Value creation in Life...
Investors in biotech often ask a simple question:“If I invest, can I exit — and at what deal value?” To solve complex problems — like estimating range of deal values in...
Not a Book Review – 5
Are you tempted to interrupt a conversation when you disagree? No one is born a saint; we all learn from mistakes. I used to do that several years ago, until one day, one of the...
Value creation in Life...
Ever tried a new roast from a different region… Only to realise it’s not for you? No big deal, you just switch back. The cost of changing your mind is low. But what if...
Not a Book Review – 4
Have you witnessed the “prophet without honor” effect in your company? It’s widely observed that advice from experienced internal team members is often dismissed or...
Value creation in Life...
When “Efficiency” Backfires — in Biotech and in Life A recent small power outage in Spain and Portugal created unexpected anxiety. Supermarkets couldn’t process card...
Value creation in Life...
Valuing warrants in biotech isn’t as straightforward as it seems. Black-Scholes might give you a clean number, but does it really capture the uncertainty, illiquidity, and tail...
Value creation in Life...
In this quick video, I unpack what physics and information theory can teach us about deal structures in biotech. Probably, you may not look at a “$3B deal” the same way again....
Not a Book Review 3 – Why...
Several years ago, a brilliant advertisement for an Indian detergent went viral. You can watch it here. I encourage you to watch the ad first so that you understand the context of...
Value creation in Life...
The recent market crash is a great example of a hard problem: How do you beat the market? We often rush to find a single cause—this time, maybe it’s Trump’s tariffs. But...
The Art of Saying No: Why...
Recently, I stumbled upon an article where a business angel shared how he had done well, but also missed some very interesting investments that could have delivered excellent...