#87: Tuvik Beker – How to Start a Life Science Company in Israel and Raise Capital in Silicon Valley

Fundraising in Israel and the United States – In this episode, I have a conversation with Tuvik Beker, CEO of Pangea Biomed, who has started, developed, and exited companies in the United States and Israel. Now he is developing Pangea Biomed to start the next revolution in precision oncology.

Tuvik Beker is a seasoned entrepreneur, an experienced executive, and a strong technical leader who spent the last twenty years building, scaling, and leading companies in the healthcare, financial, and aerospace domains.

Founded in 2018, Pangea Biomed is an Israeli biotech startup redefining cancer care. The company developed ENLIGHT – the world’s most advanced multi-cancer, multi-therapy response predictor. By combining machine learning and deep RNA analysis, the company is mapping tumor molecular signatures to dynamically and adaptively personalize cancer care for a healthier world.

⭐In this episode, we talk about:
The Startup Ecosystem in Israel
Fundraising in the United States from 2000 to 2022
3 Success Secrets to Fundraising in the US
Precision Oncology
The Enlight Technology

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🎤 Quotes:
(11:58) “Nothing is Impossible”
(31:05) “The Abundance of Capital is one important factor. Another one is, how the area around Stanford University welcomes immigration and foreign innovation.”
(35:33) “Many US Investors invest only in US companies”
(40:26) “”If you want to succeed in fundraising, you need to have a wide funnel. You need to start talking to many, many venture capitalists to close a round.”
(44:21) “Be mentally ready to have 100 meetings or more to get the initial cheque.”
(50:30) “The most important thing to bear in mind is building honest relationships with venture capitalists.”
(01:14:06) “Pangeas approach focuses on harnessing these expression abnormalities in order to attack cancer cells and spare normal healthy cells.”

🕛 Timestamps:
(00:00) Opening
(05:32) The Origin of Pangea Biomed
(07:45) The Startup Ecosystem in Israel
(10:16) Conversation Culture in Israeli Schools
(12:05) IDF: “Nothing is Impossible”
(13:55) Compulsory Military Service Contributes to the Success of the Startup Eco-System
(19:03) Founding a Start Up in Israel
(23:15) The Big StartUp Hubs in Israel
(25:16) StartUp Life in Tel Aviv
(28:00) StartUp Life in Palo Alto & Stanford
(30:52) The Role of Silicon Valley in Entrepreneurship and Venture Capital
(33:52) Fundraising in the United States from 2000 to 2022
(40:00) The 3 Success Se

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