotech founders, regulatory experts, drug development executives, blockchain technologists, web3 community builders, patient community advocates, and many other Vibe Bio community members seeking to accelerate the development of breakthrough treatments.
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