“Failures are an inherent part of taking risks,” and the line between success and failure can be very thin, Max Wallace, president of the Arbor Group told The Indus Entrepreneurs this week.This is especially true in the extremely competitive biotech environment, and Wallace is searching for ways to improve the changes of startup firms succeeding.Wallace knows from first-hand experience how difficult the challenge is. He shared his experiences with than 100 people who attended the group monthly meeting Tuesday night on what entrepreneurs can learn from failure. Wallace helped found several Triangle-based, venture-backed start-ups, including Trimeris (Nasdaq: TRMS) and Cogent Neuroscience.
