Bruce Booth, a partner at Atlas Ventures, has a great article for biotech entrepreneurs preparing a pitch deck. Tip 7 addresses preparing a long range plan with likely liquidity paths for potential investors and shareholders. Below I comment on how intheBlk's Long Range Planning (LRP tool) can help you prepare this portion of your pitch deck:
- The development timeline maps out key inflection points, and the associated costs to get there - understanding the timing and costs with getting to your next inflection point, and investment rounds, is critical for knowing how much investment will get you to a liquidity event. intheBlk's LRP interface makes mapping development timelines and reviewing cost estimates simple, ensuring that the scientific story matches the financial story.
- The interface is built around quarterly financials - an LRP is a high level tool. As stated in the article, no one expects a granular line-by-line budget that is fully accurate. Instead, the exercise is meant to give a high level idea of whether your plan is financially reasonable. intheBlk's LRP is built with this high-level view in mind.
- Build a base, upside and downside scenario with associated risks and liquidity events - no one can tell the future. What if your lead program fails? What if all your programs work? A thoughtful model with planned risks and resources of these scenarios and the associated financial impact will ensure you are prepared for an unknown future.
Change program timelines at the click of a button.
The science should be front and center in a biotech pitch deck. But your plan needs to have a high-level financial foundation to become a success. intheBlk's LRP takes the stress away from building a financial model so you can focus on the science and the story behind your next big idea.
To find out more about how intheBlk's LRP tool can help you, please contact us below.