Financial Strategies for Life Science Startups: Insider Secrets Revealed!

Send us a text In this episode of the Life Science Success Podcast my guest is Josh Yelen, a CPA, MBA, and the Founder & CEO of Function, a strategic financial leadership and bookkeeping services company that supports businesses across various industries, including life sciences. With over two decades of experience in operations, accounting, finance, and sales, Josh is also a co-founder of Venture Forward Capital, where he supports early-stage entrepreneurs in building disruptive companies. 00:00 Introduction to Life Science Success Podcast 00:40 Join Our Free School Community 01:41 Introducing Our Guest: Josh Yelen 02:10 Josh Yelen"s Professional Journey 04:30 The Birth of Venture Forward Capital and Function 09:05 Function"s Unique Approach to Financial Services 14:55 Challenges in Biotech and Pharma 20:40 Trends Shaping the Future of Biotech 29:19 Firing the Biggest Client and Growing the Business 29:46 Innovative Use of AI in Business 30:53 Aligning Company Goals with OKRs 32:45 The Importance of Focus and Avoiding Distractions 36:46 Leadership Advice and Entrepreneurial Challenges 39:31 Motivational Videos and Personal Drive 45:37 Concerns About AI and the Future of Work 50:48 Excitement for the Future and Final Thoughts