Third Rock Ventures

Third Rock Ventures is a venture capital investor's firm that is based in Boston. Founded in 2007,[2][nt 1] the firm invests in biotechnology startups.[3][4][5][6][7]

Third Rock Ventures
IndustryVenture capital
Founded2007
HeadquartersBoston, Massachusetts, United States
Key people
Mark J. Levin
Kevin P. Starr
Robert I. Tepper[1]
Websitethirdrockventures.com

Approach

Third Rock employs a four-stage approach to company creation: Discover, Launch, Build, Transform. In the Discovery phase, Third Rock works with scientific founders and expert advisors to develop a vision and strategy for a company. Once the company concept has been refined and optimized in Discovery, the firm launches the company with the necessary resources to enable it to reach critical milestones. In the Build phase Third Rock transitions out of interim roles and establish management teams.

Results

Third Rock has created 80 companies and those companies have released 16 products.

References
  1. "Company Overview of Third Rock Ventures, LLC". Bloomberg L.P. Retrieved 22 June 2019.
  2. Third Rock Ventures Company Brochure
  3. Alsever, Jennifer (19 February 2015). "Third Rock Ventures: Giving birth to a new generation of biotechs". Fortune. Retrieved 22 August 2018.
  4. Weisman, Robert (31 October 2016). "Third Rock raises $616m for fourth biotech venture fund". Boston Globe. Retrieved 22 August 2018.
  5. Weintraub, Karen (5 June 2018). "Biotech Startups: Dreams, Risk, Failure And - Sometimes - Success". WBUR-FM. Retrieved 22 August 2018.
  6. Timmeran, Luke (31 October 2016). "Third Rock Ventures, One of Biotech's Daring Investors, Raises $616M For More Startups". Forbes. Retrieved 22 August 2018.
  7. Heidi Ledford (25 September 2013). "Biotechnology: The start-up engine". Nature. Retrieved 26 September 2013.

Notes
  1. According to the December 2010 edition of BoogarLists' "Venture Capital + Private Equity Directory", the inception year for the company was 2007, not 2006. — Venture Captal + Private Equity. BoogerLists. December 30, 2010. p. 318 – via Google Books.


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