Biotech Venture Investing in Denmark

This article from VC Experts provides an overview of venture capital investing in Denmark from the investor point of view and contains valuable information for entrepreneurs generally. An excerpt:

"There are very few barriers of contact between venture capitalists and entrepreneurs in Denmark. Usually, the phone numbers and email addresses of the venture capitalists are public and freely available, and many companies approach the decision-makers directly.

As in all industries, anyone with a track record of exits will be preferred over less experienced people. If a person can show that he has built a biotech company and exited with a nice historical return for the co-investors, his value to future venture investors is immense, and he is likely to receive capital. However, since most entrepreneurs are first timers, this is usually not the case. In those situations, investors look for entrepreneurs who have clarity in presenting the investment case - meaning that the entrepreneur has put a lot of careful thought into every possible scenario over the next couple of years and has determined steps to prevent failure.

At BankInvest Biomedical Venture, we are looking for three things:

First is clarity of plans. What are their goals? What might prevent them from reaching their goals? What steps are taken to alleviate those risks?

Second is focused management. Can they attract co-investors? Are they cash-focused? Have they made a six-year cash liquidity plan including expected valuations of the company tied to significant (corporate, scientific) milestones?

Last is the technology platform, which generates numerous potential products. What, exactly, is the product to be sold, and why would anyone pay a premium to buy this product?"