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Seeking Funding? Ditch Biz Plan, Buy a Lottery Ticket
Wadhwa Vivek
4/26/2010
Article Resource
Summary:

DURHAM, N.C. - Hardly a day goes by when I don’t have a rookie entrepreneur ask for advice on raising money from VCs.

They usually have a fancy-looking business plan with detailed spreadsheets showing how their company will be worth billions by capturing just 1 percent of a market. All they need is some financing, and they’ll take the world by storm.

My advice is always the same: ditch the business plan, and buy a lottery ticket. Your odds are better, and you’ll suffer less stress.

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It's Not Whether You Win or Lose. It's How You Sell the Game
Wachter Paul
6/24/2010
Article Resource
Summary:

From behind home plate, Jason Klein and Casey White look proudly at the Reading Phillies' flamethrower Phillippe Aumont.  It's not his high-priced arm they're admiring, It's what he's wearing.  "They're the only team with pink on their uniforms," White says.

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10 Things I Learned From Launching a Company in a Recession
Von Tobel Alexa
4/13/2010
Article Resource
Summary:

Two years ago I had an idea for a website. I decided to leave a well paying job, invest all of the money I made post college, and began to start the terrifying journey of building a company. Today, I want to share the ten most powerful things I learned about turning that idea into a business at a time when the economy was at its worst, and capital was scarce. Many of the tips I'm sharing with you were passed down from others who were kind enough to share their experiences and insight with me.

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Biomedical endowment supports Duke program for launching new healthcare businesses
Vinluan Frank
5/4/2011
Blog Resource
Summary:

A new biomedical endowment at Duke University will support a program that has already launched new healthcare businesses. Read more to find out about Duke’s successes in commercializing medical technology.

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Daschle gives his take on healthcare reform legislation
Vinluan Frank
5/13/2011
Blog Resource
Summary:

Former U.S. Senator Tom Daschle gives his viewpoint on healthcare reform legislation and the obstacles ahead. Read more to learn about the legal, administrative and regulatory challenges ahead as a result of this major legislation.

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Healthcare business AutismSphere testing smart phone software
Vinluan Frank
5/3/2011
Blog Resource
Summary:

Health IT startup AutismSphere is replacing paper schedules with electronic ones to provide structure to kids with autism. Founder John Eder is testing the smart phone software in a North Carolina school district and hopes to expand. Read more about this healthcare business that helps kids with autism.

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New pharmaceutical sales strategies Embrace healthcare social media
Vinluan Frank
5/3/2011
Blog Resource
Summary:

It’s all part of the evolution of pharmaceutical marketing. The old way of pharmaceutical reps stopping by doctors’ offices during the business day won’t cut it in modern marketing. Read about how one pharmaceutical business is planning to change the way their salesforce operates. “(Doctors,) frankly, don’t have time and they particularly don’t have time during the day, which is exactly when reps are showing up,” says Pozen's Liz Cermak.

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Venture capital climate in RTP improving
Vinluan Frank
5/4/2011
Blog Resource
Summary:

The venture capital climate improved in RTP in the first quarter, but biotech companies are still competing for dollars. Several RTP companies saw venture capital investment for development of pharmaceutical products and medical technologies. Read more to learn about the venture capital climate.

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Venture capital firm Hatteras to invest up to $30 million in seed-stage opportunities
Vinluan Frank
5/16/2011
Blog Resource
Summary:

Hatteras Venture Partners, a venture capital firm, will invest $20 million to $30 million in helping companies through first-in-man and preclinical studies. The firm expects to invest in 10 to 15 companies in the healthcare business.

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Medical business uses technology to fight counterfeit drug problem
Vinluan Frank
6/7/2011
Blog Resource
Summary:

A North Carolina startup is taking on the problem of counterfeit drugs. The company’s technology embeds a tiny tag into the medicine itself that allows for identification and authentication to fight fraudulent pharmaceuticals.

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