Career FAQs - Startups & Entrepreneurship

Why switch?

Working at a start-up company is a path for science PhDs who are interested in working on all aspects of developing an idea or technology into a product that can be used by the general public. It provides a unique opportunity to participate in multiple facets of drug/product development including research and development, manufacturing, fundraising, product registration, marketing, and sales. Due to the uncertainty of developing a new product, there is risk associated in taking a job at a start up. However, the working environment is extremely exciting and fast paced, with a potential for extremely high rewards if the venture is successful.

What are the responsibilities?

The responsibilities at a start up company include everything from bench research to business development to changing light bulbs. Most start-ups are extremely small (less than 10 employees) and therefore everyone is expected to be comfortable will all aspects of the business. Your responsibilities will vary from day-to-day and you must be flexible in order to quickly develop new skills and expertise as the needs of the company change.

What positions can one hold?

Depending on the size of the company, often one will have a combination of responsibilities that fall into some of the following categories:

•         Research and Development
•        Business and Consulting
•        Fundraising (Venture Capital and Grant Writing)
•        Clinical and Regulatory Affairs
•        Intellectual Property
•        Manufacturing
•        Marketing and Sales

How to apply?

First you must search for positions. This can be done through a variety of forums, including services offered at Yale including, CNSPY, Graduate Career Services, and Yale Career Network. There are search engines dedicated to biotechnology start-ups and additionally there are also recruiting firms, such as CareerTrax, that can facilitate your search. To apply you will need a resume and cover letter that describes your skill set, how it relates to the company, and why you want to work at this particular start up. Finally, during the interview you will likely meet with every single employee to ensure you will fit in working with this team.

Where will you work?

The majority of start-ups in the US are concentrated in a subset of locations, including Boston, California, New York and New Jersey, and some in the Washington, D.C. metro area.

How to prepare for the transition?

The best way to prepare for the transition is to learn as much about the company and product as possible. Spend time talking to the current employees before and during your interview and research the successes and failures of other companies with similar products. Gathering relevant experience through internships, consulting or participating in student organizations will also help build relevant skills and your resume.

Prepared by: Meghan Kerrisk