ARCH Venture Partners builds massive $400M fund

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ARCH Venture Partners, one of the largest U.S. technology venture firms investing in the development of seed and early-stage advanced technology companies, today announced that its eighth venture fund closed with more than $400 million in subscriptions. ARCH Venture Fund VIII exceeded its $250 million subscription target by more than $150 million.

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Steve Blank’s advice on what it takes to be a life sciences lean startup

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Originally posted on MedCity News by 

What’s the difference between an extrovert and introvert in the world of principal investigators? Answer: Are they staring at your shoes or their shoes? The joke Steve Blank told during a fireside chat hosted by NYCBio illustrates the uphill challenge SBIR grant applicants face when they’re asked to break away from the insulated world of the academic community and expose their ideas to the unflattering light of skeptical customers, tough love mentors and cynical investors.

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FDA simplifies process for novel medical devices

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Truly innovative devices that do not have a “substantially equivalent” predecessor are automatically lumped into Class III, reserved for high-risk devices, and need a costly clinical trial to gain approval. But not all new products are high risk. To fix this barrier to innovation, FDA created the de novo approval pathway in 1997, enabling applicants to apply for approval as low- or moderate-risk devices.

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Y Combinator is Activly Recruiting Health-Tech Startups

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(Reuters) – What do Dropbox, Stripe, Airbnb and Reddit have in common? These technology firms all received mentorship and money from Silicon Valley’s so-called startup machine, Y Combinator.

Now, for the first time in its nine-year history, the accelerator program is actively recruiting health-technology startups. To attract top talent in healthcare and biotech, Y Combinator recently tapped medical executive Elizabeth Iorns as a part-time partner.

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Chicago Innovation Exchange Is Accepting Member Applications

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The Chicago Innovation Exchange announced that they are accepting applications for both the Membership and Business Incubator programs.

Chicago Innovation Exchange Membership is for individual students, faculty, staff, and community members with passions for entrepreneurship and innovation, developing businesses, or looking to join an entrepreneurial team.

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