Show notes
“Don't build your own cathedral.”
After more than two decades in healthcare investing, Philip Borden decided to become an operator. He explains how a conversation with longtime friend Jeff Behrens led him to Labshares and why the shared lab model immediately resonated with his experience watching biotech companies struggle with infrastructure.
Philip breaks down the hidden costs of traditional lab leases, from equipment maintenance and utilities to medical waste, freezer alarms, and unused square footage. He explains how flexible space can help emerging companies stay focused on milestones while preserving critical capital.
The conversation closes with lessons from Labshares' first day under new ownership, including the loss of a major customer, the evolution of the company's value proposition, and the importance of transparent relationships with vendors. Philip also reflects on resilience, family, and the advice from his father to dream big.
