I remember very well a meeting in the mid 1990s when a venture capital partner told me that “a good idea is worth a million’.
He didn’t specify whether his bon mot was denominated in pounds, dollars or euros, but as an inventor of early stage technologies it was music to my ears. Perhaps more importantly, he didn’t specify if this was a pre- or post-money valuation. I suspect it was the latter – what he really meant was that backing a good idea with a million dollars to see whether it had potential was a good bet. But even still, it definitely suggested that in the 1990s a good idea was worth something.
The Cambridge Partnership is the only professional services company in the UK exclusively dedicated to supporting companies in the biotechnology industry. We specialize in providing a “one-stop shop” for accountancy, company secretarial, IP management and admin services. The Cambridge Partnership was founded in 2012 to fill a gap. Running a biotechnology company has little …
