Episode 46
🧬 Grant Aarons - FabricNano - Part 2 | The Defensibility of Software Companies | Studying Econometrics at London Business School | Joining Entrepreneur First | Becoming a Biotech Startup CEO & Navigating the Startup Journey
Part 2 of 3. My guest for this week’s episode is Grant Aarons, Co-Founder and CEO of FabricNano, a London-based biotech whose mission is to transform industrial chemical processes using cell-free biomanufacturing. FabricNano empowers users with the world's most advanced, flexible, and easily scalable biocatalyst platform, providing highly stable and performant biocatalysts to enable profitable production of sustainable and biobased chemicals. Their approach starts with novel immobilization engineering for enzyme stabilization, followed by budget-conscious protein engineering and process engineering to reach their clients' targets for commercialization of their new biochemical production process.
The Biotech Startups Podcast · Excedr
May 22, 202441m 38s
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Show Notes
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Part 2 of 3.
My guest for this week’s episode is Grant Aarons, Co-Founder and CEO of FabricNano, a London-based biotech whose mission is to transform industrial chemical processes using cell-free biomanufacturing. FabricNano empowers users with the world's most advanced, flexible, and easily scalable biocatalyst platform, providing highly stable and performant biocatalysts to enable profitable production of sustainable and biobased chemicals. Their approach starts with novel immobilization engineering for enzyme stabilization, followed by budget-conscious protein engineering and process engineering to reach their clients' targets for commercialization of their new biochemical production process.
Before FabricNano, Grant was a Research Analyst at the Federal Reserve Bank of New York, and while pursuing his PhD at the London Business School, became an Entrepreneur In Residence at Entrepreneur First, an international business accelerator that has created over 300 companies worth over $10 billion. Grant's diverse experience gives him a unique perspective on the startup ecosystem that everyone can benefit from.
Join us this week and hear about Grant’s:
- Thoughts on the defensibility of software vs. hardware companies and the importance of capital expenditure and continuous business development
- Decision to attend London Business School and pursue his PhD
- Econometrics and grad school research endeavors in predictive modeling
- Learnings from the accelerator experience at Entrepreneur First, highlighting the importance of resilience and adaptability in entrepreneurship.
Please enjoy my conversation with Grant Aarons.
Find Our Guest, Grant Aaron, at these links:
Find Our Guest, Grant Aaron, at these links:
Find Our Host, Jon Chee, at these links:
Timestamps:
00:28 Intro
01:38 Software companies will no longer be defensible; Intel’s hardware strategy, Nvidia’s success
04:46 CapEx investments, market-capture, and FabricNano’s focus on stability and yield
07:38 How hardware companies are servicing the software industry and accumulating value
09:08 Grant’s econometrics research, DSGE mentors, and support network
12:26 The importance of learning, decision to attend London Business School
14:58 UK mentors, their impacts on Grant’s education, and the power of opportunity
19:26 Grad school research: asset pricing, econometrics models, micro and macroeconomics
23:10 Grant’s decision to leaving the PhD program and the encouragement he received
25:25 Resonating with an investment style, The Power Law, and hardware investors
31:01 Getting involved in Entrepreneur First and the randomness of creating startups
36:23 The various approaches accelerators use to create startups, Entrepreneur First’s thesis
38:48 Management and philosophy styles, how co-founders help each other and the organization
40:33 Outro
Social & Website
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Topics Mentioned:
Federal Reserve https://www.federalreserve.gov/
Federal Reserve https://www.federalreserve.gov/
London Business School https://www.london.edu/
Simple Pharma (UK) https://www.simplepharma.com/
Entrepreneur First https://www.joinef.com/
Asset pricing https://en.wikipedia.org/wiki/Asset_pricing
Micro and Macroeconomics https://www.investopedia.com/ask/answers/difference-between-microeconomics-and-macroeconomics/
Biotech Investors https://www.excedr.com/blog/top-vc-firms-for-biotech
Biotech Funding https://www.excedr.com/resources/biotech-startup-funding-options
People Mentioned:
Marc Giannoni https://www.linkedin.com/in/marcpgiannoni/
Marco Del Negro https://www.linkedin.com/in/marco-del-negro-91122550/
Domenico Giannone https://www.linkedin.com/in/domenico-giannone-55755b45/
Jerry Yang https://en.wikipedia.org/wiki/Jerry_Yang
Sebastian Mallaby https://www.linkedin.com/in/sebastian-mallaby-13a24936/
Alice Bentinck https://www.linkedin.com/in/alicebentinck/
Masayoshi Son https://en.wikipedia.org/wiki/Masayoshi_Son
The Biotech Startups Podcast gives you a front-row seat to the business and science of building a biotech. Hosted by Jon Chee, CEO of Excedr, the show features honest conversations with founders, execs, and investors about their work, their companies, and how they got there. From scientific breakthroughs to startup lessons, each episode explores what it really takes to grow a life science company—from pre-seed to IPO.