[owensmp]

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.

[Snail_Commando]

I just want to say, I jumped the gun a little with my original response to Dave earlier. I misunderstood what Harlem actually was. I realized you made a capital investment in lab space after I commented. Please see my second response to Dave for elaboration.

I stand by my original statement about "incubators", but now I'm weaseling out of calling you an "incubator". You definitely add essential early value.

Capital intensive companies definitely have different requirements than consumer internet companies at inception.

I'm really sorry about mis-characterizing you.

If it were up to me, I might consider re-branding as a sort of bio-coworking space or bio-collaborative space. For some reason, the word "incubator" makes me think 1999 Silicon Valley. But that's probably just me.

It would be really cool if you started investing, too.

Best of luck, I genuinely want you to succeed.