Join us in this episode as we talk to Philipp Baaske, CEO of Nanotemper, and explore the ins and outs of building a successful biotech startup. We cover topics such as bootstrapping, finding customers, developing effective leadership skills, and more. Gain valuable insights and advice from Philipp's experiences as a business angel and entrepreneur. Tune in to learn how to build and scale a successful biotech startup.

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Philipp Baaske
Christian Soschner

📖 Memorable quotes:
(36:18) "First of all, I disagree with Steve Jobs, it's important to talk with customers about their problems, but it's really about the problem, not talking about a technical solution."
(48:17) "If you don't fail, you do something wrong because if it always works, you don't do the risky thing; you just do the easiest thing."
(01:10:20) "This is my advice on startups: sell. Sell a product before you have it because if the customer gives you money for it, you know that it's worth developing it."
(01:12:39) "We never thought about failing. Failure was not in our mind."
(01:19:31) “I strongly believe that every disease is treatable.”

⏰  Timestamps:
(00:00) Introduction
(02:30) The Impact of SVP Bankruptcy on Entrepreneurship
(06:41) The Importance of Proper Risk Management
(09:51) Absolute Focus on the Things You Can Influence
(12:05) Managing a Global Team: Trust, diversity, and decentralized decision-making
(14:56) Trusting the Best People
(17:01) Hiring with Gut Feeling and CV-Application Letter Match
(20:32) Marketing and Cultural Diversity
(28:43) The Importance of Product-Market Fit Over Funding and Investors
(29:12) Finding Customers vs Finding Investors
(33:43) Milestones and Helping Customers
(38:00) Talking to Customers About Their Problems
(40:06) Identifying Markets and Competitors
(42:56) Unlocking New Cancer Treatment Pathways
(45:26) Overcoming Failure in Startups and Drug Discovery
(48:49) Breaking Out of Confinement and Pursuing Goals
(56:37) Impact of Upbringing on Entrepreneurial Spirit
(57:33) Stop complaining, start improving: lessons from Vienna
(01:00:04) Curiosity-driven education: finding a passion for physics
(01:03:21) Experimenting in microgravity: sending projects to the ISS
(01:14:20) Startup advice: focus on sales and steady growth
(01:12:39) Overcoming adversity: believing in our technology
(01:15:31) The potential of every disease being treatable
(01:18:22) The impact of smoking on cancer risk
(01:23:17) Leadership lessons: walking the talk and starting with yourself
(01:26:35) Emotional Side of Leadership: How Emotions Drive Success
(01:28:57) Balancing Kindness and Assertiveness in Leadership
(01:31:49) Fostering Trust and Transparency in the Workplace
(01:35:35) Maintaining the Spirit of Innovation While Scaling a Company
(01:41:04) Struggles and Support from Business Angel Experience
(01:42:13) Learning as a Business Angel: Insights and Expectations
(01:45:01) The Impact of Toxic Behavior on Company Growth
(01:48:56) Defining the Role of Business Angels in Startups
(01:55:09) Balancing Executive and Investor roles
(01:56:09) Investing in Teams You Can

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