{"id":36346,"date":"2025-12-02T14:38:43","date_gmt":"2025-12-02T13:38:43","guid":{"rendered":"https:\/\/www.hollandbio.nl\/?p=36346"},"modified":"2025-12-02T15:07:29","modified_gmt":"2025-12-02T14:07:29","slug":"dare-to-fail-and-grow-together-lessons-from-failure-friday","status":"publish","type":"post","link":"https:\/\/www.hollandbio.nl\/en\/nieuws\/dare-to-fail-and-grow-together-lessons-from-failure-friday\/","title":{"rendered":"Dare to fail and grow together: Lessons from Failure Friday"},"content":{"rendered":"\n

Entrepreneuring in biotech holds great promise, but also persistent challenges. At hollandbio\u2019s Failure Friday event, two seasoned biotech leaders shared their most valued lessons \u2013 not from successes, but from setbacks. In an open atmosphere, they offered the room full of peers not just honest anecdotes, but practical wisdom for anyone navigating the realities of biotech.<\/p>\n\n\n\n

Between ambition and reality<\/strong><\/p>\n\n\n\n

Hollandbio\u2019s Annemiek opened with a familiar contradiction: while biotech features prominently in political ambitions in The Hague and Brussels, companies still struggle with financing, slow regulation and limited reimbursement. Through member benefits, sharp monitoring, and long-term lobbying \u2013 such as our recent contributions to the Plan Wennink \u2013 hollandbio continues to push for a business climate where biotech can truly thrive. The speakers of the day, Erik van den Berg, CEO of MemoTherapeutics, and Tom van Aken, CEO of Avantium, didn\u2019t shy away from sharing what went wrong along their journeys.<\/p>\n\n\n\n

When great plans fail<\/strong><\/p>\n\n\n\n

Tom reflected on his company\u2019s joint venture that once seemed promising but ultimately failed due to a cultural mismatch: \u201cWhenever I met with our joint venture partner, they said: we\u2019re paid to avoid risk. Well, that was the real difference.\u201d<\/em> Ending the partnership was painful, especially for a publicly listed company, but it was the right decision. Fortunately, a pre-agreed \u2018divorce clause\u2019 made the process manageable. From the audience came a helpful question executives should always ask themselves: \u201cCan you handle the worst outcome?\u201d<\/em><\/p>\n\n\n\n

Boards, investors and tough choices<\/strong><\/p>\n\n\n\n

Governance challenges resonated strongly. Erik underlined the difficulty of managing investor-driven boards and the importance of transparency. Tom agreed and pointed out that as CEO, you must learn to let go of the details when your company grows: \u201cDon\u2019t be afraid to not know something, it\u2019s fine to not know everything.\u201d<\/em> He stressed that boards must understand the business, not micromanage it. And that managing the board as CEO requires constant calibration of trust. When discussing tough financial decisions, Tom introduced a pragmatic mindset difficult to forget: \u201cIf dilution is the solution, you just do it.\u201d<\/em><\/p>\n\n\n\n

Failure as fuel for growth<\/strong><\/p>\n\n\n\n

Both speakers highlighted how their leadership evolved through the experience they shared. Erik learned to step back from solving every issue himself and move into a more coaching role, while Tom learned to trust his intuition in hiring and team building. With these wise lessons, Failure Friday once again demonstrated: setbacks are not endpoints, but valuable data points. A very special thank you to Erik van den Berg and Tom van Aken for their openness, and to all participants for contributing to an atmosphere where lessons from failure strengthen the entire biotech community. See you at our next event: The Hollandbio Year Event<\/a> taking place on January 29th!<\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Entrepreneuring in biotech holds great promise, but also persistent challenges. At hollandbio\u2019s Failure Friday event, two seasoned biotech leaders shared their most valued lessons \u2013 not from successes, but from setbacks. In an open atmosphere, they offered the room full of peers not just honest anecdotes, but practical wisdom for anyone navigating the realities of […]<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57,43,56],"tags":[],"class_list":["post-36346","post","type-post","status-publish","format-standard","hentry","category-ijzersterk-innovatieklimaat","category-innovatieklimaat","category-progamma"],"acf":[],"yoast_head":"\nDare to fail and grow together: Lessons from Failure Friday - hollandbio<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hollandbio.nl\/en\/nieuws\/dare-to-fail-and-grow-together-lessons-from-failure-friday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dare to fail and grow together: Lessons from Failure Friday - hollandbio\" \/>\n<meta property=\"og:description\" content=\"Entrepreneuring in biotech holds great promise, but also persistent challenges. 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