Alex Philippidis Senior News Editor Genetic Engineering & Biotechnology News
Biotech’s most enterprising people are often above average in founding new companies.
The average number of businesses launched by serial entrepreneurs has most often been quoted at 2.3, the figure furnished by the Kauffman Foundation for Entrepreneurship in “The Anatomy of an Entrepreneur,” a 2009 study of 549 founders in industries that included biotechnology. A 2010 study cited a higher average, finding that serial entrepreneurs on average had built five different businesses and sold two of them. (1)
Yet judging from this year’s updated GEN List of serial entrepreneurs, and the original List published in 2012, biotech entrepreneurs are among the most enterprising entrepreneurs. Their lists of companies launched often exceed a handful, with some serial bioentrepreneurs starting up a dozen or more companies. Below is a list of 17 of serial entrepreneurs with lists of the biotech businesses they have started up as founders or Co-Founders.
Michael R. Bristow, M.D., Ph.D
Dennis M. Brown, Ph.D.
Marvin H. Caruthers, Ph.D.
John F. Crowley, J.D.
David R. Elmaleh, Ph.D.
Phillip Frost, M.D.
Leroy (Lee) Hood, M.D., Ph.D.
Robert S. Langer, Sc.D.
James W. Larrick, M.D., Ph.D
William S. (Bill) Marshall, Ph.D.
Eric N. Olson, Ph.D.
Harry D. Pedersen, MBA
Linda Rhodes, V.M.D., Ph.D
David Warshawsky, Ph.D.
Howard J. Weisman
Kleanthis G. Xanthopoulos, Ph.D.
Alejandro Zaffaroni, Ph.D. (1923-2014)
1. See Bonnstetter, R. J., Bonnstetter, B. J., & Preston, D. (2010). Do you have what it takes to be a serial entrepreneur? Target Training International, Ltd. Available via The Bonn Center at: http://www.bonncenter.com/files/Serial_Entrepreneurs.pdf
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