The Biotech Startups Podcast

🧬 Why 40% of Venture Funds Failed Last Year (And How to Avoid It) | Krish Ramadurai (2/4)


Listen Later

🧬 The Biotech Startups Podcast is powered by Excedr—helping life science startups accelerate R&D and commercialization with founder-friendly equipment leasing. Skip the upfront costs, stay lean, and focus on breakthrough science.
As a TBSP listener, you can get exclusive perks through Excedr’s partner network—special savings, promotions, and more. Explore these offers today: https://www.excedr.com/partners.
"I was not like, 'Well, this partner helped me on it, and then we shared the deal.' I was like, 'I think I'm good at this because I basically did the output of an entire firm by myself, like, the first two years.'"
In this episode of The Biotech Startups Podcast, host Jon Chee continues his conversation with Krish Ramadurai, exploring his unconventional journey from Harvard academia to becoming a venture capital partner in record time. Krish shares how he applied his research training to venture capital, identifying a new category of compute-driven biotech companies before "TechBio" even existed, and executing twelve investments during his first year as an analyst—all while the COVID-19 pandemic sent markets into free fall.​
Krish reveals the critical importance of "shot-calling" in venture capital, explaining why many talented associates and principals get stuck in their careers by not claiming ownership of their wins. He describes compressing his MBA into sixteen months at Washington University while working two full-time positions, his rapid ascent from analyst to partner by consistently performing above his role, and the uncomfortable but necessary transition from technical expert to fundraiser when dealing with limited partners. Throughout the conversation, Krish emphasizes breaking traditional rules when conviction demands it, treating every investment like an evidence-based academic experiment, and understanding that in venture capital, you're only as good as your last deal.
Key topics covered:
  • Evidence-Based Venture Capital: Applying academic research methodology to investment diligence and thesis development during COVID-19 market uncertainty​
  • Identifying TechBio Before It Existed: Market mapping compute-driven biotech companies and building a comprehensive thesis workbook that led to investments in Insilico Medicine, Red AI, and others​
  • The Art of Shot-Calling: Why claiming ownership of your wins is critical for advancing from analyst to partner, and how many VCs get stuck by sharing credit​
  • Accelerated Career Progression: Navigating the venture capital hierarchy by doing work above your pay grade and forcing conversations about promotion through demonstrated results​
  • The LP Fundraising Reality: Transitioning from technical diligence to selling yourself as a jockey to institutional investors, understanding emerging versus established fund dynamics​

If you enjoy The Biotech Startups Podcast, please consider subscribing, leaving a review, or sharing it with your friends. Thanks for listening.
Subscribe to the Podcast:Apple: https://podcasts.apple.com/us/podcast/the-biotech-startups-podcast/id1679591994Spotify: https://open.spotify.com/show/2PSL162R2s0zOwU5913Zv4Youtube: https://www.youtube.com/@thebiotechstartupspodcast Website: https://www.thebiotechstartupspodcast.com/ 
Find our guest, Krish Ramadurai, at these links: https://www.linkedin.com/in/krishramadurai/https://www.aixventures.com/  Find our host, Jon Chee, at these links: LinkedIn: https://www.linkedin.com/in/jonchee
Learn more about Excedr:LinkedIn: https://www.linkedin.com/company/excedr/ Website: https://www.excedr.com
Intro & Outro Songs Created by OkKyojin, Owned by Excedr:Website: https://flow.page/kyojin 
Resources & Articles:Due Diligence Best Practices in Venture Capital: https://www.wallstreetprep.com/knowledge/venture-capital-diligence/ Market Mapping for Venture Investors: https://www.growthmentor.com/glossary/market-mapping/ 
Companies, Universities, & People mentioned:Harvard University (Belfer Center, Taubman Center): https://www.harvard.edu/ MIT: https://www.mit.edu/ Washington University in St. Louis (WashU): https://wustl.edu/ 
Timestamps:00:00 Intro02:22 Evidence-Based Approach from Academic Research to Venture05:32 First Day at Harmonics and COVID's Impact06:39 MBA While Working Full-Time at MIT11:18 Market Mapping and Building a Thesis16:29 Shot-Calling and Career Advancement in Venture19:35 Accelerating from Analyst to Principal22:02 Transition to Partner and Ownership of Thesis23:31 Fundraising from LPs During COVID25:48 Understanding LP Landscape and Emerging Manager Dynamics30:05 OutroThe Biotech Startups Podcast gives you a front-row seat to the business and science of building a biotech. Hosted by Jon Chee, CEO of Excedr, the show features honest conversations with founders, execs, and investors about their work, their companies, and how they got there. From scientific breakthroughs to startup lessons, each episode explores what it really takes to grow a life science company—from pre-seed to IPO.
...more
View all episodesView all episodes
Download on the App Store

The Biotech Startups PodcastBy Excedr

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

24 ratings


More shows like The Biotech Startups Podcast

View all
TED Radio Hour by NPR

TED Radio Hour

21,972 Listeners

Motley Fool Money by The Motley Fool

Motley Fool Money

3,219 Listeners

The a16z Show by Andreessen Horowitz

The a16z Show

1,084 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

1,837 Listeners

Bold Names by The Wall Street Journal

Bold Names

1,452 Listeners

The Long Run with Luke Timmerman by Timmerman Report

The Long Run with Luke Timmerman

125 Listeners

The Readout Loud by STAT

The Readout Loud

321 Listeners

The Peter Attia Drive by Peter Attia, MD

The Peter Attia Drive

8,633 Listeners

Business Of Biotech by Ben Comer

Business Of Biotech

86 Listeners

BioCentury This Week by BioCentury

BioCentury This Week

34 Listeners

Dwarkesh Podcast by Dwarkesh Patel

Dwarkesh Podcast

508 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

29,129 Listeners

Biotech Hangout by Daphne Zohar, Josh Schimmer, Brad Loncar, Tim Opler & more

Biotech Hangout

18 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

169 Listeners

Ground Truths by Eric Topol

Ground Truths

48 Listeners