Concerns about job security and a relentless lifestyle are holding back would-be biotech entrepreneurs. Academics need to be shown the fun and energy of being in the start-up world says Kevin Johnson of Index Ventures.
The venture capital firm Index Ventures is having trouble finding enough premier quality assets in which to invest the €150 million in its first dedicated life sciences fund, unveiled in March in 2012. Part of the problem believes Kevin Johnson, a Partner at Index, is that academics are simply scared to step into the unknown world of the start-up.
“Too many people are thinking of security rather than opportunity. They seem more afraid of life than death,” Johnson says.
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