Episode 77 Part 1

What Rural Indiana Can Teach Biotech Founders About Trust

Philip Borden (1/4)

“It's the relationships that have always mattered a lot more to me on selecting a partner on that front.”

What Rural Indiana Can Teach Biotech Founders About Trust | Philip Borden (1/4)

Show notes

“It's the relationships that have always mattered a lot more to me on selecting a partner on that front.”

Philip Borden grew up in Plymouth, Indiana, in a family shaped by agriculture. He talks about his grandparents' farms, his father's work as an agricultural lender, and the early lessons he absorbed about local businesses and long-term relationships.

At Duke, an introductory biology class sparked Borden's interest in molecular biology and the underlying causes of disease. He explains why he chose Duke, how swimming and campus life shaped the experience, and why the relationships he built there mattered as much as what he learned in the classroom.

Borden also reflects on the growing importance of communication, trust, and social judgment in a workplace increasingly influenced by AI. He closes with the independent study that took him into his family's history through Oliver Borden's journals and rural Indiana life before the Civil War.

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Sources & resources

Primary links are included when they were available in the episode notes.

Companies & people

Frazier Healthcare Partners: https://www.frazierhealthcare.com Riverside Partners: https://www.riversidepartners.com Galen Partners: https://www.galen-partners.com Longfellow Healthcare Partners: https://www.longfellowhc.com Duke University: https://www.duke.edu Harvard Business School: https://www.hbs.edu University of Chicago: https://www.uchicago.edu JPMorgan: https://www.jpmorgan.com DoorDash: https://www.doordash.com Google: https://www.google.com Oliver Borden: https://archives.isl.lib.in.us/repositories/2/resources/110

Headshot of Philip Borden

About Philip Borden

Philip Borden is the CEO of Labshares, a Greater Boston company that gives emerging biotech teams flexible, capital-efficient access to fully-equipped shared lab space — so scientists can focus on their science instead of managing medical waste, freezer alarms, and five-year leases.

Before Labshares, Philip spent more than two decades as a healthcare investor — from Frazier Healthcare Partners in Seattle, to more than a decade as a general partner at Riverside Partners, and later Galen Partners and Longfellow Healthcare Partners. He's a Duke molecular biologist and a Baker Scholar out of Harvard Business School, and his throughline is a conviction that the biggest edge in biotech isn't the flashiest round — it's staying alive. This is a conversation about relationships, capital efficiency, and the unglamorous discipline that actually keeps companies breathing.

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