by Tom Ruginis | Feb 19, 2016 | Start-ups |
As a Public Benefit Corporation, transparency is a common thread tying our missions together. From the outset we decided to share PLab financial data. You can find previous disclosures from H1 2015 (here) and Q3 2015 (here). Below are details about our burn rate from...
![Lean Biotech Startup Burn Rate]()
by Tom Ruginis | Feb 6, 2015 | Start-ups |
Tracking expenses by the day and month is critical to estimating your runway as a startup. Unfortunately, scientists are not fully trained to manage finances in a lab. In academia, most of operational duties are handled by the university, and therefore, scientists...
by Tom Ruginis | Nov 5, 2014 | Start-ups |
To be lean with your biotech startup spending, you need to be informed and strategic about your purchasing decisions. Assuming a supplier is giving you a good “discount” is not good laboratory practice. Therefore, it’s important to shop around and...
by Tom Ruginis | Oct 7, 2014 | Start-ups |
The Perlstein Lab experimental design required the purchase of several pieces of large equipment–microscopes, a cell sorter, a cell imager and reader, and the Echo 550. This post will discuss what we’ve learned from our experiences with the process, which...
by Tom Ruginis | Sep 1, 2014 | Start-ups |
As a Public Benefit Corp, it is our duty to sustain values that grow our company with more than profits in mind. We constantly ask ourselves, “How can we become kinder, more efficient, and less wasteful?” Therefore, we must be conscious of our day-to-day...
