Thursday, April 18, 2013

Lessons from On-Q-ity's failure: Reflections of a VC who invested in the company

On-Q-ity, a Cancer Diagnostic Company: R.I.P. | LifeSciVC

On-Q-ity recently announced closure of its operations. Bruce Booth, a VC who invested in On-Q-ity reflects on the lessons learnt from this unsuccessful venture.

Booth covers several key learnings, including the significance of team, product focus, getting the market timing right.
Many of these are routinely covered in venture advice articles. Its still worth reading from the point of view of someone who went through the drill. 
I highly recommend giving it a read as its relevant to any CTC company and there are many startup companies trying to commercialize CTC technologies. You can find the updated list of CTC companies in this post.

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