Product details

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Abstract

A turning point had arrived by mid-2001 in the fortunes of Osvaldo Prada and his Argogen Biotech start-up company located in the Genecity incubator complex near Paris. Created in 2000, the firm, despite its technical competence re-affirmed and promising patents filed, was experiencing some difficulties, financial and some in the market place too - developing a profitable client base was taking longer than expected, and equity investors were becoming increasingly more demanding. While every day in the life of an entrepreneur is a ''challenge with roller coaster rides'', as Prada put it, this time, he admitted, there were some special ones confronting him. The firm was at a critical point in its development and cash was drying up. The initial venture capital funding had been all but spent and new funds were uncertain.
Location:
Industry:
Size:
Small
Other setting(s):
2000

About

Abstract

A turning point had arrived by mid-2001 in the fortunes of Osvaldo Prada and his Argogen Biotech start-up company located in the Genecity incubator complex near Paris. Created in 2000, the firm, despite its technical competence re-affirmed and promising patents filed, was experiencing some difficulties, financial and some in the market place too - developing a profitable client base was taking longer than expected, and equity investors were becoming increasingly more demanding. While every day in the life of an entrepreneur is a ''challenge with roller coaster rides'', as Prada put it, this time, he admitted, there were some special ones confronting him. The firm was at a critical point in its development and cash was drying up. The initial venture capital funding had been all but spent and new funds were uncertain.

Settings

Location:
Industry:
Size:
Small
Other setting(s):
2000

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