Today we have Juliette Audet with us. Juliette is a Partner at Forbion a multi-stage venture fund in Amsterdam and Munich backing biotech companies in Europe and North America to impact the future of medicine.
Forbion is investing out of 2 separate funds: Forbion Ventures Fund VI and Forbion Growth Opportunities Fund II, of €750M and €600M respectively, with a total of 3b EUR AUM and an established portfolio of 44 companies, with notable investment including NewAmsterdam Pharma, Gyroscope and Inflazome. At Forbion, Juliette focuses on the Venture strategy, investing in biotech companies from pre-clinical stage to Phase 1b and led the investments in NewAmsterdam Pharma, Mestag and Dualyx amongst others.
Scroll ⏬ for an overview of the chapters, Julia’s quickfire answers & the full video interview 👀
This week’s partner: Papercup
The AI dubbing startup Papercup, uses machine learning to localize videos using AI voices that sound human and verified by pro translators. Its clients, Bloomberg, Insider, Jamie Oliver, and Fremantle to name a few, are using the technology to reach new global audiences at a scale never before possible. See it in action here.
Jump to the parts that matter most to you 👀
00:02:10 - Transitioning from Consulting to Pharma and Biotech
00:03:44 - Discipline and Resilience in Career
00:05:18 - Recognizing the Moment to Fold
00:07:17 - The Importance of Science and Interaction in Investments
00:08:50 - The Importance of Board Dynamics
00:10:25 - Board Composition and Power Dynamics
00:12:07 - Creating Consensus on the Board
00:13:37 - The Importance of Governance in Building an Effective Board
00:14:53 - Governance and relationship building with board members
00:16:35 - The Benefits of Virtual Board Meetings
00:18:21 - The Importance of Providing Value
00:20:30 - The Value of External Perspective in VC
00:22:21 - The Unique Nature of Biotech Companies
00:23:57 - Pharma's Need for External Acquisitions
00:25:47 - The Inflection Point in BioTech
00:27:16 - Slump in M&A Activity in Pharma-Biotech & the dawning opportunity
00:28:34 - The Development Process from Preclinical to Phase 3
00:29:58 - The Dynamic between CVCs and Institutional VCs in BioTech
00:33:14 - The Predictability of Biotech VC vs Traditional Venture
00:34:54 - Shoutout to Julie Grant from Canaan
00:36:33 - Balance and Fulfillment in VC
00:38:21 - Getting to know your LPs
Watch the full interview below 👀
🔫 The Quickfire Round 🔫
What advice would you give your 10 year younger self?
Be very intentional about what you want to do/achieve/how you want to lead your life
What are your top tips for emerging VCs across Europe who are fundraising ?
Get to know your LPs. What does success looks like for them and how can you help them achieve it? Once you can answer those two fundamental questions you will be on the right track from fundraising.
What’s the most counterintuitive thing you’ve learned in venture?
Even in an investment area that is all about science, there is a lot of judgment and subjectivity that goes into assessing companies and choosing your investment.
Upcoming events
🖥️ Virtual events we’re hosting
The Impact of AI on VC | 📆 Sep 26, 2023, 12:00 PM - 1:30 PM CEST
Winning in The Secondaries Boom | 📆 Oct 31, 2023, 3:00 PM - 4:00 PM CEST
💃 In-person events we’re attending
Expand North Star in Dubai | 📆 15 - 18 October | 🌍 Dubai
How To Web | 📆 4 -5 October | 🌍 Bucharest | 🤌 Use HTW15EUVC for 15% off
Web Summit | 📆 13 - 15 November | 🌍 Lisbon
Get your discounted Allies Ticket for WVC:E Deal Day Now 🎫
Tuesday 3. October at 09:00 - 16:00 | STATION F • Parvis Alan Turing 5, 75013 Paris, Île-de-France, France
On October 3, the second day of the Summit will be dedicated to men and women investors from throughout the world who are supporting female entrepreneurs. As women currently receive less than 2% of funding globally, we know that casual efforts won’t suffice.
What you can expect:
✨ Hear from experienced female operators and founders
✨ Watch the WVC:E Founder Showcase
✨ Take part in industry networking and pipeline sharing sessions
✨ Enjoy food, drink and a party
✨ DO DEALS
***Please note these tickets are for men-only***
EUVC #223 Juliette Audet, Partner at Forbion