Bullpen

Share your memories in the Bullpen JPM Week 2025 Pic Thread! 📸 Have some great JPM Week pics from your time with Bullpen at the Golden Gate Yacht Club? Post and tag them in the comments. 🌉 Show off your selfies and sunsets ⛵ Let's see your boats, Bentleys and bonhomie! Share your highlights and tag anyone in your pics so they can enjoy them as well. Let's relive the week with Members, Sponsors and Guests. Thanks to our Sponsors and Partners for all the incredible events: Mercury Brisbane Economic Development Agency Collaborative Drug Discovery - CDD Vault J.P. Morgan CSC Leasing CSSi LifeSciences MTEC | Medical Technology Enterprise Consortium Silicon Valley Bank BIO on the BAYOU Fredrikson & Byron, P.A. University of Utah Technology Licensing Office Tulane University School of Medicine Medical Alley Mazzetti Veranex Osborne Clarke Richtr Financial Studio Houchens Insurance Group SciLeads The Beautiful Way Foundation Women And AI Emily Whitehead Foundation The Alliance for Artificial Intelligence in Healthcare (AAIH) Bullpen is an invite-only Club gathering Life Science Investors and CxOs with a shared goal of helping each other. We prepare for and attend premier industry events together. Our #Mantra: Find Someone to Help. Repeat. Mission: https://lnkd.in/gemP3WGC Membership Inquiries: https://lnkd.in/gfnyBEpK Member Roster: https://lnkd.in/gqJA_nKB Full Schedule: https://lnkd.in/giP5dNkR

6 ways to make your startup uninvestable Nothing says "I've lost control" like a cap table more diluted than a high school chemistry experiment. Cap(italization) tables show ownership structures and are vital for managing a startup. Yet, many founders make avoidable mistakes that scare off investors: Creativity is great for startups, not for your cap table. Here's what to avoid and how to fix it: 1️⃣ 𝗙𝗶𝗿𝘀𝘁 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗵𝗼𝗹𝗱 𝘁𝗼𝗼 𝗺𝘂𝗰𝗵 Don't give away a majority stake (>50%) at pre-seed/seed - you need to stay in control. 𝗙𝗶𝘅: Use non-dilutive funding, convertible notes, vesting, or agree on future stake reductions. 2️⃣ 𝗚𝗿𝗲𝗲𝗱𝘆 𝘂𝗻𝗶𝘃𝗲𝗿𝘀𝗶𝘁𝗶𝗲𝘀 In Deeptech, spinouts often face >25% university ownership. 𝗙𝗶𝘅: Push for max 10-15% exposure, implement options like tag-along rights if needed. 3️⃣ 𝗗𝗲𝗮𝗱 𝗲𝗾𝘂𝗶𝘁𝘆 & 𝗳𝗼𝘂𝗻𝗱𝗲𝗿 𝘀𝗽𝗹𝗶𝘁 Avoid chunks of equity (>2%) tied to ex-founders, managers, or advisors. 𝗙𝗶𝘅: Reverse vesting, secondaries, buyback provisions. Be mindful of wonky founder splits. 4️⃣ 𝗧𝗼𝗼 𝗺𝗮𝗻𝘆 𝘀𝗺𝗮𝗹𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 Party rounds and 20+ investors can lead to headaches. 𝗙𝗶𝘅: Limit the number of investors or pool smaller ones together. 5️⃣ “𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀” / 𝗮𝗱𝘃𝗶𝘀𝗼𝗿𝘀 Early corporate investors can block future clients or acquirers in the same vertical. 𝗙𝗶𝘅: Be cautious with corporate deals. Follow advisor % best practices. 6️⃣ 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗳𝗮𝘃𝗼𝗿𝘀 𝗼𝗿 "𝘀𝘄𝗲𝗲𝘁𝗲𝗻𝗲𝗿𝘀" Desperation leads to bad deals. 𝗙𝗶𝘅: Say NO to multiple share classes, single investor liquidation preferences, stacked notes, or special voting rights. The goal: Stay in control as long as possible & keep your cap table attractive for growth capital. Great resources: 👉 Peter Walker & Carta 👉 Founder Institute 👉 Chris Harvey (thx for the graph!) Add whatever I might have forgotten ⬇️ #founders #entrepreneurship #startups #venturecapital

Bullpen Moments from JPM Week 2025: On Deck Cohort Pitches! Congratulations to all On Deck Cohort and Coaches for the culmination of all your great work. On Deck Cohort Pitchers: Robert Boyce | Plakous Therapeutics David R. Craig, MBA | Sarcomatrix Linda Ann Tempelman | Persista Bio Inc. Ludovica Labruna | Magnetic Tides Chris Springate | ARC Medical Inc. Adam G. Southam | NoGo, Food for Health Imanuel Lerman | InflammaSense Owen M. | iRxReminder LLC Hannah Zhang | Zepto Life Technology Kenneth Barton | SafetySpect, Inc Robert Lauritzen | CEREBRIU Rafael Rosengarten | Genialis Adam Koster | QA-Bio Inc. Ray Rao, MD | Ankr Health Thank you to the On Deck Cohort Pitch Sponsors: Ernesto Chanona | CSSi LifeSciences Jill Sorensen | MTEC | Medical Technology Enterprise Consortium There are so many to thank, we must put a special On Deck Coaches thank you in the comments! Bullpen is an invite-only Club gathering Life Science Investors and CxOs with a shared goal of helping each other. We prepare for and attend premier industry events together. Our #Mantra: Find Someone to Help. Repeat. Mission: https://lnkd.in/gemP3WGC Membership Inquiries: https://lnkd.in/gfnyBEpK Member Roster: https://lnkd.in/gqJA_nKB Full Schedule: https://lnkd.in/giP5dNkR

Bullpen Moments from JPM Week 2025. Hard to imagine a more beautiful and memorable location to deepen a connection than at our 1:1 Partnering floor at the Golden Gate Yacht Club. Our upper-deck meeting floor features open-deck views of the city and marina, Alcatraz, and the Golden Gate Bridge. On the water are occasional pop-ups from seals, dolphins and whales! Every glance out the windows was a chance for a deep breath and a moment of appreciation for this special spot made possible by our Members and Sponsors. Thank you to our 1:1 Partnering Sponsors: Jeff Steinle | Fredrikson & Byron, P.A. Roberta Antoine D. | Medical Alley Mark Stevenson | Veranex Bruce Hunter | University of Utah Technology Licensing Office Bullpen is an invite-only Club gathering Life Science Investors and CxOs with a shared goal of helping each other. We prepare for and attend premier industry events together. Our #Mantra: Find Someone to Help. Repeat. Mission: https://lnkd.in/gemP3WGC Membership Inquiries: https://lnkd.in/gfnyBEpK Member Roster: https://lnkd.in/gqJA_nKB Full Schedule: https://lnkd.in/giP5dNkR

Find Someone To Help. Repeat. Bullpen

Human Body 👉 Meet Bentley Motors #Bullpen welcomes healthcare leaders from around the world to #JPM2025 in San Francisco with a special opportunity to experience an iconic brand in a different kind of #ZOOM Meeting. “Bentley interiors are so sophisticated that I think just sitting in it is enough and may be even better than driving,” said Vassili Kotlov, renowned car enthusiast, biotech entrepreneur and Bullpen Founding Member. Access is limited. By Appointment Only. Fill out the Contact Us form on our website: https://bullpen.club Leave #Bentley a friendly message too! More about Bentley Motors: https://lnkd.in/g6Q27rns W.O. Bentley founded the company that carries his name on July 10, 1919. Now, more than 100 years later, his name is known across the globe for creating cars with an unrivalled blend of performance and craftsmanship. Request an invitation to join us at the Golden Gate Yacht Club Sunday, January 12 - Thursday January 16 during world’s premier healthcare partnering event. #Bullpen at #JPM2025: https://lnkd.in/gcXNSkBA Enjoy a world-class venue with shoreline views of the Golden Gate Bridge and Alcatraz at Bullpen HQ. Bullpen is an invite-only Club gathering Life Science Investors and CxOs with a shared goal of helping each other. We prepare for and attend premier industry events together. Our #Mantra: Find Someone to Help. Repeat. Mission: https://lnkd.in/gemP3WGC Membership Inquiries: https://lnkd.in/gfnyBEpK Member Roster: https://lnkd.in/gqJA_nKB Full Schedule: https://lnkd.in/giP5dNkR

Moments from Bullpen's JPM Week 2025 Monday Investor Breakfast (fueled by the best bespoke omelets in the bay at Golden Gate Yacht Club!). Thank you Speakers: George Eastwood | Emily Whitehead Foundation Tom Whitehead | Emily Whitehead Foundation Jenn Bonilla, PhD | Moffitt Cancer Center Michael Salgaller | National Institute of Cancer Research, National Health Research Institutes Hunter Rogers, PhD | Cleveland Clinic Sarah Benson-Konforty, MD | 1010VC Thank you Event Sponsors: Ben Kromnick | Mercury Jonathan Cheng (he/him) | Osborne Clarke Anthony Ryan | Brisbane Economic Development Agency Jacques Jospitre | SohoMD, PLLC Bullpen is an invite-only Club gathering Life Science Investors and CxOs with a shared goal of helping each other. We prepare for and attend premier industry events together. Our #Mantra: Find Someone to Help. Repeat. Mission: https://lnkd.in/gemP3WGC Membership Inquiries: https://lnkd.in/gfnyBEpK Member Roster: https://lnkd.in/gqJA_nKB Full Schedule: https://lnkd.in/giP5dNkR

Bullpen's JPM Week 2025 Welcome Reception was greeted by a spectacular evening and moon at the Golden Gate Yacht Club last night. Thank you to all Bullpen Members, Sponsors and Guests for a great start to the week. Thank you Welcome Reception Sponsor: Daniel Tabb | Houchens Insurance Group Thank You All Sponsors & Partners: Mercury Brisbane Economic Development Agency Collaborative Drug Discovery - CDD Vault J.P. Morgan CSC Leasing CSSi LifeSciences MTEC | Medical Technology Enterprise Consortium Silicon Valley Bank BIO on the BAYOU Fredrikson & Byron, P.A. University of Utah Technology Licensing Office Tulane University School of Medicine Medical Alley Mazzetti Veranex Osborne Clarke Richtr Financial Studio Houchens Insurance Group SciLeads The Beautiful Way Foundation Women And AI Emily Whitehead Foundation The Alliance for Artificial Intelligence in Healthcare (AAIH) Bullpen is an invite-only Club gathering Life Science Investors and CxOs with a shared goal of helping each other. We prepare for and attend premier industry events together. Our hashtag #Mantra: Find Someone to Help. Repeat. Mission: https://lnkd.in/gemP3WGC Membership Inquiries: https://lnkd.in/gfnyBEpK Member Roster: https://lnkd.in/gqJA_nKB Full Schedule: https://lnkd.in/giP5dNkR

Checkout the lineup for Bullpen's JPM Week 2025 Monday Bullpen Cup Pitches. +Featuring Bullpen Club Member Pitchers +5-minute Pitch + 5-minute Q&A +50 Investor Capacity +Bullpen Cup is an invite-only event for Investors #BullpenCup Monday Lineup: 10:15 AM | Emily Fang | InFocus Therapeutics 10:30 AM | Theresa Deisher | AVM Biotechnology 10:45 AM | Jolly Nanda, MBA | Altheia, Inc. 11:00 AM | Dr. Himanshu Misra | EnlitenAI, Inc 11:15 AM | Doug Cohen | IR Medtek 11:30 AM | Tim Mikhelashvili | Amedea Pharma 11:45 AM | Robert Neusner | BMI OrganBank 12:00 PM | Benjamin Fryer | Pluristyx, Inc. 12:15 PM | Oleg Shinkazh | ChromaTan, Inc 12:30 PM | James F. Lynch | DNA Nanobots 12:45 PM | Monika Paule | Caszyme 1:00 PM | Rajib Biswas, PhD | CytoHub Inc. Bullpen is an invite-only Club gathering Life Science Investors and CxOs with a shared goal of helping each other. We prepare for and attend premier industry events together. Our #Mantra: Find Someone to Help. Repeat. Mission: https://lnkd.in/gemP3WGC Membership Inquiries: https://lnkd.in/gfnyBEpK Member Roster: https://lnkd.in/gqJA_nKB Full Schedule: https://lnkd.in/giP5dNkR

Bullpen is cruising with #Bentley on the most iconic driveway in San Francisco at the Golden Gate Yacht Club during JPM Week 2025. #Bullpen welcomes healthcare leaders from around the world to #JPM2025 in San Francisco with a special opportunity to experience an iconic brand in a different kind of #ZOOM Meeting. “Bentley interiors are so sophisticated that I think just sitting in it is enough and may be even better than driving,” said Vassili Kotlov, renowned car enthusiast, biotech entrepreneur and Bullpen Founding Member. Thank you Bentley San Francisco (https://lnkd.in/eS4_GR9t) for making two amazing cars available to our Members: • Bentayga Azure • New Continental GT Access is limited. By Appointment Only. Fill out the Contact Us form on our website: https://bullpen.club Leave #Bentley a friendly message too! More about Bentley Motors: https://lnkd.in/g6Q27rns More about Bentley San Francisco: W.O. Bentley founded the company that carries his name on July 10, 1919. Now, more than 100 years later, his name is known across the globe for creating cars with an unrivalled blend of performance and craftsmanship. #Bullpen at #JPM2025: https://lnkd.in/gcXNSkBA Enjoy a world-class venue with shoreline views of the Golden Gate Bridge and Alcatraz at Bullpen HQ. Bullpen is an invite-only Club gathering Life Science Investors and CxOs with a shared goal of helping each other. We prepare for and attend premier industry events together. Our #Mantra: Find Someone to Help. Repeat. Mission: https://lnkd.in/gemP3WGC Membership Inquiries: https://lnkd.in/gfnyBEpK Member Roster: https://lnkd.in/gqJA_nKB Full Schedule: https://lnkd.in/giP5dNkR