Agree with you in general, however, Hb was established as it was because the NYC ecosystem needed affordable lab space. The equipment made available turnkey through the member fee each month would otherwise be a large capital investment for each company. Thus we are providing considerable concrete value and allowing projects to proceed that otherwise would not be able to. Above and beyond this we provide a community of other life science entrepreneurs and a physical hub for the broader biotech community here in NY that didn't exist yet in the city.
Whether or not our model changes in the future remains to be determined, however, as Dave mentions in his next comment the long timeframe tech risks inherent to investing in many early stage biotechs present some unique challenges to a YC model in biotech.
Whether or not our model changes in the future remains to be determined, however, as Dave mentions in his next comment the long timeframe tech risks inherent to investing in many early stage biotechs present some unique challenges to a YC model in biotech.