Stacy L. Chin, who advises academic startup founders, says most university spinouts fail to reach commercial scale. While half of all new businesses survive five years, only a tiny fraction of academic startups do. She shares ten patterns that separate winners from failures.
After advising hundreds of science and tech startup founders for the past decade, let's face it, the majority of the spinouts that spin out of academia simply won't make it. And while in general half of new businesses only see the 5-year mark, only a small fraction of academic startups ever reach meaningful commercial scale. And I've worked with hundreds of startup founders developing new exciting innovations from top universities, hospitals, and research labs. From first-time PhD founders to those with successful exits. And after seeing so many up close, I can't help but notice some patterns between founders that run successful academic startups and founders that simply didn't. So in this video, I'm gonna share my top 10 observations so that you can avoid some of these mistakes in your own startup. And let's get into it.
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