Join us in this episode as we talk to Philipp Baaske, CEO of Nanotemper, and explore the ins and outs of building a successful biotech startup. We cover topics such as bootstrapping, finding customers, developing effective leadership skills, and more. Gain valuable insights and advice from Philipp's experiences as a business angel and entrepreneur. Tune in to learn how to build and scale a successful biotech startup. 💡 LINKS TO MORE CONTENT If you like the episode, become a subscriber and support the show: https://lsg2g.substack.com/subscribe Philipp Baaske Christian Soschner 📖 Memorable quotes: (36:18) "First of all, I disagree with Steve Jobs, it's important to talk with customers about their problems, but it's really about the problem, not talking about a technical solution."  (48:17) "If you don't fail, you do something wrong because if it always works, you don't do the risky thing; you just do the easiest thing." (01:10:20) "This is my advice on startups: sell. Sell a product before you have it because if the customer gives you money for it, you know that it's worth developing it." (01:12:39) "We never thought about failing. Failure was not in our mind."  (01:19:31) “I strongly believe that every disease is treatable.” ⏰  Timestamps: (00:00) Introduction (02:30) The Impact of SVP Bankruptcy on Entrepreneurship (06:41) The Importance of Proper Risk Management (09:51) Absolute Focus on the Things You Can Influence (12:05) Managing a Global Team: Trust, diversity, and decentralized decision-making  (14:56) Trusting the Best People (17:01) Hiring with Gut Feeling and CV-Application Letter Match (20:32) Marketing and Cultural Diversity (28:43) The Importance of Product-Market Fit Over Funding and Investors (29:12) Finding Customers vs Finding Investors (33:43) Milestones and Helping Customers (38:00) Talking to Customers About Their Problems (40:06) Identifying Markets and Competitors (42:56) Unlocking New Cancer Treatment Pathways (45:26) Overcoming Failure in Startups and Drug Discovery (48:49) Breaking Out of Confinement and Pursuing Goals (56:37) Impact of Upbringing on Entrepreneurial Spirit (57:33) Stop complaining, start improving: lessons from Vienna (01:00:04) Curiosity-driven education: finding a passion for physics (01:03:21) Experimenting in microgravity: sending projects to the ISS (01:14:20) Startup advice: focus on sales and steady growth (01:12:39) Overcoming adversity: believing in our technology (01:15:31) The potential of every disease being treatable (01:18:22) The impact of smoking on cancer risk (01:23:17) Leadership lessons: walking the talk and starting with yourself (01:26:35) Emotional Side of Leadership: How Emotions Drive Success (01:28:57) Balancing Kindness and Assertiveness in Leadership (01:31:49) Fostering Trust and Transparency in the Workplace (01:35:35) Maintaining the Spirit of Innovation While Scaling a Company (01:41:04) Struggles and Support from Business Angel Experience (01:42:13) Learning as a Business Angel: Insights and Expectations The Real Wealth PodcastHow to grow, protect, and understand wealth at any income.Listen on: Apple Podcasts   Spotify Support the showDo you want to support the podcast team? Join the LSG2G Newsletter as a paying member: Link