Venture Partner "Mining for clarity in conflicts & bottlenecks"
Copenhagen Area, Denmark
Venture Partner "Mining for clarity in conflicts & bottlenecks"
Copenhagen Area, Denmark
LINKEDIN CONTACTS INCLUSION CRITERIA:
► Hard working people.
► Met in-person eye-to-eye.
VISION:
Creating products & processes => sustainable improvement of healthcare.
WORKING PRINCIPLES:
► Clarity: mining for team conflicts & process bottlenecks.
► See presentation "Working Principles" below in LinkedIn/SlideShare.
CONTRIBUTION & BUSINESS IMPACT:
► Turning 3000+ projects into 18 trade-sales/IPOs (supporting 70+ human therapies).
► Co-founder 1997 of BankInvest Venture with currently 36 employees and MEUR 600+ funds in biotech, ICT, cleantech and emerging markets.
► Co-founder of 6 companies (3 sold and 1 IPO'ed - all at profit).
► As board chairman or member - achieved last 3 exits in BankInvest Biomedical Venture: IPO'ed genomics company at MEUR 100+ valuation, sold CMO at +3x multiple to private equity fund, and sold biologics drug program for MUSD 130+ to large pharmaceutical company.
► Seed investor in Genmab, Zealand Pharma, Santaris, TopoTarget, o.a.
BACKGROUND:
► Medical Doctor (KU, DK) with specialization in Pharmaceutical Medicine (KI, SE) and full license to independent practise (EU).
► MBA (CBS, DK), Chartered Director (CDir, MIoD, UK), Certified Lean Six Sigma Black Belt (CSSBB, QA, US).
► Hands-on (3+ trials) clinical investigator experience with 20+ peer-reviewed international scientific publications.
► Entrepreneur: team, KPI, Lean, governance, complicance, scenario, risk, board, backup, turn-around, working capital.
► Healthcare: IND, KOL, design clinical trial, phase II, cGCP, NDA, orphan drug, NICE, contracting CMC, CMO, CRO, regulatory.
► Finance: IP/patent, valuation, DCF, NPV, option, Monte Carlo, term sheet, negotiation, investor communication, IR, memorandum, portfolio, offering, fundraising, shareholder rights, liquidation, sale, IPO, license, auction, secondary, exit.
(Privately Held; Biotechnology industry)
March 2007 — Present (2 years 9 months)
(Privately Held; Investment Management industry)
July 2005 — Present (4 years 5 months)
(Privately Held; Investment Management industry)
September 2003 — Present (6 years 3 months)
(Privately Held; 51-200 employees; Biotechnology industry)
December 2005 — February 2008 (2 years 3 months)
(Venture Capital & Private Equity industry)
April 2000 — August 2003 (3 years 5 months)
(Research industry)
1994 — 2000 (6 years )
Basic, pre-clinical, and clinical biomedical research:
► 20+ scientific publications in international peer-reviewed journals [www.ncbi.nlm.nih.gov/sites/gquery?term=tscherning+t]
Chartered Director (C. Dir.) , Business Strategy, Corporate Governance, Effective Boards , 2005 — 2007
Qualification:
Institute of Directors (IoD, UK) is the only Royal Charter awarding professional directors qualification and endorsed by most major UK investment companies, insurance institutions & pension funds (50.000+ members). Chartered Director (C.Dir) qualification is awarded after:
► Validation of knowledge (Certificate and Diploma exams in numerous business subject areas)
► Experience (7+ years of directorship validated by board of industry experts)
► Probity (validation of standing by report of number of peers)
Master of Business Administration (MBA) , Finance , 2005 — 2006
Post-graduate Diploma in Pharmaceutical Medicine (DPM) , (Therapeutics development, Regulatory Approval) , 2003 — 2004
Master of Medicine (cand.med.) , License to practise medicine , 1989 — 1996
GOVERNING BODY - MY FAMILY: ► Katie: speaking danish fluently ► Nadia: skiing and scuba-diving. ► Kai: cooking dinner and loving ballet. ► Makena: eating with utensils. => Raising happy kids into robust, independent, productively creative adults. HEALTH: ► Running marathons (x5) and ½-marathons (numerous). ► PADI Open Water scuba diving. ► Skiing. ► Surfing, windsurfing, but not yet kite-surfing.
SUPPORTING PRO BONO:
► Medicines Sans Frontieres [www.msf.org].
FAMILY:
► Proud father of 3 kids.
SCIENTIFIC:
► Gold-medal awarded thesis (Prisopgave), 1995, "Inflammatory mediators in the pathogenesis of neurological diseases", Copenhagen University (DK).
MEDICAL:
► Elected by Ribe County approx. 190+ registrar doctors to be chairman of County Council and member of General Assembly ("Repræsentantskabet"), 1997-1998.
► Chosen by Danish Medical Association DADL to be represented in Work Environmental Committee, 1997-2000.
► Chosen by Danish Medical Association DADL to be member of Research Fund Scientific Evaluation Committee, 2000-2002.
ENTREPRENEURSHIP:
► x3 "Expert Reviewer" and x1 "Final Judge" at the European Venture Contest coordinated by Europe Unlimited.
WORK:
► Elected representative ("Tillidsrepræsentant") of 90 registrar doctors at Esbjerg County Hospital, 1997-1998.
► Chosen representative ("Sikkerhedsrepræsentant") of 190 employees of BankInvest Group to Work Environment Committe , 2000-2005, required by law.