#80: Alexander Belcredi and Lorenzo Corsini - How to Create An Overnight Success As An Entrepreneur

It is the 80th episode on my podcast channel. In 2020 I wanted to try how podcasts can bring value to my life science business community.One of the first speakers on the podcast was Alexander Belcredi, Phagomed. He and Co-CEO Lorenzo Corsini started their Company in 2015 and developed Alternatives to Antibiotics.; which was also the title of Episode #9 - Alternatives to Antibiotics. In April 2020, Alexander and Lorenzo were fundraising for their Company. Two years later, they signed an acquisition deal with the german Company BioNTech.After the acquisition, I sometimes heard on the market that Alexander and Lorenzo's success story came a bit unexpected.That's why I asked Alexander and Lorenzo to come back to the show to highlight how entrepreneurs create unexpected results in business.Topics we discuss in this episode:➡️ The Decision-Making Process to Start a Company➡️ How to Build Processes, Structures, and Teams➡️ The Reality of Fundraising➡️ The 5 Key Learnings of First-Time Founders➡️ And much, much more...Connect with the experts on the show:Alexander BelcrediLorenzo CorsiniYoutube Video🕒  Timestamps:(00:00) Introduction(06:30) How Easy is it to Create an Overnight Startup Success?(09:07) The Defining Moment of a New Company(12:10) Is the Ideation Phase the Right Time to Found a New Company?(16:19) Some Thoughts on Why 9 out of 10 Startups Fail(17:45) From Ideation to Market – How Much Time is Needed in the Pharma Industry?(21:16) The Complexity of Founding and Developing Life Science Companies(25:40) The Early Days of a Company Formation – Structures, Teams, Processes(31:33) Dealing with adversity(36:15) Operating in a B2B Environment(39:45) The 3 Major Obstacles During the Phagomed Journey(44:40) Adapting the Own Expectations as an Entrepreneur(47:10) Finding the Right Business Case for the Company(58:10) How Important is Relationship Building During Fundraising?(01:06:47) Finding the Right Balance Between Dilution, Control, and Fundraising.(01:12:42) Why Downsrounds Are a Danger for the Motivation(01:15:43) How Plannable Are Acquisitions from the Seller's Perspective(01:24:46) 5 Key Learnings From the Phagomed Journey(01:31:00) What is the first step towards founding a company?Podcast Links:Podcast Website: https://www.lifescienceget2gether.com/Podcast Community: https://lsg2g.substack.com/Community Partner: https://linktr.ee/lsg2gChristian Soschner: https://linktr.ee/soschnerLSG2G Twitter: https://twitter.com/LGet2getherLSG2G Linkedin: https://www.linkedin.com/company/life-science-get2getherPodcast Episodes: https://pod.link/1493847125Episodes on YouTube:  https://www.youtube.com/playlist?list=PLlZfrwd6iXrQ3LIANISUpP22seS2CsCEVSend us Fan Mail Join Christian Soschner for expert coaching. 50% Off - With 35+ years in deep tech, startups/scaleups, and public companies, Christian offers power video sessions. Elevate strategy, execution, and leadership. Book Now.Support the showJoin the Podcast Newsletter: Link